focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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JTF discussion was due yesterday with the RSK, it's been kicked to 03-06-24.
https://www-rskuk-cz.translate.goog/47_rsk/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
"The last meeting of the RSK ÚK regarding the discussion and issuance of an opinion on the strategic projects of the Just Transformation Operational Program is on the agenda for June 3, 2024. The members of the RSK ÚK are awaiting a discussion on the strategic projects Lithium mining at Cínovec and H2Triangle."
Updated progress chart here, page 6.
https://www.rskuk.cz/wp-content/uploads/4_MZP_RSK-ULK_OPST_20240515.pdf
The Czech government is doing everything possible to launch lithium mining in the Krušné hory (Ore Mountains), PM Petr Fiala said during the cabinet's visit to the Ústí nad Labem Region on Wednesday. Fiala added that cooperation between the investor and the regional government was essential.
Fiala sees the mining of lithium, which is used to produce car batteries, as a strategic raw material and essential for the restart of Czechia. According to Industry and Trade Minister Jozef Síkela, negotiations with three investors to build a car battery factory in the Czech Republic are at an advanced stage.
This was from November before the 8bn big in March - coincidentally the exact same time Telsas Berlin protests broke out
Telsa were due to announce the location of the new additional European Gigafactory at the end of the 2023 and are still yet to do so.
Cinovecs involvement in any 8bn Czech Gigafactory is huge - futher details can come at anytime
The recording of the Raw materials summit from earlier today
https://www.youtube.com/live/KAlSj_xOBnI?si=2BJbcJ6Mk8IeubKF
https://twitter.com/MarosSefcovic/status/1790714700814041475?t=RvIGDrYMV4fDHbGv1SwCSw&s=19
Critical raw materials act starts on May 23rd
https://www.euronews.com/green/2024/05/09/critical-raw-materials-lithium
https://www.linkedin.com/posts/european-investment-bank_eibventuredebt-bluechampions-venturedebt-activity-7196076871883583493-xdKy?utm_source=share&utm_medium=member_android
It won't let me send the file but if you search - (CMRA opportunity - challenged viability and next steps) for lithium mining they only have 5 assets on the map - Cinovec is one - and 10 for processing were Cinovec is also included - the only one that covers both.
Research is king while still under the European Bank 42.3 price and with the Just Transition funds grant on the way - especially when all useful info shared gets intentionally covered up
I personally feel so peaceful with my investment here going forward knowing the Asset Cinovec Is what we're invested in knowing the fuse is lit on multiple big catalysts that only get closer everyday - listen to the Raw materials summit from today - EU World class standard mining is coming - the US has moved incredibly fast since the IRA and CMRA is the EU's equivalent. You can move gigafactorys but you can't move mineral deposits - and Cinovec is by far the largest lithium deposit in Europe looking to produce Major numbers - especially compared to the current cap. Grant, offtake and DFS completetion can all rerate the share price and then Cinovec is at FID. Full local acceptance was a subtle but major green light.
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.
All ducks are lined up for EMH to succeed - I shared lots of details yesterday about who the 8bn gigafactory bid could be from
Night all - Atb
Critical thinking? With a comment like that I'd start with the basics mate.
The DFS is a work in progress in an advanced stage. Circumstances have affected its finalisation.
But why does it bother you so much as you're not invested in EMH?
JASPERs is Joint Assistance to Support Projects in European Regions.
"JASPERS, a partnership funded by the European Commission and the European Investment Bank, advices on strategies and projects that contribute to a greener, more connected, and more innovative Europe. Our support help beneficiaries align their projects with the highest EU standards, improving their chances of securing EU funding."
Lol Phil. Are you saying the DFS is complete and only fingers as access to it? Wow. I guess we should just eat up everything he says without any critical thinking.
I don't need to try harder because I'm pointing out fingers statements are based on IFs. Lol
He's the one stating hypothetical scenarios as being facts. I'm pointing out how they aren't.....
Skelly seems to think that something only exists when it is published. At that point it just IS, like the Big Bang, and prior to that singularity there is nothing.
There seems to be a prerequisite to thinking with your brain. I wonder if he can work out what it is?
IF yer maw had baws she’d be yer father. Try harder……
Everything might be positive about the DFS apart from the fact it still doesn't exist 7 months after it was supposed to be released to the market.
With regards to the revising of the DFS (WHICH DOESNT EXIST) shortening permitting timelines. IF the DFS is delayed by 1 year, and the permitting is shortened by 6 months, then the permitting takes 6 months longer with a revised DFS. Since there is no DFS and no timeline as to when there will be, There is no way anyone can say its gonna speed up permitting.
This is just marketing BS. Think with your brain guys.
Looks like you covered everything fingers 👍. Well done
Nope. It’s a goner imo.
Very right Greenmachine .
EMH very comfortable about Future and time lines .
DFS time line known in 2 weeks to a month .
All changes to DFS are very favorable .
All new changes to DFS and site will shorten all permitting , build and production time lines .
Geomet to lease site from CEZ .
Three block rights ( cost $10 mil ) will be closed out for old idea , one block will remain , expected a return of aprox 10 mil paid capital , to Geomet which was loaned by EMH .
Restacking tailings will still happen with return rail carts of minimum 35% not sure where the balance 65 % goes , but maybe good road base .
Just fund 1st hurdle to be announced this month . Will be aproved by JASPER ( don't who this is ) one month later aproval from Regional area , and one month later by Federal Gov , time line to funds in bank July .
Still looking at Offtake B4 DFS and possibly 2 from EU based Companies . My guess LG and CEZ
Permits are broken into 2 categories Processing and Mining , Processing is a new application for new site , Mining has been acccepted some time ago , but both need to be applied for at same time and can only officialy be done after DFS but well infront of time curve .
We tick all boxes to ERBD which we report on monthly basis .
Both EIB and ERBD will fund project ( probably 75% as i have stated B4 )
Apparently normal now to get financial assistance with offtake partner .ie some prepaid or equity deal in Geomet .
Geomet not sure at this stage , what percentage of production will be locked up with a floor and ceiling with offtakes . ( great in my terms )
Cash flow : EMH have enough til DFS , ie no cap raise until FID . EMH currently have $5 mil in bank .
Geomet revising budget but expect Just fund in July , so plenty there too , with a property refund as well .
CEZ not allowed take over at all until construction decision , if dead lock , it goes to independant evaluation .
Catalysts , Macro , EU just very slow but is happening both EU and in country .
Micro , What is DFS , what is increased production , KC hinted a five in front of tonnes , thouth he was being conservative , probaly the 60 k tonnes already mentioned in past .
Be prepared for possible increase of both Capex and opex , our numbers 3 years old .
it has become normal now for offtakers to provide finance assistance , all Europe will be buying our Lithium .
Total length of permitting Period only after DFS , CRMA will assist no end .
Howard , reiterated at very start about broker valuation and particularly Ireland's , are 4 to 6 times current Market Cap ie in the $2 ( two dollars mark ) aud ( one pound above mark ) .
Very good exciting times in next few months , the new site had been included in current DFS for three months already . A couple of site visits will need to tweak the DFS .
Didn’t realise you couldn’t post here if you don’t hold. Where is that rule written?
I absolutely want to see evidence given the “difficult” track record.
Why do you want to see evidence of the grant? You're not even invested in the Company.
From the end of July you’ll see it….
Show me in EMH financial report the revenue from the grant.
Https://youtu.be/oGm5QW2Dk_M?si=NcOsVw0ev2Cq7GP5
Last Refrence to the 49mil euro Grant in the interview above - that they have been pre approved and that the money will become avaliable to them in May.
https://youtu.be/3Tl6Q4-5EOo?si=kLIt1HsUnp_sAA1E
In this one and another keith says they have recieved a 49million euro grant.
There €1.6bn for the Czech Republic and €650 for the Usti region.
"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."
Have a good day all - closer and closer to news on multiple fronts with nothing priced in - and the new site set to help expidite the project
Looking at this from 9th May 2024, someone has already received their grant...
OFFALYEXPRESS > LOCAL NEWS
KDA thrilled to receive €294,056 EU Just Transition Grant.
Grant will enable the establishment of a Renewable Energy Centre of Excellence
Reporter09 May 2024 10:25 AM
KILCORMAC Development Association (KDA) is thrilled to announce the successful grant application to the EU Just Transition fund, receiving a significant award of €294,056. This funding marks a major milestone in the transformation of Kilcormac into a pioneering hub for sustainable energy practices through the newly established Kilcormac Renewable Energy Centre of Excellence.
~~~~~~~~~~~~
We could get ours this week, this month then.
Exciting times.
Thanks for posting NikNaks. I will be reading that tonight.
🤣. Maybe you're positivity is getting in the way of you understanding the point of my comment. If someone invested in EMH last summer because they were "positive" about the DFS timeline then their positively wouldn't have helped them. Is someone invested in EMH this Q1 based on their positivity of a Q1 DFS, this wouldn't have helped them either .....
And FYI, these aren't isolated cases. It's a well founded pattern with EMH that the things they say will happen never do.
Huh!
I wasn't invested in 2023.
Nice try, you must do better.
Interesting perspective. How did that positivity work out with the Q4 2023 DFS?