09:19 AM EDT, 03/11/2024 (MT Newswires) -- Euro Manganese Inc. ( EMNAF ) , trading near 52-week lows, over the weekend said that the Chvaletice Manganese Project has progressed to the formal appraisal stage for debt financing with the European Investment Bank.

The funding from the EIB, along with the broader funding package, is expected to support the development of the company's high-purity battery-grade manganese plant in the Czech Republic.

Chvaletice is the European Union's sole large manganese reserve.