Euro Manganese 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 of high-purity manganese produced at the Euro Manganese Demonstration Plant, providing customer validation of the material's quality and suitability for advanced battery-material applications.

The contemplated long-term, take-or-pay agreement features a market-linked pricing structure 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 qualification and commercial engagement ahead of first commercial production.

“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 of Euro Manganese

Euro Manganese and 6K Energy intend to negotiate and enter into a definitive offtake agreement under which the contemplated pricing mechanism, volumes and other commercial terms would become binding. The parties have also established a framework to evaluate broader commercial opportunities involving Euro Manganese's products and their potential use within 6K Energy's operations, including the potential supply of material intended to meet applicable requirements under the U.S. National Defense Authorization Act.

The proposed arrangement advances Chvaletice as a secure, traceable Western source of high-purity manganese for North American battery and advanced-manufacturing supply chains. The project plans to reprocess historic mine tailings in Czechia to produce high-purity electrolytic manganese metal and high-purity manganese sulphate monohydrate.

Read the full announcement: EMN Signs Offtake Term Sheet with 6K Energy