Euro Manganese Inc. has entered into a non-binding offtake term sheet with 6K Energy for the proposed sale of high-purity electrolytic manganese metal from the Chvaletice Manganese Project in the Czech Republic.

The arrangement follows successful testing and preliminary qualification by 6K Energy of high-purity manganese produced at Euro Manganese's Demonstration Plant. This technical milestone provides third-party validation of the material's quality and suitability for advanced battery-material applications.

The term sheet contemplates a long-term, take-or-pay offtake arrangement. The pricing structure is designed to support the project's anticipated debt-financing requirements while preserving potential upside exposure to strengthening manganese prices as markets evolve.

Initial volumes of high-purity electrolytic manganese metal are expected to be supplied from the Demonstration Plant beginning in 2028, supporting continued customer qualification and commercial engagement ahead of first commercial production. Euro Manganese and 6K Energy have also agreed to evaluate broader commercial opportunities involving the use of the company's products within 6K Energy's business operations.

“This term sheet represents an important step toward converting customer interest into a long-term commercial relationship. 6K Energy's successful testing and preliminary qualification of our material provide valuable validation of its quality and suitability for advanced battery-material applications.”

— Martina Blahova, President and Chief Executive Officer

The companies intend to negotiate and execute a definitive offtake agreement under which the contemplated pricing mechanism, volumes and other commercial terms would become binding.

Read the full announcement: Euro Manganese Signs Offtake Term Sheet with 6K Energy Following Preliminary Qualification of High-Purity Manganese