ASX-listed Euro Manganese rises on agreement with France's Verkor

Euro Manganese

12/01/2023 24:34

** Australian-listed shares of Euro Manganese  EMN.AX  rise
as much as 4.5% to A%0.35, on track for best session since Aug.
3, 2021 if gains hold
    ** Stock hits highest since Jan. 24, 2022
    ** Co enters offtake term sheet with France-based Verkor for
the sale of high-purity manganese sulphate monohydrate from its
Chvaletice Manganese project in the Czech Republic
    ** Deliveries are to commence from first production,
expected to be in 2027, for an initial tenure of eight years
with potential for renewal - EMN
    ** More than 36 mln shares have changed hands, compared with
the 30-day average of about 24 mln shares 
    ** ASX-listed stock down ~28.3% in 2022
 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))