Highlights
- The Project is poised to become Europe’s only primary producer of high-purity manganese products with excellent ESG credentials, serving the rapid growth of the EV battery market.
- The Project is designed to meet the Czech Republic’s and European Union’s strict environmental, health and safety standards.
- The ESIA is the main step in the Project’s environmental permitting process.
- The Company has published its inaugural 2022 Sustainability Report, outlining material issues for the business and its stakeholders.
Submission of ESIA
The ESIA builds on the preliminary ESIA which was reviewed by the
After a significant amount of work, the Company is confident in the quality of the studies and in meeting the criteria set out by Czech regulation for a successful ESIA. The approval process is anticipated to take approximately six months.
Publication of Inaugural Sustainability Report
The Company has published its inaugural Sustainability Report for 2022, which outlines how
The Report was filed on SEDAR on
Dr.
“Both the submission of the Environmental and Social Impact Assessment and the completion of the Company’s inaugural Sustainability Report are significant achievements by
About
Authorized for release by the CEO of
Neither
Inquiries
Dr.
President & CEO
+44 (0)747 229 6688
Senior Director, Investor Relations
+1 (604) 312-7546
lburgess@mn25.ca
Company Address: #709 -700 West Pender St.,
Website: www.mn25.ca
Forward-Looking Statements
Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its
Such forward-looking information or statements also include, but are not limited to, statements regarding the Company’s intentions regarding the development of the
Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
Factors that could cause actual results or events to differ materially from current expectations include, among other things: a delay or inability to get the ESIA approved by relevant authorities, the ability to develop adequate processing capacity; risks and uncertainties related to the ability to obtain, amend, or maintain necessary licenses, or permits, risks related to acquisition of surface rights; timing and amount of production and total costs of production; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; risks and uncertainties related to the accuracy of mineral resource and reserve estimates; changes in project parameters as plans continue to be refined; risks related to global epidemics or pandemics and other health crises, including the impact of the coronavirus (COVID-19); availability and productivity of skilled labour; risks and uncertainties related to interruptions in production; unforeseen technological and engineering problems; social unrest or war; the possibility that future results will not be consistent with the Company's expectations; developments in EV battery markets and chemistries; and risks related to fluctuations in currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see "Risk Factors" in the Company's annual information form for the year ended
All forward-looking statements are made based on the Company's current beliefs as well as various assumptions made by the Company and information currently available to the Company. Generally, these assumptions include, among others: the presence of and continuity of manganese at the
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
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