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.
Zinnwald Lithium Plc ( (GB:ZNWD) ) has provided an announcement.
Zinnwald Lithium plc has published a Pre-Feasibility Study (PFS) for its Zinnwald Lithium Project in Germany, indicating strong economic potential with a pre-tax Net Present Value of €3.3 billion and a post-tax Internal Rate of Return of 19.8%. The project, which aims to become one of the largest integrated lithium operations in Europe, is designed to support the growing demand for battery-grade lithium hydroxide, driven by electric vehicle adoption and energy storage needs. The PFS outlines a two-phase development strategy, with Phase 1 targeting an annual production of 18,000 tonnes and Phase 2 doubling this capacity. The project emphasizes sustainability with plans for underground mining to minimize surface impact, recycling process water, and integrating renewable energy. This development positions Zinnwald to significantly contribute to Europe’s lithium supply chain, offering substantial economic benefits and employment opportunities.
More about Zinnwald Lithium Plc
AIM-quoted Zinnwald Lithium plc is focused on becoming a significant 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 has the potential to be one of Europe’s more advanced battery-grade lithium projects.
YTD Price Performance: -41.10%
Average Trading Volume: 582,436
Technical Sentiment Signal: Buy
Current Market Cap: £22.78M
For a thorough assessment of ZNWD stock, go to TipRanks’ Stock Analysis page.