Peer Comparison | Union Power Metals

Live Market Data

Peer Share Prices — Updated Live

Real-time share prices across the manganese developer and producer landscape. Prices provided by TradingView and update during each exchange's trading hours.

Project Economics

Disclosed Project Economics Across the Peer Group

Publicly-disclosed project facts from each company's own filed technical reports, corporate filings, and press releases. All figures represent the peer's own disclosure for their own project — Union Power Metals has not completed a Preliminary Economic Assessment (PEA), and the figures below do not represent any valuation of Union Power Metals' own projects.

Company	Project · Jurisdiction	Resource	Stage	Disclosed Economics	Source
HPMSM Developers (Pre-Production)
Union Power Metals CSE:UPPR	Svabovce + Michalova Slovakia (EU)	24.3 Mt Combined GKZ historic*	Historic Est. Confirmatory drilling Q2 2026	No PEA yet — NI 43-101 report planned for late 2026 / 2027.	Our technical reports →
Euro Manganese TSXV:EMN · ASX:EMN	Chvaletice Czech Republic (EU)	26.96 Mt M&I @ 7.33% Mn Tailings reprocessing; 5.86% soluble Mn	FS Jul 2022 EU CRMA Strategic Project; Mining Lease Jan 2025	Post-tax NPV₈ US$1.34B · IRR ~22% CAPEX US$757M · LOM 25 yrs · 100,000 t/yr HPMSM + 15,000 t HPEMM	mn25.ca ↗
Giyani Metals TSXV:EMM	K.Hill Botswana (FTA-equivalent)	See filed PEA Near Kanye; open-pit	PEA Jul 2023 DFS due Q2 2026; EXIM US$225M under discussion	Post-tax NPV₈ US$984M · IRR 29.4% CAPEX US$284M · LOM 57 yrs · ~80,000 t/yr HPMSM	giyanimetals.com ↗
Firebird Metals ASX:FRB	Oakover + China HPMSM pilot Australia / China	176.65 Mt @ 9.9% Mn 105.78 Mt Indicated + 70.87 Mt Inferred (JORC)	Scoping Study Fully permitted; demonstration plant + China pilot	NPV A$741.3M · IRR 73.1% LOM 18 years (DMS concentrate scoping)	firebirdmetals.com.au ↗
Manganese X Energy TSXV:MN	Battery Hill New Brunswick, Canada	See filed PEA ~194 Mt broader Woodstock area (historical reference)	PEA Jun 2022	Post-tax NPV₁₀ US$486M · IRR 25% CAPEX US$350M · LOM 40 yrs · 68,000 t/yr HPMSM avg	manganesexenergycorp.com ↗
Element 25 ASX:E25	Butcherbird + Louisiana HPMSM Australia / USA	Mine in operation Expansion to 1.1 Mtpa	Mine producing Louisiana HPMSM refinery in construction; first shipments 2026	Butcherbird expansion: Pre-tax NPV A$561M · IRR 96% CAPEX A$64.8M; Louisiana plant US$290M (US$166M DOE grant); GM + Stellantis offtake	element25.com.au ↗
Black Canyon ASX:BCA	Balfour Manganese Field Pilbara, Western Australia	315 Mt @ 10.5% Mn 33.1 Mt contained Mn (global JORC, Oct 2025)	Scoping Jul 2024	Pre-tax NPV A$340M · IRR 70% CAPEX A$84M · LOM 16 yrs (KR1/KR2 deposits)	blackcanyon.com.au ↗
Canadian Manganese TSXV:CDMN	Woodstock (Plymouth + Hartford) New Brunswick, Canada	~146 Mt historical* ~75% of 194 Mt Woodstock area (not NI 43-101 compliant)	Pre-PEA NI 43-101 resource estimate planned	No PEA completed	canadianmanganese.com ↗
Manganese Recycling / Circular Model
American Manganese TSXV:AMY	RecycLiCo pilot Canada / USA	Recycling model (no mineral resource)	Pilot/Demo	Battery recycling feedstock model — different structure from mining juniors	americanmanganeseinc.com ↗
Major Producers (for Market Context)
South32 ASX:S32	GEMCO + Wessels/Mamatwan Australia + South Africa	World's largest Mn producer	Producing	5.2 Mt ore FY26 guidance GEMCO 3.2 Mt + South Africa 2.0 Mt	south32.net ↗
Jupiter Mines ASX:JMS	Tshipi Kalahari, South Africa	~2 Mt/yr producer	Producing	Joint venture; major seaborne ore supplier	jupitermines.com ↗
Eramet EURONEXT:ERA	Comilog Moanda Gabon	Major Mn ore producer	Producing	Sets Gabonese lump benchmark price (CIF China); Gabon 2029 export ban may reshape market	eramet.com ↗

Notes

How This Table Is Compiled

Live prices come from TradingView's free market data feed and reflect each exchange's most recent trade. Prices update automatically during exchange trading hours.
Project economics (NPV, IRR, LOM, CAPEX) are each company's own disclosure from their filed technical reports (NI 43-101, JORC) and press releases. Click the source link in each row to review the full filing.
Union Power Metals has not completed a PEA and makes no economic claim about Svabovce or Michalova. The 24.3 Mt figure is a historic GKZ estimate — not an NI 43-101 compliant mineral resource.
Nothing on this page is an offer, solicitation, investment advice, recommendation, or forecast. Past performance is not indicative of future results. Peers are shown for industry context only.

⚠ Important Disclosure: The mineral resource figures referenced for Union Power Metals' Svabovce and Michalova projects (24.3 Mt combined) are historic estimates originally published by the Slovak State Geological Institute (ŠGÚDŠ) under the GKZ classification system. These historic estimates are NOT NI 43-101 compliant mineral resources. A qualified person has not done sufficient work to classify the historic estimates as current mineral resources or mineral reserves, and Union Power Metals is not treating them as such. A NI 43-101 Technical Report for the Slovakia manganese assets is planned for Q4 2026 / Q1 2027.

Economic figures (NPV, IRR, LOM, production targets) cited for each peer company are drawn from that company's own publicly-filed technical reports and press releases — they apply only to those peers' projects and do not represent any analysis, valuation, or forecast of Union Power Metals' own projects. Nothing on this page constitutes an offer, solicitation, investment advice, or recommendation. Past performance is not indicative of future results. Please consult a registered financial advisor before making investment decisions.