Euro Manganese Partners with ICP Securities for Market Making Services
Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQB: EUMNF; Frankfurt: E06) is pleased to share its new partnership with ICP Securities Inc. for automated market making services. This collaboration will leverage ICP’s proprietary algorithm, ICP Premium™, and will comply with the regulations set by the TSX Venture Exchange.
Agreement Details
Under this agreement, Euro Manganese will compensate ICP with a monthly fee of CAD$7,500. The contract will initially last for three months from the date of agreement, with the possibility of monthly renewals unless either party provides a written notice at least thirty days in advance. Notably, the agreement does not include any performance-based or equity compensation for ICP, although they might consider acquiring an interest in Euro Manganese's securities in the future.
Approval and Responsibilities
This appointment is pending approval from the TSX Venture Exchange. ICP will carry out its market making activities to manage temporary imbalances in supply and demand for Euro Manganese shares. All expenses related to the buying and selling of shares will be solely incurred by ICP, ensuring that no external funding or securities will be used for these activities.
About ICP Securities Inc.
Based in Toronto, ICP Securities Inc. is a CIRO dealer-member that specializes in automated market making and liquidity services. Since its inception in 2023, ICP has developed its proprietary technology and market making algorithm, ICP Premium™, aimed at enhancing liquidity and improving quote quality. Their mission is to optimize execution and trading for various public issuers and institutional investors.
About Euro Manganese Inc.
Euro Manganese is committed to becoming a significant player in the production of high-purity manganese for the electric vehicle industry. The company is currently progressing with the Chvaletice Manganese Project in the Czech Republic and is exploring avenues to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice project presents a remarkable opportunity to convert waste into valuable resources by reprocessing legacy tailings from an old mine. Strategically, it is the largest manganese resource within the European Union, positioning Euro Manganese as a vital contributor to the battery supply chain. This initiative supports the global shift towards a more sustainable, circular economy.
Euro Manganese is publicly listed on both the TSX Venture and the ASX, demonstrating its dedication to transparency and active 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 provide automated market making services to enhance the liquidity of 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.
