LG takeoff deal with Vulcan Lithium Brines just out !, page-3

"Can someone please advise what the holdup is with EMH."

Seems pretty obvious to me. Geomet is 51% owned by CEZ. That means:

A) CEZ doesn't care about us or EMH's SP. They feel no pressure to secure an off-take deal on our account.

B) CEZ is 70% owned by the Czech government. The Czech PM has promised voters that Czech lithium will go in Czech cars. Cinovec may wind up producing enough LiCO3/LiOH to supply more than just the Czech battery industry, but you can bet your ass that the first off-take deal from Cinovec will be with a Czech battery plant.

C) CEZ is currently in negotiations with VW/Skoda to build a new gigafactory in the CR. This is the obvious off-take partner. Obviously, off-take can't come before the factory is actually announced.