Rejoice holders of EMH! This is likely the most bullish signal that us the retail shareholders will get for now, until it is Cinovec's time to shine on the EU stage.
I know that this is for a different project in Czech Republic, however the logic is strong and all of the bullish sentiment does apply to Cinovec project as well:
1.
Both projects share strong ESG credentials, i.e. Cinovec's plan for usage of backfill material to remediate surrounding coal scarred landscape/overburden material, as well as utilising established underground mine instead of any surface impact;
2.
EBRD is a major shareholder in EMN and a major shareholder in EMH. Both projects have been stamped with "strategic status" by EU and EIB/EBRD.
3.
Both projects are in Czech Republic4.
Both project's deposits are local-based, unique deposits that are biggest in Europe.5.
Both projects are to support EU battery supply chain and are well advanced in the maturity.Re the announcement from EMN this morning:
(20min delay)