GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
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Czech Prime Minister Petr Fiala said his government is looking to facilitate lithium mining as it is a strategic raw material for the recovery of the Czech economy. The Cínovec area, located 100km northwest of Prague, holds the largest lithium deposit in Europe. Geomet, a Czech company that is part of the energy giant ČEZ, is running the deep mining operation, which is expected to start between 2026 and 2028.
EMH near term news flow
- April announcement stage
Geomet and DRA Global were reviewing the findings, with an announcement expected before the end of April outlining significant improvements and developments
The EU should announce there 17 strategic projects next week if not the week after - As Europe's largest hard-rock lithium mining and processing project, the Cinovec project is applying for and is expected to receive strategic project designation under the CRMA.
The project has already been granted strategic process status under the EU's Just Transition Fund.
Or connection to the new Czech Gigafactory
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
Sikela also revealed in November that Czechia is in discussion with five other potential EV plant investors “from other continents”. Fiala said, “the gigafactory project is a strategic government priority, and it is in our interest to have the entire chain from lithium mining through the gigafactory, i.e. battery production, to the final products in Czechia.”
The 49mil Grant in May - still worth more than the whole mcap currently - the grant brings them into first stage production faster in 2026 circa 30,000tpa.
https://youtu.be/3Tl6Q4-5EOo?si=YW91Dtx6qAlOvPuU
2 interviews where he actually says I think by accident that they have received the 49mil grant - this one and this one - https://youtu.be/QeLlbp1vzI8?si=CBcLhkYE9bJvGHP7 3.33 in the first 4.54 in the second
All of the above and are major catalyst that should see us back to the 42.3 price the bank paid - fell from the 30s in late December for a delay
Upgrades to increase production to 60,000tpa at some point - Major Numbers + inclusion of the Tin
DFS\Offtake may/june
Government and Major backed - fully funded to FID - funded and partners with the European investment bank who Paid more than double the current SP.
This makes Cinovec the largest hard rock lithium deposit in Europe, the fifth largest non-brine deposit in the world and a globally significant tin resource.
36mil mcap - IMHO based on the above will do really well short medium and long term from here
Morning, hope everyone's well
The CRMA was officially signed at the end of March - looking forward to hearing more shortly - in well time for the April announcements.
Interviewer "Your partner on the project is CEZ, the czeck utility company, major utility company - are they aligned with what you and your company want to do with the development of this project?"
Keith "Absolutely, you know CEZ is a very big organisation, but the key people from CEZ from our perspective are very much aligned with us in terms of the timelines of bringing this project to fruition as quickly as possible - its very positive for them, you know, they still have aspirations about being involved in a gigafactory - a battery factory in the Czech Republic."
"They are very much aligned with green energy, they have been moving away from coal for many years now and have an acting winding down programme. They have many green assets themselves, wind power, solar farms ect and they have commited, to provide green energy to this project, and they would very much like the see the project move ahead as quickly as we would like to see it move ahead."
"They have been very helpful in country, they obviously have significant in country resources, and significant in country experience, which is proving to be invaluable for us, and i think more will come of that as we come to this announcement stage at the end of April"
Any Giga factory in the Czech Republic will go through CEZ, the state power company. How many other company's are backed by 70%government owned Majors. Details on the gigafactory can also come at anytime.
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Geomet and DRA Global were reviewing the findings, with an announcement expected before the end of April outlining significant improvements and developments
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This review process could significantly improve the economic and social/community outcomes. Geomet considers this to be an important development in the Project and makes a further delay in the DFS well justified.
The SP was in the 30s in December, a fall for the delay is the impatient to the patient - still less that half the price that Bank paid...still less than the value of the Grant. Undervalued and bouncing off the bottom approaching news
Https://www.linkedin.com/feed/update/urn:li:activity:7185872066867265536?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7185872066867265536%29
The European mining industry is on the brink of a significant development phase in the short and medium term. This is especially true following the European government's recent approval of the Critical Raw Materials Act, a project initially proposed by the European Commission a year ago. Once signed by the President of the European Parliament and the President of the Council, the act will officially come into effect 20 days after publication in the Journal of the European Union. This approval holds great importance for European mining ambitions and the participation of member states in the energy transition. The act's approval paves the way for strategic extraction activities for advancing green technologies, as outlined in community plans, through the extraction of minerals deemed "critical" for Europe's environmental sustainability. This act is widely acknowledged as one of the key tools to help Europe achieve its goals of climate neutrality and the European Green Deal.
Meaningless.
When will the DFS drop? Where are the offtake agreements?
BYD is investing heavily in mines.
Easiest route for China to get a more secure foothold in Europe - via battery materials supply chain.
Why are poo-liticians in the West so damned slow to realise the strategy of Chineses multi-nationals and its politics.
Ticking up fast
Yes thetre does seem to be a flurry of activity, whispers???
Low and behold the rally that started on the 11th of April on AIM , I think came from here .
We thank you for your message dated 4 April 2024 addressed to the General Secretariat of the Council of the European Union.
The Critical Raw Materials act was signed by the Council and the Parliament on 11 April 2024. You may wish to follow the procedure on the following web site:
https://eur-lex.europa.eu/procedure/EN/2023_79
Somehow it was not signed on the 18th of March
The Public Information Service
General Secretariat of the Council of the European Union
Contact: https://www.consilium.europa.eu/en/infopublic/
Disclaimer: The information provided has been prepared by the Public Information Service of the General Secretariat of the Council of the EU and may not be regarded as constituting an official position of the Council.
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Buyers keep returning as some lose their positions
40p plus incoming
With such big news inbound, as we had in 2021, this should be double the current price