€49 million Grant - CRMA

https://single-market-economy.ec.europa.eu/news/executive-vice-president-sefcovic-hosts-high-level-roundtable-strategic-raw-materials-projects-2023-12-08_en?s=09

https://twitter.com/CzechLithium/status/1750112472483135495?t=FQ06IyNdDTszjSfRYaDSKw&s=19 spoken to above - MarosSefcovic at Cinovec in Jan.

Listen is opinion on lithium projects at 22.11 https://youtu.be/Lre-QtKXIhc?si=uUIzarzPFF1p1GeN

What has been clear in this process is the importance placed on this project by the community and Czech Government at all levels. In the European Union's Critical Raw Materials Act ("CRMA") environment, the coming together of both the Cinovec project joint venture partners and the Czech Government in the decision-making process with regards of the selection of the Prunéřov site provide a very strong foundation for our upcoming application for Strategic Project status under the CRMA."

https://twitter.com/MarosSefcovic/status/1780687644663685580?t=pjiy1ezdLKvsw7neOnwHDA&s=19

Another May major Green light would be strategic Strategic status under the CMRA - alongside the 49mil grant, still equal value to the mcap...

The CRMA has been formally adopted and will shortly enter into force. The act will legislate for shorter and simplified permitting processes for European critical raw materials extraction projects.

In addition, the CRMA will provide the framework for the designation by the European Commission and member States of projects deemed "strategic projects". Such designated projects will receive political and financial support to enable the projects to reach production in the shortest timeframes possible, contributing to the fulfilment of the green transition and affording the EU a degree of critical raw materials independence.

As Europe's largest hard-rock lithium mining and processing project, the Cinovec project is applying for and is expected to receive strategic project designation under the CRMA.

The project has already been granted strategic process status under the EU's Just Transition Fund.

https://www.euractiv.com/section/energy-environment/opinion/raw-materials-mining-in-europe-responsible-necessary-and-ready-to-deliver/

DFS being Finalised while the Gigafactory offer continues to be negotiated

https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/

To read that and think of last week's news

Sikela also revealed in November that Czechia is in discussion with five other potential EV plant investors “from other continents”. Fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in Czechia.”

Nothing stopping EMH now - others will start becoming aware after the grant lands or after strategic status buying for DFS Offtake and FID - continuing to accumulate while half the banks price

Have a good day all

European Metals Holdings (LON: EMH) says the latest metallurgical testing on the 49%-owned Cinovec lithium-tin deposit produced an exceptionally clean lithium hydroxide product. This was using average grade material. WH Ireland believes that fair value is 184p/share, and this will be updated after the feasibility study is published.