Euro Manganese Announces Amendment to Funding Package with Orion Resource Partners

VANCOUVER, British Columbia, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (“Euro Manganese” or the "Company") announced today that it has amended the US$100 million funding package (the “Funding Package”) with OMRF (BK) LLC ("Orion"), which is managed by the Orion Resource Partners. The Funding Package, originally announced on November 28, 2023, supports the development of the Chvaletice Manganese Project (the "Project") in the Czech Republic, and consists of a US$50 million Convertible Loan Royalty Agreement (the "CLRA"), of which US$20 million has been advanced to the Company, and a US$50 million royalty on Project revenues (the “Royalty Financing”), subject to the Company meeting certain milestones related to the development of the Project.  

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