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Euro Manganese, Inc. (TSE:EMN)
:EMN
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements, including the commissioning of the Demonstration Plant and progress on strategic funding applications and negotiations for offtake agreements. However, the company faces challenges with market softening impacting growth forecasts and delays in finalizing some offtake agreements. Funding remains a critical area of focus, with efforts to secure necessary financing to support ongoing development activities.Company Guidance
During Euro Manganese's Q3 2024 earnings call, detailed financial metrics and strategic developments were discussed. The company started the quarter with $20.1 million in cash, spending $5.3 million predominantly on Phase 1 of the Front-End Engineering Design, permitting, and corporate costs, closing with $13.2 million. Interest on convertible loans was $0.8 million, while $0.2 million was allocated for land deposits, and $0.6 million was spent on commissioning the Demonstration Plant. Key achievements included the successful production of high-purity manganese sulfate and securing a permanent operating permit for the plant in the Czech Republic. The company is exploring multiple funding sources, including a $30 million tranche from Orion, alongside national and EU grants. Market challenges were acknowledged, with a reduction in EV growth forecasts impacting customer demand and negotiations; nonetheless, ongoing discussions involve potential offtake agreements totaling over 65,000 tonnes annually, with eight parties in advanced negotiation stages. Euro Manganese emphasized its strategic positioning as a potential sole European producer of high-purity manganese, seeking strategic project status under the EU Critical Raw Materials Act to access preferential financing and grants.Demonstration Plant Commissioning
Completed the commissioning of the Demonstration Plant in the Czech Republic and successfully produced high-purity manganese sulfate from high-purity electrolytic manganese metal.
Progress on Funding Applications
Identified several prospective funding sources through national and EU Grant and Incentive programs, and completed the EU Critical Raw Materials Act Strategic Project application.
Strategic Project Qualification
Euro Manganese is completing an application to qualify as a Strategic Project under the EU Critical Raw Materials Act, which could provide access to financing and grant funding.
Engagement with CzechInvest
Engaged with the investment and business development agency of the Czech Republic for potential investment incentives, including corporate income tax relief and cash grants.
High-Purity Manganese Offtake Discussions
Ongoing negotiations with multiple parties for offtake agreements, with interest for over 75,000 tonnes of high-purity manganese sulfate per annum in advanced stages of negotiation.
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TSE:EMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:EMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | C$0.05 | C$0.04 | -20.00% |
| Dec 19, 2024 | C$0.04 | C$0.04 | 0.00% |
| Aug 14, 2024 | C$0.04 | C$0.04 | 0.00% |
| May 15, 2024 | C$0.08 | C$0.08 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Euro Manganese, Inc. (TSE:EMN) report earnings?
Euro Manganese, Inc. (TSE:EMN) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Euro Manganese, Inc. (TSE:EMN) earnings time?
Euro Manganese, Inc. (TSE:EMN) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:EMN EPS forecast?
Currently, no data Available
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