On August 26, 2024, KUNIKO submitted an application to be recognized as a strategic project according to the EU CRMA criteria.
The European Commission opened a call for applications on strategic projects under the Critical Raw Materials Act as of 23 May 2024.The first cut-off date of this call was on 22 August 2024, 12:00 CEST. The next cut-off date is foreseen for the 1st Quarter of 2025.
advantages of strategic projects 1. Accelerated Approval Processes: Strategic projects benefit from faster and more predictable approval procedures, which must be completed within a maximum of 15 months. 2. Financial Support: These projects have better access to funding opportunities and government support, which can attract investments and facilitate project implementation. 3. EU Independence: Recognizing strategic projects helps reduce the EU's dependency on raw material imports, enhancing economic independence and security. 4. Sustainability and Recycling: The CRMA promotes projects that significantly contribute to the recycling of critical raw materials and are conducted in an environmentally friendly manner, supporting circular economy practices. 5. Competitive Advantages: Companies that invest early in technologies and projects covered by the CRMA can secure clear competitive advantages, especially in sectors like electromobility and high-tech industries.
KNI Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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