What does Union Power Metals do?

Union Power Metals (CSE: UPPR) is a critical minerals company developing Europe's largest manganese resource package in Slovakia — 24.3 million tonnes across the Svabovce and Michalova deposits. The company also explores for uranium in Botswana through its UA92 project (~2,414 km²).

Where are Union Power Metals' manganese projects?

Union Power Metals holds two manganese deposits in Slovakia's Battery Belt: Svabovce (13.9 Mt at 14.47% Mn) near Spišské Vlachy and Michalova (10.4 Mt at 9.49% Mn) near Brezno. Slovakia is strategically located near major European battery and automotive manufacturing centres.

Why is European manganese supply important?

Europe is currently 100% dependent on imported high-purity manganese, with China controlling over 90% of global HPMSM refining. The EU Critical Raw Materials Act (CRMA) now requires 10% domestic extraction and 40% domestic processing by 2030. Union Power Metals' Slovak deposits could help fill this critical supply gap.

Who invested in Union Power Metals?

Eric Sprott, one of the world's most prominent natural resource investors, participated in and led Union Power Metals' most recent financing round, which closed in February 2026.

What stock exchange is Union Power Metals listed on?

Union Power Metals trades on the Canadian Securities Exchange under the ticker UPPR (CSE: UPPR). The company is also listed on the Frankfurt Stock Exchange (FRA: UPR) and the OTCQB Venture Market (OTCQB: UPERF).

Union Power Metals - CSE: UPPR | Manganese for Europe

Press Releases

Latest News

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May 11, 2026

Strengthens Leadership Team & Grants Performance-Based Compensation

Erez Ichilov joins as Senior Advisor and Alexander Ryabchenko as VP, Corporate Development. 3,080,000 options and 800,000 RSUs granted — 100% performance-vested, only when shareholders see value first.

Name Change to Union Power Metals — Effective May 4, 2026

Name change complete; common shares begin trading under new ticker UPPR on May 6, 2026. New corporate website launched alongside a strategic shift to a European manganese platform.

Operational Update & Security-Based Compensation Grants

UA92 uranium field operations commenced; 4,550,000 stock options and 2,000,000 RSUs granted to directors, officers and consultants.

Why Union Power Metals

EU Support

Manganese designated strategic under the EU Critical Raw Materials Act — mandating 10% domestic extraction by 2030 with fast-track permitting for Strategic Projects.

Proven Resource

24.3 Mt combined historic manganese resource across Svabovce and Michalova — potentially the largest manganese package in the EU, at 12%+ average grade.

Strong Track Record

Led by the former CEO of Uranium One Group (200 Mlb U₃O₈ built), J.P. Morgan alumni, and a 30-year P.Geo as Qualified Person. Proven deal and discovery history.

Strategic Partner

Eric Sprott participated in and led the January 2026 financing — a strong institutional endorsement of the Union Power Metals thesis. Tight capital structure aligned for long-term value.

The Investment Case

Six Reasons Our Timing Is Right

A critical-minerals company uniquely positioned at the intersection of EU policy urgency, surging EV demand, and a world-class geological package.

01 · EU Policy Tailwind

Strategic Under the EU CRMA

EU Critical Raw Materials Act mandates 10% domestic extraction and 40% domestic processing of manganese by 2030. Streamlined 27-month permitting for Strategic Projects.

02 · Largest EU Package

24.3 Mt Historic Resource

Potentially the largest manganese resource package in the EU — higher grade than peers, with significant expansion upside. Europe currently produces zero domestic manganese.

03 · World-Class Team

Proven Mining & Capital Markets Leadership

Led by Derrick Dao (CEO, J.P. Morgan alum) and Andrey Shutov (President & COO, former CEO of Uranium One Group — built a 200+ Mlb U₃O₈ resource base). Backed by a 30-year P.Geo Qualified Person and senior advisors from Traxys and Cunico Resources.

04 · Demand & Location

At the Heart of EV Europe

LMFP batteries contain 60–80% manganese by cathode weight. Slovakia produces more cars per capita than any country — VW-Porsche, Volvo-Northvolt, and InoBat within 240 km.

05 · Sprott-Led Backing

Eric Sprott Financing

Eric Sprott invested in and led the January 2026 $6M financing, acquiring ~12.8% of the Company. Tight 72.6M share capital structure aligned with long-term value creation.

See the Full Case

Read the Investor Deck

Full overview of assets, team, capital structure, and catalysts.

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Slovakia, EU

Two World-Class Deposits

Both projects hold significant historic manganese resources in the EU's automotive heartland — within 300 km of Europe's major battery manufacturing corridor.

Svabovce Primary Asset

Sampling underway As of May 1, 2026

Svabovce Deposit

Southeast of Poprad, Slovakia. Five sub-deposits with 35 km of existing underground workings. Recent surface samples up to 23% Mn.

13.9 Mt

Historic Tonnes

14.47%

Average Mn Grade

30.52 km²

Licence Area

35 km

Underground Workings

View Project Details

Michalova Near Brezno

Drill permitting underway As of May 1, 2026

Michalova Deposit

Near Brezno, central Slovakia. Waste dump sampling returned >30% MnO. Shallow geometry ideal for low-cost extraction with full infrastructure in place.

10.4 Mt

Historic Tonnes

9.49%

Average Mn Grade

14.99 km²

Licence Area

>30%

Waste Dump MnO

View Project Details

Also in the Portfolio

Botswana UA92 · Uranium

Radiometric survey ongoing As of May 1, 2026

UA92 Uranium Project

Central District, Botswana. Seven 100%-owned prospecting licences targeting sandstone-hosted uranium in the Ecca Group. Drone-borne radiometric survey underway with results expected in 2026.

View Project Details

2,414 km²

Licence Area

7

Prospecting Licences

~6,630 km

Survey Line-km

113.7 Mlb

Letlhakane (analog, 20 km)

Work Program

Development Roadmap

Union Power Metals is in the early stages of advancing both Slovakia licences. The work program below represents our current planning intentions — specific activities and timing remain subject to review.

January 2026 ✓ Completed

Acquisition of Svabovce & Michalova Licences

Formal acquisition of both exploration licences in Slovakia — Svabovce (30.52 km²) and Michalova (14.99 km²) — establishing Union Power Metals as the licence holder for both deposits and initiating the regulatory compliance and technical review process.

Q2 2026 Planned

Confirmatory Drilling at Michalova

Confirmatory drilling program at Michalova to verify historic resource grades and begin systematic evaluation of the near-surface oxide ore and deeper carbonate seam. Likely to commence Q2 2026.

H2 2026 Planned

Metallurgical Testing & Resource Drilling

Metallurgical testwork to characterise the carbonate ore processing response for both deposits, alongside ongoing resource definition drilling. Program design will be informed by results from earlier confirmatory work.

Late 2026–2027 Planned

NI 43-101 Resource Estimate & Economic Scoping

Preparation of a NI 43-101 compliant technical report and resource estimate for the Slovakia manganese assets, followed by internal economic scoping work to evaluate development pathways.

Full Roadmap & Details →

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