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Because it has solid support and will likely get an EU Strategic project designation and can be a low impact low waste deposit.
The EU has set legal targets for 10% of its lithium to be extracted in Europe under the critical raw materials act and Zinnwald is likely to be in pole position. The act came into force yesteday.
Genuine question, why has this doubled the past couple of months when there is no significant news whatsoever, EV car sales are slowing and Lithium metal continues to drift at best?
Oooh...Thank you for sharing......
There will be a solid re rate soon.
To much buying pressure and good news..
Also sat pretty right in the middle of lithium buying country. 😁
Thats my buy at 10.11am x 10k definitely a feeling of momentum and the real possibility of a re-rate soon.
GLA LOR
I honestly think Cornish lithium is a vanity project and I live in the west country !
Good article showing all the potiecials for strategic status under the CRMA
https://www.linkedin.com/pulse/clean-energy-most-important-critical-minerals-iryna-dgvcf?utm_source=share&utm_medium=member_android&utm_campaign=share_via
Definitely the pick of the bunch for EU. Serbia Jadar not happing, Savannah's Portugal project got too much opposition and baggage and Cinovec not 100% owned by EMH, deeper and nature constraints potentially although I am not following the latest developments on that on.
Refrence this - EMH is actually finalising DFS now where as ZNWD is the end of the year like SAVs - EMH now has full local acceptance and plan to transion the coal jobs to clean jobs, a site big enough for a Gigafactory and just transition Fund Grant worth 49million euros due in Q2 and under the 42.3 price the European bank of reconstruction and development invested €6million euros (still hold all of it).
Both are gonna have big years ahead but I'm slightly heavier in the bigger futher advanced one
Https://www.mining.com/zinnwald-lithium-project-in-germany-now-eu-2nd-largest/
Critical raw materials act starts today - holding both of the above
Serious momentum here and serious rerate ongoing. And yet this has serious legs still comparing where it's got to in the past
Definitely the pick of the bunch for EU. Serbia Jadar not happing, Savannah's Portugal project got too much opposition and baggage and Cinovec not 100% owned by EMH, deeper and nature constraints potentially although I am not following the latest developments on that on.
Zinnwald could have little waste, the sand produced as a byproduct could have good use along with the fertililiser product and precipitated calcium carbonate. It ticks all the boxes for a strategic project application and I expect Anton is working on that now. No reason why this would not be a designated strategic project and it already has underground development in place and can be a low impact mine.
More blue today hopefully but I am long on this as the best European lithium deposit that will actually get to production and with a major industry partner for offtake involved already. DYOR
It’s coming together (finally) quite nicely if something expected in the works.
Am of the opinion that trump will create trade wars for eu, post the tariffs with eu and china, Eu needs its own dependency.
Similar to Cornish lithium for the uk, this could be the pick of the bunch for the eu.
Nice to see John and mr c still around!
Maybe this was up 20% at high point today that is what my broker has , this site 16% to a lesser 10.8p.
Broker has 11.20p but that could not be got.
Been climbing since the 9th April 2024 bottom of 5.6p which was a lot lower then my 17th January 6.74p buy .
Looks a good buy now .
The spike on 21st February 2024 to 7.55p caught a few,
I’m not sure about a mystery buyer but it certainly looks like, volume wise, some insider trading. Perhaps an announcement at the AGM in June is imminent.
Good question. Did they come back to you on that?
Not that I'm complaining (nice to see my holdings comfortably in the black) but would be very interested to know who's been piling in over the past few weeks. What do they know that I don't?
AMG are an extremely credible partner to ZNWD and they have a proven track record of taking mining development into production and to finish products. I think ZNWD will be the exemplar European based lithium project.
Further to my last, I have quite a few shares here mostly by accident, but I dont monitor this much on a week by week basis and am therefore very heartened to see AMG as the major shareholder with Ganfeng still quite small !
Normal AIM director then !!
Trouble is as we have seen Ganfeng likes bargain basement buyouts - lets hope this board can push back if the time comes !
Do you think if shortlisted under CMRA any grants would be availlible to znwd ?
ZNWD are producing a BFS. It’s considerable more credible than a DFS. I also don’t see ZNWD off taking with anyone else other than AMG and/or Ganfeng who both own a sizeable proportion of the stock in ZNWD.
BFS/DFS due ‘late’ 2024. as per RNS 7th March
When is Znwds DFS due?
Key point: Zinnwald is going to get to mining quicker than some of the the other projects because of the underground infrastructure.
I heard the CRMA takes effect this week (Thursday) as it is 20 days since it was published which is the statutory notice period from publication to being in force.
Europe is not self-sufficient in lithium. The European Union (EU) will need access to 18 times more lithium by 2030 and 60 times more by 2050 to meet projected demand for electric vehicles, which predominantly use lithium-powered batteries. While the EU has listed lithium as one of the 34 critical raw materials, its domestic production remains virtually zero. Efforts are underway to secure Europe’s supply of key minerals, including lithium, through initiatives like the Critical Raw Materials Act, which aims to ensure at least 10% of Europe’s lithium supply is domestically sourced by 2030