Euro Manganese Inc. (ASX: $EMN) Third Quarter Financial Update

Euro Manganese Inc. (ASX: $EMN) has released its condensed consolidated interim financial statements for the three and nine months ended June 30, 2024. The company's principal focus remains on the development of the Chvaletice Manganese Project, aiming to produce high-purity manganese products for use in lithium-ion batteries. Euro Manganese Inc. is listed on the Australia Securities Exchange (ASX) under the symbol 'EMN.AX'.

Executive Commentary on Going Concern and Project Development

The company's condensed consolidated interim financial statements reflect its ongoing commitment to the Chvaletice Manganese Project. Euro Manganese Inc. acknowledges the need for additional financing to fund its corporate and project development costs for at least the next twelve months. The company's ability to secure the US$30 million tranche of the Convertible Loan Facility is crucial for the further development of its principal project. The management is focused on achieving the conditions precedent to secure the funding and is actively working on offtake agreements and securing a strategic investor to meet the necessary milestones.

Outlook and Corporate Strategy

Euro Manganese Inc. continues to pursue the development of the Chvaletice Manganese Project, emphasizing the production of high-purity manganese products for the lithium-ion battery market. The company's ambitions are underpinned by the goal to operate in an economically, socially, and environmentally-sound manner. However, the company's ability to continue as a going concern is subject to securing additional financing and achieving the conditions precedent for the Convertible Loan Facility. The successful execution of these objectives is critical for the company's future development and progress towards its corporate strategy.