Euro Manganese (EMN) investor relations material

Executive summary

• Focus remains on advancing the Chvaletice Manganese Project in the Czech Republic, with a secondary opportunity in Canada for high-purity manganese products targeting the battery market.

• Received key permits, including the Mining Lease and Environmental and Social Impact Assessment, and completed the acquisition of strategic land parcels.

• Demonstration plant fully commissioned, producing on-spec products and supporting customer qualification efforts.

• Entered into multiple non-binding offtake term sheets and continues negotiations to secure binding agreements for 80–90% of production.

• Completed a significant financing package in May 2025, strengthening near-term liquidity but highlighting ongoing funding needs.

Financial highlights

• Revenue for the nine months ended June 30, 2025, was $3.4 million, up from $2.5 million year-over-year, primarily from specialty steel sales by EPCS.

• Net loss for the nine months ended June 30, 2025, was $12.8 million, an improvement from $13.2 million in the prior year.

• Gross loss for the nine months was $0.6 million, mainly due to depreciation on EPCS assets.

• Cash and cash equivalents at June 30, 2025, were $10.9 million, with working capital of $9.3 million.

• Completed $11.1 million in equity financing, including private placement and share purchase plan, with participation from new and existing investors.

Outlook and guidance

• Priorities include securing additional offtake contracts, strategic investors, and government funding.

• Advancement of Phase 1 FEED of the EPCM contract and further land acquisitions are contingent on new financing.

• All work on the Bécancour Project and FEED phase is on hold pending further funding.

• Ongoing evaluation of financing options, with material uncertainty regarding the ability to fund operations for the next twelve months.