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European Metals Holdings Limited ( (AU:EMH) ) has issued an announcement.
European Metals Holdings Limited announced the completion of a Concept Study for its Cinovec Project, which suggests a potential increase in production capacity. This increase could enhance the project’s economics via economies of scale, but remains conceptual pending further evaluation in the Definitive Feasibility Study due mid-2025. The study maintains the project’s environmental footprint while proposing increased production without altering key infrastructure components. The results highlight the project’s importance in meeting the EU’s rising demand for lithium, reinforcing its strategic significance in the energy sector.
More about European Metals Holdings Limited
European Metals Holdings Limited operates in the mining industry, focusing on the development of the Cinovec Lithium Project. The company’s primary product is lithium, and it plays a significant role in contributing to the European Union’s goals of lithium self-sufficiency. The Cinovec Project is notable for being the largest hard rock lithium project in Europe, strategically located on the Czech-German border, with strong ESG credentials.
YTD Price Performance: -3.12%
Average Trading Volume: 61,144
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$32.15M
See more insights into EMH stock on TipRanks’ Stock Analysis page.