Euro Manganese Partners with ICP Securities for Market Making
Euro Manganese Engages ICP Securities for Market Making Services
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF; Frankfurt: E06) is excited to announce its collaboration with ICP Securities Inc. for automated market making services. This strategic partnership will utilize ICP's proprietary algorithm, ICP Premium™, and will adhere to the policies and regulations of the TSX Venture Exchange.
Details of the Agreement
As part of the engagement, Euro Manganese will pay ICP a monthly fee of CAD$7,500. The contract has an initial term of three months, starting from the agreement date, with subsequent renewals each month unless either party provides a thirty-day written notice. The agreement does not include performance-based compensation or any equity-based compensation for ICP, though they may consider acquiring an interest in Euro Manganese's securities in the future.
Approval and Responsibilities
This appointment awaits approval from the TSX Venture Exchange. ICP will conduct its market making activities to address temporary imbalances in supply and demand concerning the shares of Euro Manganese. All costs incurred by ICP in the buying and selling of shares will be borne solely by them, ensuring that no external funding or securities will be utilized for these activities.
About ICP Securities Inc.
ICP Securities Inc., based in Toronto, is a CIRO dealer-member that specializes in providing automated market making and liquidity services. Since its establishment in 2023, ICP has developed its proprietary technology and market making algorithm, ICP Premium™, which is designed to improve liquidity and quote quality. Their focus is on enhancing execution and trading across various public issuers and institutional investors.
About Euro Manganese Inc.
Euro Manganese is dedicated to becoming a key player in the production of high-purity manganese for the electric vehicle sector. The company is currently advancing the Chvaletice Manganese Project in the Czech Republic and exploring opportunities to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice project represents a unique opportunity to transform waste into valuable resources by reprocessing legacy tailings from an old mine. On a strategic level, it stands as the largest manganese resource within the European Union, positioning Euro Manganese as a pivotal contributor to the battery supply chain. This move supports the global transition towards a more sustainable, circular economy.
Euro Manganese is publicly traded on both the TSX Venture and the ASX, reflecting its commitment to transparency and shareholder engagement.
Company Inquiries
Dr. Matthew James
President & CEO
mjames@mn25.ca
LodeRock Advisors
Neil Weber
Investor and Media Relations – North America
+1 (647) 222-0574
neil.weber@loderockadvisors.com
Jane Morgan Management
Jane Morgan
Investor and Media Relations - Australia
+61 (0) 405 555 618
jm@janemorganmanagement.com.au
Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
Website: www.mn25.ca
Frequently Asked Questions
What services will ICP Securities provide to Euro Manganese?
ICP Securities will offer automated market making services to enhance liquidity for Euro Manganese shares.
What is the fee structure outlined in the agreement?
The agreement specifies a monthly fee of CAD$7,500 for the market making services provided by ICP Securities.
How long is the contract with ICP Securities?
The initial term of the contract is three months, with automatic monthly renewals unless notice is given.
Are there performance factors included in the agreement?
No, the contract does not include any performance factors or equity-based compensation for ICP Securities.
What is the significance of the Chvaletice Manganese Project?
The Chvaletice Project is the largest manganese resource in the EU, representing a crucial step towards sustainable battery material production.
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