The latest announcement is out from European Metals Holdings Limited ( (AU:EMH) ).
European Metals Holdings Limited has announced significant progress in the development of its Cinovec Lithium Project, which has been declared a Strategic Project under the EU Critical Raw Materials Act and a Strategic Deposit by the Czech government. These designations will streamline permitting processes and provide support from European institutions, enhancing the project’s potential to supply critical raw materials for the EU’s transition to a low-carbon economy. Additionally, the project has secured a $36 million grant from the EU Just Transition Fund, conditional on environmental assessments, which will further support its development and potentially increase annual lithium production, benefiting from economies of scale.
More about European Metals Holdings Limited
European Metals Holdings Limited is involved in the mining industry, focusing on the exploration and development of lithium projects. Its primary project is the Cinovec Lithium Project in the Czech Republic, which is significant for its potential to supply battery-grade lithium chemicals to the European lithium-ion battery supply chain.
YTD Price Performance: 40.62%
Average Trading Volume: 225,654
Technical Sentiment Signal: Hold
Current Market Cap: A$46.68M
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