New 8Bn Czech Gigafactory

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

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.”

Entire lithium chain means EMH - which the prime minster keeps expressing is the plan

https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region

https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html

The largest lithium deposit in Europe ( 5th largest non brine in the world), soon be announced as one of the EUs 17 strategic projects under the CMRA- looks like they will receive a €49mil non dilute Grant in may ( more than the mcap) - Will likely be involed with this new in country 8bn Gigafactory - DFS and Offtake expected in Q2 and bouncing off nearly a 5 year low priced to fail - Fully funded to the Final investment decision this year by a 17bn Major partner ( who 70% owned by the government and is the state power company) forgotten gem, high reward imho unless it just gets left in the ground which doesn't look the case, if comes online is Disallowed +

The European investment bank bough 6million at £0.423 triple the current price after 9months of DD - having the bank as stretegic partner will contribute to FID - they wouldn't have invested after 9 months if they didn't have the certainty it would be coming online

https://www.lse.co.uk/rns/ebrd-strategic-investment-in-emh-2lb5dkczzbh7j7n.html

https://www.dw.com/en/lithium-the-czech-republics-white-gold-rush/a-66821017

Ps, I miss australia so much