Ann: Wolfsberg Project Definitive Feasibility Study Results, page-61

This looks promising. Discount on European lithium projects compared to projects located in Australia and America may decrease.

"The Critical Raw Materials Act aims at reducing the permitting time drastically.

“Member States should ensure that the permit granting process related to such projects does not exceed pre-set time limit,” the document reads.

“For Strategic Projects that involve extraction the length of the permit granting process should, considering the complexity and extent of the potential impacts involved, not exceed two years,” it continues.

These strategic projects will also receive additional financial support. The draft regulation assesses that “private investment alone is not sufficient” and states that the “effective roll-out of projects along the critical raw material value chain may require public support”.