Proactive Investors - Run By Investors For Investors

European Metals confident of improved recoveries in 2018/19

The company said that the manufacture of large scale stationary storage systems in the Czech Republic is also an emerging area of interest
European Metals confident of improved recoveries in 2018/19
European Metals has seen continued improvement to its lithium flowsheet over the last year

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.

READ: European Metals Holdings updated preliminary feasibility study should be ready in two months

“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.

View full EMH profile View Profile

European Metals Holdings Timeline

Related Articles

Process plant
May 16 2019
AfriTin Mining Limited (LON:ATM) is developing the Uis tin project in north-west Namibia Phase 1 will see process 500,000 tonnes of ore per annum processed This will produce 60 tonnes of tin concentrate per month. Phase 2 will see capacity rise to 3mln tonnes per annum, producing the 5,000 tonnes of tin concentrate
Carmel Sapphire
June 07 2019
The Israel-focused exploration firm says its main strategy is to focus on exploration targets that it deems to have the highest upside that can be brought to production at relatively low cost
Helsinki
April 01 2019
In addition to the Mogale alloys plant, Arafak also runs the Stellite, Mecklenburg and Vlakpoort mines

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use