Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Zinnwald Lithium Plc ( (GB:ZNWD) ).
Zinnwald Lithium plc has been granted a new exploration licence, the Liebenau Licence, covering approximately 2,997 hectares in the Erzgebirge region of Saxony, Germany. This licence completes the company’s coverage for its planned operations, including the site for a processing plant and tailings storage facility, and facilitates the next phase of work towards a Definitive Feasibility Study. The project has a pre-tax NPV of €3.3 billion and an IRR of 23.8%, with plans to produce up to 35,100 tonnes of lithium hydroxide annually, highlighting its economic viability and strategic importance, further bolstered by support from the Saxon government.
More about Zinnwald Lithium Plc
Zinnwald Lithium plc is a mining company focused on becoming a key supplier of lithium hydroxide to Europe’s rapidly expanding battery sector. The company owns 100% of the Zinnwald Lithium Project in Germany, which is strategically located in the heart of Europe’s chemical and automotive industries, and is poised to become one of Europe’s more advanced battery-grade lithium projects.
YTD Price Performance: -26.38%
Average Trading Volume: 646,779
Technical Sentiment Signal: Strong Buy
Current Market Cap: £28.47M
Find detailed analytics on ZNWD stock on TipRanks’ Stock Analysis page.