Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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No - seriously - I prefer the new site = more logical as it has the capacity - don't really care now of the
"During the DFS process, it became apparent that after considerable consultation with local stakeholders and the municipal and regional governments the Dukla site possessed LIMITED CAPACITY and also limited support from the surrounding municipalities."
Skelly, an opportunity to ask you directly - have you got IBS, or, are you a woman who detests all things men - goto to be irritated by something 🥴🤔🤣.
You sure sound like one of my x-girlies with a serious chip on the shoulder - ahh, perhaps you are KC's ex - whatever - you're fired - sorry filtered.
Yea a coal power plant is just amazing for ESG figures
How is it good that the local population rejected your process plant construction and won?
Https://www.lse.co.uk/rns/EMH/land-secured-for-cinovec-lithium-plant-t49fns1djvwtcpw.html
also states
"The Company intends to exercise its 3 options and settle these land acquisitions after the re-zoning application has been successful, anticipated to occur in 2024."
and "Geomet signed the contracts having future options to acquire all necessary lands in Dukla location at total value of CZK966m (US$ 43.96m). EMH has provided a loan of CZK 121m (US$ 5.51m) to Geomet for its proportion of all deposits and option fees. The Company funded the loan to Geomet using cash at bank and anticipates that the remainder of the monies to be paid at exercise of the Option will be funded as part of the project financing for the Cinovec Project. Each of the contracts are unconditional."
Confirmation of the 're-zoning' application required and not all monies paid/full commitment due to options to be exercised in 2024 from what I understand - could pull out of the site - if any of it actually purchased then sell it !! New site smacks of intended increased production/processing capability. - that's good, imo.
How much money did EMH waste buying that land before even having permission to build a plant on it?
I remember KC telling us buying that land was proof the construction of the mine was going ahead. Now we find out they don't have permission to build there. And we find out from a news article before EMH even bother with an RNS.
F Me, how how useless is this leadership
I guess the rampers forgot how KC told us the delay to the DFS would have no effect on the timing of mining construction....
Try put a positive spin on that one. How does relocating and redesigning you processing plant and completely starting from scratch moving raw materials on an overhead cable system to the processing plant to then adding in an additional truck transport system to a rail loading/offloading bay not increase your timeline.
Explain how that's not either total incompetence or total lies?
Highlights
· The Prunéřov site has been selected for the lithium processing plant with the move expected to speed up the permitting process and expedite the Cinovec Project.
Speed up and expidite
· The Prunéřov site is anticipated to also enable positive outcomes for project economics including reductions in capex and opex per tonne as a result of optimalization of the engineering identified as part of the Definitive Feasibility Study ("DFS") process, and reduced demolition and clearance requirements.
Positive outcomes for our Economics
· The new site has received preliminary agreement and support from the municipal and regional governments.
Confirmed support from municipal and regional governments which we didn't clearly have before until today.
· Geomet will now proceed to finalise the DFS process taking into account the new site, including the revised capex from the new site.
Finalise... The largest majority of the DFS is complete.
Todays news was great and further derisked us towards being a major producer for the EU and Czech Republic - it also gave further emphasis on the move away from coal, which supports the purpose of the JTF 49mil grant to help replace coal jobs with clean jobs.
Theres also been alot of confirmation across the last interviews that CEZ, the government, and the bank are aligned and that the projects coming online. To think we still just bouncing off a 5 year low. Forget past delays and Ignore those blaming keith - the EU has been slow, until now and everything is on EMHs side from here moving forward.
"What has been clear in this process is the importance placed on this project by the community and Czech Government at all levels. In the European Union's Critical Raw Materials Act ("CRMA") environment, the coming together of both the Cinovec project joint venture partners and the Czech Government in the decision-making process with regards of the selection of the Prunéřov site provide a very strong foundation for our upcoming application for Strategic Project status under the CRMA."
Ladislav Štěpánek, Chairman of the Board of Directors of Geomet, stated: "Prunéřov is a suitable place for our project. It is an industrial location at a greater distance from populated areas where a lignite power plant is already operating. Building a processing plant in Prunéřov fulfils our philosophy of coal transformation, as it would provide enough jobs for the employees of the gradually closing coal mines and power plants located in the vicinity. Only an ore loading facility will be built at the original site at Dukla, from where we will transport the ore by rail to Prunéřov. I am glad that we have found an agreement with the municipalities and the region and can continue with the project at Prunéřov."
Strong and buy and hold - today's bashers have a clear agenda to spread FUD and lied today multiple times about time lines, funds and keith - re read the R
Think we're onboard with the project as will be but unfortunately KC nope
A very moot point Phil. As I’ve stated previously this project is not a simple one located in the middle of nowhere in the Aussie outback. It is complex socially, spatially and economically.
When you read the comments in the RNS however everyone now seems to be on board, well apart from some obviously…
2027
Just 2 items.
1. Will we get a grant without having a DFS compiled & available (is it not a precursor) ?
2. What’s everyone’s prediction for the revised DFS date?
Made in Europe - from mine to electric vehicle
https://youtu.be/Qm5YiUgkJew?si=ZzuC1U84yHqPEd-V
I just found and watched this from a month ago. The push for European mining is now to create more syphisocated cleaner mines and to produce fair metals is starting now. The documentary shines a light on the standard Europe will set and inforce at the boarder now for others who don't follow the same rules and produce high Carbon intensive dirty products and meterials. Powered by CEZs green energy Cinovec can be one of lowest cabon producing lithium mines on the planet ( Refrence the carbon footprint slide in the most recent presentation showing us without CEZ green energy, with and compared to Chinese mines and the Latin amaerican brines ) the talk alot local and region acceptance - today's Rns shows we have that. Which wasn't actually clear until today's Rns - we also have more space for the increase to 60,000 a lower opex and capax
Todays news was great, but the bashers tried to exasibate it like it was a restart of the DFS, completely untrue. And with the CMRA and everything on side, the timings never been better for EMH. Bring on the next pieces of Newsflow - especially the Grant that just seems to be not discussed and swept under the rug because it doesn't fit there gloom agenda. After it lands i can stop positing, until then when I have time il share key info for the genuine holders and call the lies out when it's blatant. Anyone less or not researched wouldn't tell the difference and would be detoured, when actually now the best time to be buying into the largest lithium deposit in Europe for the short medium and long term - especially when the 2 next alternatives have protest issues. Today's Rns derisked us of anything like the above happening at Cinovec and we can move forward.
Jan Losenický, Mayor of Kadaň, added: "We welcome the plan of ČEZ and Geomet to build a lithium plant in Prunéřov. People from our town who currently work in coal-fired power plants or mines, but which will be gradually downsized and closed, could find employment in the processing plant. The investor has promised to invest in the training and retraining of current employees so that they can be employed in the new sophisticated plant. We are glad that ČEZ will not leave the region with the end of coal but will remain one of the largest investors and employers in the region, also thanks to the lithium park project.
“As would be expected in such circumstances, we were unable to provide information on this matter whilst a revised project configuration was being formulated, due to social and environmental impact sensitivities and had to defer the DFS until the details of the new site were agreed,” Coughlan added.
“We understand that a deferral to a DFS is usually considered a negative matter, but in this case, we consider it to be for a positive result, particularly as the Prunéřov site is currently home to the Prunéřov Power Plant, and the permitting can now be advanced in a more timely manner with the cooperation of the local, regional and federal governments.”
Does anyone genuinely think that no work to incorporate this move into the DFS will have been done until this announcement was made? Or maybe it has been under review for quite a while - as is pretty much stated in the first paragraph quoted above?
Sorry wise, can you post the links that evidence the grant is expected in May?
EMH had applied but any funding was conditional on permits and there was no guarantee etc. see https://www.investi.com.au/api/announcements/emh/862b1293-d5d.pdf
TomC, good to see some calm analysis in a sea of kneejerks.
Overall, timeline and constructability should improve, and cost indications are an improvement.....so what's not to like...that is unless you are in this for a short fast buck?
The project still just about coincides with my plans of a part exit first quarter 2026, so I'll be hanging around for a couple of years yet ...👍
They’ll leave it in the ground - I do not believe the project is viable imo.
That’s certainly a positive Alex.
One would hope CEZ ownership would help shave some lost time off
"Prunéřov is the site of the former Prunéřov 1 Power Station, which was decommissioned in 2020 and Prunéřov 2 Power Station. The site is owned and operated by CEZ, the Company's project level partner."
In addition, they also have corresponding power lines and a power plant there. That would work in our favor.
I think with CEZ behind us the project will be implemented.
I’ve a genuine stake in the game here so I'm realistic with facts.
Of course we all know the Size of mine, Li % etc, we’ve heard the same talk for 5+ years here.
But such a big delay again (as an “investor”) means a negative.
Seems we’ve a battle here between ‘the bot’ & the ‘Ramp’ who can be the most extreme in their own opinions.
I genuinely don’t understand both your angles , one so desperate to destroy everything here & the other to roll everything in glitter
"During the DFS process, it became apparent that after considerable consultation with local stakeholders and the municipal and regional governments the Dukla site possessed LIMITED CAPACITY and also limited support from the surrounding municipalities."
could this mean the project will be on a larger scale sooner than later?
"The site, currently zoned for industrial use, is CONSIDERABLY LARGER IN SIZE than the Dukla site and should enable the processing plant to be laid out in a MORE EFFECTIVE (and anticipated less costly) manner, enabling BETTER AND FASTER CONSTRUCTABILITY"
If this "change" speeds up permitting process then FID will come sooner and construction will start sooner, and be built faster leading to production sooner?
Thats not forgetting ...
"The Prunéřov site is anticipated to also enable positive outcomes for project economics including reductions in CAPEX AND OPEX PER TONNE AS A RESULT OF OPTIMALIZATION OF THE ENGINEERING IDENTIFIED AS PART OF THE DEFINITIVE FEASIBILITY STUDY (DFS) PROCESS AND REDUCED DEMOLITION AND CLEARANCE REQUIREMENTS .
How long will this take ???
More lies happy - you've previously played the unhappy lth stance but it's clear your not and just made up come nonsense about capex
Keith Coughlan, Executive Chairman, commented: "While providing a good outcome for the surrounding communities, the decision to move the lithium processing plant from the Dukla to the Prunéřov site is expected to have a positive outcome on the capex and opex per tonne of the project due to the possibility of quicker permitting process and more effective layout of the processing plant.
The Just Transition fund 49mil grant is expected to land in May - applications closed on the 31st of December - we dropped for the delay in DFS from the 30s, but now are closer to grant and other near term news flow. Bashers have said this project won't come online for months and have made the BB unattractive from anyone new looking in.
DFS is majority complete, I don't mine if it's June July with other news first - the key thing today is also all the necessary regional and government support. Who else can actually provide the EU with lithium raw material self sufficiency? We're the largest, and no have full local, regional and government support confirmed.
Cmra and the net zero act are all for expediting projects just like Cinovec - we already have strategic stutus under the Just Transition fund.
EMH is Largest lithium deposit in Europe - the 5 largest non brine in the world, also a globally significant tin resource
Remember what were investing in - bashers not talking about the Tin price either that's currently not been included or what the increase from 30,000 to 60,000 will mean from the NPV and I turn the NAV vs the mcap
Theres also the 8bn gigafactory offer being negatioated at the moment...
https://english.radio.cz/government-discloses-plans-ev-battery-gigafactory-karvina-8810603
Dyor - the current price is an opportunity
People don’t talk about Mcap and grants because the project & DFS just got pushed back 12+ months.
Happyliuk - that is some Bs right there lol
40+ posts, majority clearly from people not in
Todays Rns, reduction of Capax and Opex, we already were at $5500 opex. DFS worth of the asset and deposit a largest majority complete as per the carbonate and hydroxide flowsheers, and all works that have happened up to now. They will be readjusted to the new site which is well known and not can be completed.
Also no one else speaking about the other pieces of near term news flow? Or what a derisking factor today's Rns was - impatient to those researched with a little bit more patience. Znwd is actually years of a DFS and has a slightly smaller mcap, will produce less from a smaller deposit... And doesn't have a grant bigger than the mcap coming
Todays news also helps with the planned increase to 60,000tpa with a larger site - who's producing that much in the EU at the moment? No one - we are a strategic project to the EU's self sufficiency and the 2 others SAV and Serbia have mass protests as hurdles
Dyor, the pessimism created the buying op in the first place - I feel. Sorry for the lths that have put up with this nonsense for so long. Report and ban the lies and disruption when it's clear that's what it is.
Why is no one else speaking about the grant more than the mcap?
Absolutely" Wiseinvestor". Some of the postings on here this morning are pathetic to put it mildly.
Wise,
I dont mean any haste at all, however it must be mentioned you’re showcasing a poor understanding of CAPEX projects and what is required, by continually countering / ramping via old (failed before) news.
I’ve personally worked on major CAPEX projects for a long time.
If i was part of the steering groups/stakeholders/board I’d be sat wondering how we begin to claw back such a negative schedule impact.
Black & white this is now a 2025 conversation