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European Metals Holdings Limited ( (AU:EMH) ) just unveiled an announcement.
European Metals Holdings Limited has announced significant progress in the development of the Cinovec Lithium Project, highlighted by the approval of a USD 36 million grant from the European Union’s Just Transition Fund. This grant underscores the project’s strategic importance in the EU’s clean energy transition and is contingent upon the completion of an Environmental Impact Assessment by the end of 2025. The company is advancing its Definitive Feasibility Study and environmental permitting, with the project being recognized as a key asset for both the Czech Republic and the European Union. The financial support and regulatory advancements are expected to bolster European Metals’ position in the lithium market, benefiting stakeholders and aligning with the increasing demand for lithium in Europe.
More about European Metals Holdings Limited
European Metals Holdings Limited is involved in the mining industry, focusing on the development of the Cinovec Lithium Project in the Czech Republic. The company is engaged in the exploration and development of lithium resources, which are crucial for the clean energy transition in Europe. The Cinovec project is recognized as a strategic asset by both the European Union and the Czech Government, emphasizing its importance in the supply of critical raw materials for battery production.
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