European Metals Holdings Limited (AU:EMH) has released an update.
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European Metals Holdings Limited announces the strategic relocation of their Cinovec Lithium Processing Plant to the Prunéřov site, which is expected to enhance project permitting speed and improve overall project economics. The new location provides significant advantages, including reduced capital and operational expenditure, and has received preliminary agreements from local and regional governments. The company is adjusting its Definitive Feasibility Study to reflect the changes associated with the move to the industrially zoned Prunéřov site, which promises a more efficient plant layout and faster construction.
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