Key Takeaways
- Euro Manganese signed a non-binding offtake term sheet with 6K Energy for high-purity electrolytic manganese metal (HPEMM) used in battery supply chains.
- The manganese would come from Euro Manganese’s Chvaletice Manganese Project in the Czech Republic, which reprocesses historic mine tailings into battery-grade material.
- Initial volumes are expected once the project’s Demonstration Plant begins production in 2028, under a proposed long-term, take-or-pay pricing structure.
- The term sheet follows 6K Energy’s preliminary qualification of manganese material already produced at the Demonstration Plant.
- Martina Blahova, President and CEO of Euro Manganese, called the term sheet “an important step toward converting customer interest into a long-term commercial relationship.”
Euro Manganese Signs Offtake Term Sheet With 6K Energy
Euro Manganese Inc. has signed a non-binding offtake term sheet with American battery materials producer 6K Energy for high-purity electrolytic manganese metal (HPEMM), the companies announced August 17, 2026. The agreement follows 6K Energy’s preliminary qualification of manganese material supplied by the company for testing.
The term sheet covers manganese destined for battery supply chains and sets out a framework the two companies intend to convert into a definitive binding agreement.
Chvaletice Project Eyes 2028 Production Start
The manganese would be sourced from Euro Manganese’s Chvaletice Manganese Project in the Czech Republic, which is designed to reprocess historic mine tailings into HPEMM and high-purity manganese sulphate monohydrate. Initial volumes under the proposed arrangement are expected once the project’s Demonstration Plant begins output in 2028.
The parties are contemplating a long-term, take-or-pay structure with market-linked pricing, an approach meant to support debt financing for the project while leaving room for upside if manganese prices rise. Specific volumes have not been disclosed.
Executives Highlight Supply Chain and Growth Goals
“This term sheet represents an important step toward converting customer interest into a long-term commercial relationship,” said Martina Blahova, President and Chief Executive Officer of Euro Manganese.
“Establishing secure, transparent and resilient supply chains for critical battery materials is central to our growth,” said Aaron Kless, Senior Vice President of Global Operations at 6K Energy.
Euro Manganese Moves Toward Binding Agreement
Beyond the manganese metal offtake, the companies said the term sheet includes a framework to evaluate broader commercial opportunities as the Chvaletice project advances toward a final investment decision. Euro Manganese has positioned the project as a non-Chinese source of manganese for battery cathode materials, an area where supply chains outside China remain limited. The two sides said they will now work to finalize binding contract terms tied to the project’s development timeline.
Euro Manganese trades as TSXV: EMN, ASX: EMN, OTC Pink: EUMNF and FSE: E060. 6K Energy operates a Battery Center of Excellence in North Andover, Massachusetts, and its PlusCAM factory in Jackson, Tennessee, produces cathode active materials for nickel-manganese-cobalt and high-nickel battery chemistries used across the electric vehicle and energy storage sectors.
