Member Info for HappyLiUK

Why are people arguing, you're all about to make a lump of profits

enjoy it :)

@wal100 fully agree.

Many have been frustrated, especially us LTH's (through impatience) but its clear this huge grant etc was always in line with DFS plans. Offtakes are going to catapult this now. We'll quickly surpass the 2021 high

GLA

Last RNS and the interview with KC Friday said dec

Cínovec "Value Path" to FID (Investment Inflection Points)

the likely catalyst sequence:

DFS released (next 2 weeks) → verifies economics.

Binding offtake LOIs (within 1–3 months).

EU/Czech grant announcement.

EIB or national bank debt package (post-offtake).

FID approval (construction greenlight).

Re-rating of the developer (pre-construction valuation step-change).

Historically, lithium developers re-rate 200–400% from pre-DFS to FID once financing is visible.

Cínovec is now in that exact window now !!!

@mick88 that 'Slow' EU to unveil plan for cutting raw materials' reliance on China | Reuters article is so positive!!!!

if the EU implements its ResourceEU plan effectively — funding, permitting streamlined, processing capacity built in parallel — then Cínovec will become thee cornerstone of a truly European lithium/battery supply chain. Given the size of its deposit, Cínovec could supply a non-trivial share of Europe’s lithium demand for EVs and energy storage.

of the projects in the EU, at 41,000tpa of battery-grade Li hydroxide, Cínovec would be: By far the largest single lithium chemical producer in the EU

Keliber will only be around ~15–16 ktpa.

Portugal’s projects are years behind and much smaller.

Austria’s Wolfsberg is much smaller.

By 2028–2030 EU projected Lihydroxide demand exceeds 300–350 ktpa.

Cínovec’s 41 ktpa is just ~12% of EU needs, therefore the entire output is very likely to be fully offtaken before construction. This would mirror what’s happened globally where major projects with 30–40 ktpa capacity routinely sign 80–100% offtake deals long before final financing or on/at DFS.

December this is going to rocket !!!!!

Translated / simplified . . .

Major Lithium Processing Plant Approved for Prunéřov, Backed by State Subsidy

The Czech government has officially approved a subsidy of up to 8.8 billion CZK to support the construction of a new lithium-processing plant in Prunéřov. The project, led by Geomet, a company within the ČEZ group, is expected to cost over 25 billion CZK in total.

The new facility will process lithium extracted from ore from the Cínovec deposit in the Ore Mountains — one of Europe’s largest known lithium resources. The project has also been recognized by the European Commission as a strategic investment for the EU, reflecting lithium’s growing importance for battery production and the broader transition to electric mobility.

According to project estimates, the plant could create around 2,000 direct jobs, with another 2,000 indirect jobs expected in supporting industries and services. For the Chomutov region, this represents one of the most significant industrial investments in recent years, potentially transforming the local economy.

The state subsidy will be used strictly for investment costs related to the construction and technological setup of the plant. If all proceeds as planned, Prunéřov could become a key hub for lithium processing in Central Europe, contributing to both national and EU-level energy and industrial strategies.

Hope we get a prospectus RNS next week to kick off dec.

Still think this is great value for there jump back to 2p & beyond

8.25p being back in sept of course...

The SP has moved correctly from 8.25p to high of 22 yesterday.

Of course that individual is disgruntled, they always miss out, but everyone has tried to help them and they would have made some serious successful gains had they not had a personal vendetta against our CEO (probably a disgruntled ex flame) & everyone calling out their spiteful daily approach.

Huge progress this past week, as we all know DFS now has a huge grant to boot, this'll be flagging up on some big radars now.

Offtakers now guaranteed their investment is already well funded/backed to begin Planning/FEED/Detailed Design and into construction.

HUGE HUGE WINS

@Fingersxed great article.

A lot of momentum will be following now.

This huge grant sits perfectly now for a much revamped and more beneficial DFS

Have a great weekend & ignore KC's troll :)

@Twohits exactly!

Cinovec will no doubt refine Zinn's Li for a period so they should start drawing attention to this part of the region too now.

Definitely expect a spike in the next month or 2, maybe post EMH 'DFS'

Planned production is 41,658 tpa LiOH

Offtake price: estimate £25,000/t (realistic long-term contract vs spot volatility)

Total annual revenue: 41,658 × £25k ≈ £1.04 BILLION

EMH 49% share: ~£510 MILLION

Assuming 35% net margin: net profit ≈ £178 MILLION

Valuation perspective:

Using a conservative P/E 10, implied market cap ≈ £1.78 BILLION

With ~226M shares, implied share price ≈ 568p

Today’s SP is 21-22p — massive upside potential if project delivery + offtake materializes

The planned annual production of battery-grade lithium hydroxide monohydrate was raised to ≈ 41,658 tonnes per annum

With Li prices slowly recovering and predicted to rise much further, wonder what the Offtake will be worth

how many multiple £'s

Piedmonth did incredibly well on the back of their Tesla offtake in 2021

Granted the Li price is lower currently but we were £1.06p pack ion 2021 on far less speculation!

But the Li is recovering and will further to strong levels, the off takers know this

Who has signed the first offtake is going to be very interesting, Ive said historically it'll be Tesla (for giga Berlin) . . . lets see

@CiaranC the €360m grant is locked in regardless of when drawdowns start, and it de-risks the whole project. EBRD coming in for 6% at 42p is huge validation and removes the need for any near-term fundraise. With EIB project financing + offtakes to follow, EMH is now lining up full-stack funding for Cinovec.

The earliest tranche of payment will probably coincide with some upfront capex expenditure — this starts as early as planning, then onto engineering, permitting, initial groundwork, or early procurement. Once those costs are submitted and validated, payment could arrive ~60 days later.

The big pieces are falling into place.

@sporazene nice post on X !

@Bannor probably accurate.

Fortunately it doesn't matter who now, good times ahead

@PeteMac1

KC likely held back the DFS to align it with the EU grant approval to maximize shareholder value. Now that the DFS is set to be released in early December, SP could see another sharp move upwards, especially now the grant is fully factored in.

A solid DFS with the grant included now leads to a massive boost in project valuation and securing additional offtake agreements.

Also with grant in the DFS economics, the likelihood of final financing (debt/equity) becomes more probable, especially when paired with strong offtake contracts.

So next . . DFS release (early Dec) = strong NPV, low capex, and very attractive economics.

Offtake announcements - as the DFS improves project viability, EMH will move forward with offtake discussions (if not already nailed as KC hinted many times its had been ongoing for a while), this is where institutional investors will start to focus.

EIA approvals means we're on track for a smooth construction phase.

@sporazene so glad I averaged down this year and held the rest . . . . game changing times inbound now :)

IN THE BAG:

Funding

Partner

EU Strategic Status

DFS Due early dec (now includes this huge funding secured)

EIA process pending (expected next month)

Lithium market is turning positively again.

Wish Id bought more :)