RE: Weekend research - Near term news flow27 May 2024 12:07
Https://www.linkedin.com/posts/david-tasker-03408485_following-the-confirmation-of-a-6-million-activity-7089937384460480512-_dqs?utm_source=share&utm_medium=member_android
A good interview after recieving the €6million investment from the European bank of reconstruction and developments at 42.3 - great opportunity at this stage while under that price approaching news
First call for strategic projects was last week and there should be update on the €49mil Just Transition fund Grant and the new date for DFS completion this week or next.
The country has also received a 8bn bid for a Gigafactory and EMHs new site is big enough for a Gigafactory also. News can come in relation to this anytime now.
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“The gigafactory project is one of the strategic priorities of the government, 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 the Czech Republic,” said Fiala said at a press conference on Wednesday
https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/
Czechia will host a EUR 7.9bn electric vehicle (EV) battery in Karvina, east Czechia, funded by a foreign investor, the Czech government announced on Thursday, 7 March.
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The first call for grant applications under the JTF opened on 14 November 2022 and closes on 31 December 2023.
Given the total amount which may be applied for by the eleven designated Strategic Projects in the Usti region in the first call is CZK 8.3B (approx €350M) and that the funds allocated in this first call from the Just Transition Fund to these Strategic Projects totals CZK7.3B (approx €300M), although there can be no certainty, the Company is confident that Cinovec will receive a significant portion of the funds applied for from the JTF for the Project.
Accordingly, Geomet s.r.o (the Cinovec project company) will apply for JTF Grant funding for the maximum amount of CZK 1.2B (approx €49M).
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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.
https://www.linkedin.com/posts/european-metals_petr-fiala-on-x-activity-7103677595589705730-uHz8?utm_source=share&utm_medium=member_android
https://x.com/MarosSefcovic/status/1793905804376174670?t=Gkkbc0uz3WboJX-9PbsOSg&s=19