European Metals Holdings Limited (LON:EMH) said it had seen continued improvement to its lithium flowsheet over the last year and was confident it would improve recoveries in the year ahead.
The company said the preliminary feasibility study for the Cinovec lithium and tin project in the Czech Republic was ongoing. This study will model the production of higher value lithium hydroxide, the use of which is increasing in lithium-ion batteries. The study will take two months to complete.
“With the improved recoveries developed over the year, the project continues to improve and highlight why it is such an exciting development story in the heartland of the electric vehicle revolution,” the company said in its annual report statement on Friday.
European Metals also said it was supporting an initiative which will see battery and vehicle manufacturing taking place in the Czech Republic. It said that with car manufacturing accounting for roughly 9% of the Czech Republic’s GDP, it was an “obvious route to follow” and that it looks forward to further developments in this area.
The company added that the manufacture of large scale stationary storage systems in the Czech Republic is also an emerging area of interest.