European Metals hails 'outstanding' update to Cinovec feasibility study
Annual production rises by 16% to 29,400 tonnes of lithium hydroxide using new mining method
Company
ASX:EMH
European Metals Holdings Ltd is an Australian and UK listed mineral exploration and development company with a clear aim to create a sustainable European lithium supply chain with low carbon footprint. At the heart of its strategy is to advance the Cinovec vertically integrated battery metals project in Czech Republic.
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Annual production rises by 16% to 29,400 tonnes of lithium hydroxide using new mining method
Cinovec is strategically well-located to supply the European car industry
"As we move closer to ultimate financing and offtake discussions, this higher degree of certainty provides more funding options for the project,” said executive chairman Keith Coughlan
Strong prices for lithium are likely to continue in the foreseeable future
Zinnwaldite is a micaceous mineral with highly complicated mineral chemistry. The other micaceous lithium mineral is lepidolite.
"Launching an ADS program in the United States signals a key milestone as we drive development forward at our Cinovec Project and boost visibility among US investors,” said Keith Coughlan.
Minviro will deliver the report in the third quarter of 2021
Cinovec hosts the largest lithium resource in Europe
Investors are currently keenly focussed on ESG issues
Highlights among the recent drill results included 88.2 metres averaging 0.60% Li2O and 0.17% tin, and 84.6 metres averaging 0.49% Li2O and 0.09% tin.
The company said the appointment of Lincoln Palmer Bloomfield Jr will deepen its understanding of environmental threats and emerging resource insecurity concerns
Acceptance to the NASDAQ International Program will accelerate the company's exposure to US shareholders
Here we take a deep dive into the mechanics of European Metals Holdings PLC (LON:EMH) (ASX:EMH), which in the Cinovec project has a tiger by the tail
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The group said its entry to the US-based OTC markets - and in particular the actively-traded OTCQX market - increases the ease with which North American investors can purchase European Metals securities
CEZ is 70% owned by the Czech state, employs 33,000 people and has an annual revenue of approximately €7.2bn.
The Cinovec project is strategically situated just across the border from major German car manufacturers
Chairman Keith Coughlan described SMS as “the ideal engineering partner” for Cinovec
Cinovec is a globally-significant hard rock lithium project
In an update for the three months ended June 30, 2020, the firm said during the period a €29.1mln investment in Cinovec by conglomerate CEZ Group was completed and project work will commence immediately