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Zinnwald Lithium Plc ( (GB:ZNWD) ) has issued an announcement.
Zinnwald Lithium plc has received significant recognition from the Saxon State Government, which has declared the Zinnwald Lithium Project as a ‘Project of Outstanding Importance.’ This endorsement highlights the project’s strategic role in ensuring a sustainable and independent lithium supply for Saxony, Germany, and Europe. The project’s economic viability is supported by a recent Pre-Feasibility Study, which projects a pre-tax NPV of €3.3 billion and an IRR of 23.8%. The Saxon government has committed to actively supporting the project, emphasizing its importance for regional competitiveness and the transformation of the mobility and energy sectors. This support is expected to bolster Zinnwald Lithium’s position as a key player in the European lithium market.
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 the Zinnwald Lithium Project in Germany, which is strategically located near Europe’s chemical and automotive industries and holds an approved mining license.
YTD Price Performance: -35.58%
Average Trading Volume: 591,034
Technical Sentiment Signal: Buy
Current Market Cap: £25.15M
For detailed information about ZNWD stock, go to TipRanks’ Stock Analysis page.