Up 650% in 12 months, why the Euro Manganese (ASX:EMN) share price lifted higher today

The Euro Manganese Inc CDI (ASX: EMN) share price has surged 8.8% to 68 cents today after the company posted a series of positive investment results in its tranche placement announcement. More impressively, it’s up 655% over the past 12 months as one of the relatively few manganese producers worldwide.

Let’s take a closer look at what’s driving the battery minerals company today.

What did Euro Manganese announce?

Today’s Euro Manganese share price movement follows news of its closure of the first tranche of its $30 million private placement.

The tranche comprised the sale and issue of around 41.6 million…