The latest announcement is out from Zinnwald Lithium Plc ( (GB:ZNWD) ).
Zinnwald Lithium plc announced that its application for ‘strategic’ status under the Critical Raw Materials Act was unsuccessful. Despite this, the company remains optimistic about its long-term prospects as a significant contributor to European lithium supply. The project is recognized as strategically important to Saxony and has the potential to significantly contribute to the EU’s future lithium supply. The company is focused on completing its Preliminary Feasibility Study to demonstrate the project’s scale and potential. CEO Anton du Plessis emphasized the importance of local, sustainable lithium sources for Europe’s energy security, despite the setback.
More about Zinnwald Lithium Plc
Zinnwald Lithium plc is a mining company focused on supplying lithium hydroxide to Europe’s growing battery sector. The company owns the Zinnwald Lithium Project in Germany, which has an approved mining license and is strategically located in the heart of Europe’s chemical and automotive industries. The project has the potential to become one of Europe’s advanced battery-grade lithium projects.
YTD Price Performance: -25.15%
Average Trading Volume: 315,656
Technical Sentiment Signal: Buy
Current Market Cap: £28.95M
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