Euro Manganese Announces Early Appointment of Chairman and Provides Financing Update

In This Article:

Highlights

  • Mr. Rick Anthon, a veteran battery metals executive with over 30 years of industry experience, appointed as Chairman

  • Euro Manganese's previously announced C$11.2 million (A$12.3 million) financing has received conditional approval from the TSX Venture Exchange

  • Share Purchase Plan for certain eligible shareholders for proceeds of A$1.5 million (C$1.4 million) to be launched on April 28, 2025

  • Annual General and Special Meeting of shareholders to be held on May 15, 2025

Vancouver, British Columbia--(Newsfile Corp. - April 14, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) (the "Company" or "Euro Manganese") is pleased to announce that Mr. Rick Anthon has been appointed Chairman of the Board of Directors (the "Board") as of April 11, 2025 (Vancouver). In addition, the Company is providing an update on the Company's previously announced upsized C$11.2 million (A$12.3 million) brokered unit private placement financing (the "Financing").

Appointment of New Chairman

Mr. Anthon was originally expected to join the Board upon the closing of the Financing, which is now anticipated to close on or about May 22, 2025, subject to shareholder approval. However, his appointment has been brought forward following unanimous approval by the other directors. The Company's current Chairman, Mr. John Webster, is stepping down as Chairman but will remain on the Board and as Chair of the Audit Committee.

Mr. Anthon's appointment comes at a pivotal time for Euro Manganese as it advances the development of its Chvaletice Manganese Project. His addition to the Board brings decades of battery metals experience and reflects the Company's continued focus on building a strong leadership platform to support its role as a key contributor to Europe's battery materials supply chain.

Martina Blahova, Interim CEO of Euro Manganese, commented, "Rick's early appointment reflects the confidence we've built with key stakeholders and our focus on execution. His depth of experience in the resource sector and proven leadership will be invaluable as we continue to scale the Chvaletice Project and deliver on our strategic priorities. On behalf of the Board, we would like to express our gratitude to John for his outstanding contribution to Euro Manganese during his tenure as Chairman, and his exceptional stewardship during these recent transformative years. We look forward to continuing to receive his guidance and support as a director and as Chair of the Audit Committee."