Euro Manganese Strengthens Financial Position with Conditional Debt-To-Royalty Conversion on Chvaletice Manganese Project
4 Articles
4 Articles
Euro Manganese Strengthens Financial Position with Conditional Debt-To-Royalty Conversion on Chvaletice Manganese Project
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2026) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) ('EMN' or the
Euro Manganese (ASX:EMN) swaps US$23.5m of Orion debt for a Chvaletice royalty
The royalty rate jumps to 2.29-2.46% of project revenue, but the milestone straightjacket is gone Euro Manganese (ASX:EMN) has done something unusual for a pre-revenue developer. It has convinced its largest lender, Orion Resource Partners, to accept a royalty instead of cash for the US$23.5 million it is owed. The Third Amended and Restated Convertible Loan and Royalty Agreement, signed on 9 July, converts the outstanding loan and accrued inter…
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