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Compliments sporzene on HC
a bit more detail on this legislative change in CZ that is certainly moving things in our favour. It will be signed in from January 1st so presumably aligned to the CRM act and some of wording looks to pick up on the provision from the act as it relates to strategic projects.
https://restartceska.cz/vystavba-strategicky-vyznamne-infrastruktury-se-urychli-poslanci-schvalili-novelu/
Plausible reasons for change to Carbonate .
https://www.theassay.com/articles/feature-story/the-lithium-tug-of-war-between-evs-and-stationary-storage/
Unusual notice ?
https://www.chemanalyst.com/NewsAndDeals/NewsDetails/european-metals-responds-to-lfp-battery-demand-by-shifting-focus-23399
European Metals still aiming to publish DFS this year
https://finance.yahoo.com/news/european-metals-still-aiming-publish-103221458.html
CEZ luring car-battery producers as lithium mine decision nears
https://www.mining.com/web/cez-luring-car-battery-producers-as-lithium-mine-decision-nears/
Getting some notice
European Metals Holdings Ltd - Czechia-focused mineral exploration and development company - Says pilot programme has "confirmed industrial viability" for lithium chemical plant process flowsheet at Cinovec project. Says "exceptionally clean battery grade lithium carbonate produced". "Work to produce battery grade lithium hydroxide monohydrate is underway," the firm adds. Cadence Minerals PLC, a 5.6% shareholder in EMH, notes the announcement.
https://www.investing.com/news/stock-market-news/european-metals-shifts-to-lithium-carbonate-production-amid-lfp-battery-demand-93CH-3228508
https://www.investegate.co.uk/announcement/rns/cadence-minerals--kdnc/corporate-update-european-metals-holdings/7870929
https://www.youtube.com/watch?v=oSZKnrw67Pg&ab_channel=FinanceNewsNetwork
I like the idea that we will be doubling production after dfs released , add $30,000 a tonne USD , this will be a very big cash cow , even if the costs blow out a little . Ie sell $30 K , cost $10 k profit $20 k at 60,000 tonnes ie $1.2 bil profit at 50 % with a pe of ten , EMH valuation $6 billion market cap
Doubling of production to 60,000 tonnes yeh baby any price target we had , double it . Offtake soon , Tesla needs some for their factory in Germany .
On Wednesday, the Volkswagen Group announced that it is withdrawing from the project to build a so-called gigafactory for electric vehicles in the Czech Republic. According to the Czech Minister of Industry, Jozef Síkela, the government is in negotiations with five investors from different continents regarding a similar plan.
https://tvpworld.com/73831664/volkswagen-shifts-gears-abandons-czech-gigafactory-plans
Industry minister Jozef Sikela said talks were happening with five investors, with two of those projects on a similar scale to Volkswagen's plans.
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/volkswagen-puts-off-east-european-gigafactory-amid-sluggish-ev-demand/104902199?utm_source=Mailer&utm_medium=newsletter&utm_campaign=etauto_news_2023-11-02&dt=2023-11-02&em=cmhvbG1lczIwMTBAZ21haWwuY29t
Read more at:
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/volkswagen-puts-off-east-european-gigafactory-amid-sluggish-ev-demand/104902199?utm_source=Mailer&utm_medium=newsletter&utm_campaign=etauto_news_2023-11-02&dt=2023-11-02&em=cmhvbG1lczIwMTBAZ21haWwuY29t
For you Happy : Where Does Tesla Get its Lithium? (Updated 2023)
https://investingnews.com/where-does-tesla-get-lithium/
Let them all pay spot I say green machine they will all be begging in the future , and if they don't , stockpile until they do , simples .
You are forgetting Tesla ceskej.pupkac .
Volkswagen is not yet interested in building a battery factory near Líní in Pilsen. The management of the concern told this to members of the government at Monday's meeting. The result of the negotiations was finally announced by the concern itself on Wednesday, although the government was originally supposed to be the first to speak about the future of the factory after Wednesday's meeting.
https://denikn.cz/1272437/gigafactory-u-plzne-nebude-podle-volkswagenu-pro-dalsi-zavod-v-evrope-neexistuji-duvody/
Now we can work on the Koreans & Tesla hooray ,, reckon they will mve a little quicker .
ECONOMY Czech PM Fiala to discuss gigafactory with Volkswagen CEO today
Prime Minister Petr Fiala is scheduled to meet with Volkswagen CEO Oliver Blum to discuss the potential location of a battery factory for electric cars, often referred to as a "gigafactory," in Pilsen. Negotiations have been ongoing, and Fiala emphasized the need to reach a decision soon. Volkswagen has delayed its choice due to potential increased environmental investment support from the EU. The Czech Republic has been negotiating with Volkswagen for the use of the army airport area in Líny near Pilsen.
Fiala noted that the Czech government has incurred political and economic costs in preparing the area, and the time for a resolution is running out. Volkswagen is considering several locations, including Poland, Hungary, and Líny. The factory could employ up to 4,000 people and has faced opposition from local aeroclubs and residents. The government supports the investment and is prepared to spend nine billion crowns on key infrastructure in the area.
Fialia's urgency , being pushed by these guys , Lol and VW reckon they can wait til 2025 , how blind are they .
LG Energy Solution scrambles to boost EV battery production
https://asia.nikkei.com/Business/Companies/LG-Energy-Solution-scrambles-to-boost-EV-battery-production
Fiala negotiated with the head of Volkswagen about the gigafactory near Pilsen. He first informs the ministers about the result
https://ct24.ceskatelevize.cz/domaci/3625044-fiala-jednal-s-sefem-volkswagenu-o-gigafactory-u-plzne-o-vysledku-nejdriv-informuje
This might explain a little more Blonde :
Not only Lazy. The Czech Republic has a chance to attract several large battery factories, says the head of CzechInvest
https://www.e15.cz/byznys/prumysl-a-energetika/nejen-line-cesko-ma-sanci-prilakat-nekolik-velkych-tovaren-na-baterie-rika-sef-czechinvestu-1411270
Prime Minister Fiala will meet the head of Volkswagen regarding the gigafactory project
https://www.idnes.cz/zpravy/domaci/premier-fiala-jednani-volkswagen-ceo-blume-projekt-gigafactory.A231030_042928_domaci_kop
Reckon they have told us to increase mining capacity , my guess 60,000 tonnes and increasing stage two .
Volkswagen’s Chief Technical Officer, Thomas Schmall, announced that his company would also finance mining in the future. "The bottleneck for raw materials is mining capacity. That’s why we need to invest directly in mines," Schmall .
They have to take a slice in EMH , to oversea their production etc as I think Tesla will do too , and more than likely want a board seat as well, there are plenty of seats open as we only have 3 . Puzzle pieces all falling into place , and about time .