Euro Manganese Announces Amendments To Convertible Loan And Royalty Agreement, And Royalty Agreement With Orion

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) (the " Company " or " Euro Manganese ") announces amendments to the Amended and Restated Convertible Loan and Royalty Agreement between Euro Manganese and OMF(BK) LLC (" Orion "), dated May 20, 2025, and the Amended and Restated Royalty Agreement between the same parties, also dated May 20, 2025.

Under these amendments Orion may, at its discretion, convert the outstanding loan amount and accrued interest into a royalty at any time, and the time to reach certain milestones (milestone extension date) has been extended to June 30, 2026. Taken together, these changes provide enhanced flexibility under the agreements and demonstrate continued cooperation. Other material terms and conditions outlined in the Company's news release dated December 3, 2024, remain unchanged.

About Euro Manganese

Euro Manganese Inc. is a battery materials company developing the Chvaletice Manganese Project in the Czech Republic, Europe's only near-term source of high-purity manganese, a critical ingredient in next-generation electric vehicles, energy storage batteries and defence applications.
The Chvaletice Manganese Project aims to reprocess historic mine tailings to produce high-purity electrolytic manganese metal (HPEMM), and high-purity manganese sulphate monohydrate (HPMSM), establishing a fully traceable, low-carbon supply chain within the European Union.
With its Demonstration Plant having produced on-spec products and optimization work underway to enhance commercial plant efficiency, Euro Manganese is positioned to become Europe's first domestic producer of high-purity manganese, meeting the rising demand for sustainable, strategic battery materials while advancing Europe's clean-energy and supply-chain independence goals.

Euro Manganese is dual listed on the TSX-V and the ASX.

About Orion Resource Partners

Orion Resource Partners is a global investment firm specializing in the metals and materials critical to sustainable economic growth and the energy transition, with more than $8.6 billion of assets under management and a team of approximately 80 professionals across five global offices. Orion has successfully invested across the metals and materials value chain for over a decade, operating complementary investment strategies spanning the full liquidity spectrum, finding and capturing opportunities driven by the long-term trends of global decarbonization, the constrained supply of critical resources, and advancements in industrial technologies. Orion is a signatory to the UN PRI and requires adherence to the IFC Performance Standards on Environmental and Social Sustainability where appropriate.

Authorized for release by the President and CEO of Euro Manganese Inc.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) or the ASX accepts responsibility for the adequacy or accuracy of this release.

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