Member Info for JREWINGJNR

Thanks for the deeper insight Aaargh. Looking forward to the announcement.

From the EU Website:

When will the Commission communicate the application decision?

We will communicate the results of the first cut-off on the CRMA strategic projects call in November or December 2024

Very positive if we get support from the CRMA and/or the TCTF

Key Headlines:

Critical Raw Materials Act ("CRMA")

"selected strategic projects will benefit from support for access to finance and shorter permitting timeframes (27 months for extraction permits and 15 months for processing and recycling permits)."

The EU Commission issued an invitation for applications by promotors of critical materials projects to be formally designated as a "strategic project" under the specific categories of Extraction, Processing, Recycling or Substitution. The invitation specified a deadline for the first round of applications to be submitted by 22 August 2024.

The Company formally applied for the designation by this deadline under both the Extraction and Processing categories. It believes that there is a strong case that the Project will meet the key criteria for recognition as a Strategic Project, namely, its ability to deliver a meaningful contribution of LiOH to the EU based on the scale of its resource as the second largest hard. The EU is expected to announce its decision in December.

Temporary Crisis and Transition Framework ('TCTF')

Zinnwald Lithium submitted an application and, as part of Phase 1 of the application process, underwent a series

of detailed reviews with by BMWK's programme management agency, VDI/VDE Innovation + Technology GmbH

('VDI/VDE'). On 27 June 2024, Zinnwald Lithium received an invitation from VDI/VDE to formally apply for the

envisaged funding (Phase 2 of the application process). This invitation does not guarantee that funding will be

secured but is a recognition of the strong potential of the Project.

If the application is ultimately successful, any funding would be provided 70% by the Federal State Government

and 30% by the State of Saxony. On 4 June 2024, the Saxony Government announced its commitment to provide

its portion of any funding, subject in part to receipt of formal approval by the Parliament of the State of Saxony,

which was duly received on 21 June 2024.

It’s a general article about Zinnwald. No insights that are not already available in the public domain.

This buying must be insider trading on news not currently in the public domain, I would guess.

Zinnwald Lithium GmbH intends to realise one of the largest lithium mining projects in Europe at Altenberg by about 2030. An underminent mine is to be built to mine Zinnwaldite. The mined ore is then refined to produce lithium hydroxide monohydrate (LiOH) in battery quality as well as various by-products. The company's goal is to extract and process lithium for about 600,000 car batteries per year.

The funds from the federal government and the free state should not only support the settlement of the companies, but also contribute to increasing the sustainability of the projects. For example, the local burden on citizens in Altenberg and the surrounding area is to be reduced by avoiding transport and debus. In the next steps, the companies are invited to apply and have to go through the regular approval procedures, which then answer questions about detailed planning.

Contact

Saxon State Ministry for Economic Affairs, Labour and Transport

Press spokesman Jens Jungmann

Phone: +49 351 564 80600

Fax: +49 351 564 80680

E-mail: presse@smwa.sachsen.de

Saxony creates conditions for the development of the future battery industry in the Free State

06/04/2024, 3:03 pm - First publication (current)

Minister of Economic Affairs Dulig: "The development of own production capacities in Europe is of strategic importance. The Free State and companies want to walk the way together with the local citizens."

The Ministry of Economic Affairs (SMWA) presented today in the Saxon cabinet the intended promotion of the TCTF battery cell production projects of Zinnwald Lithium GmbH and Group14 Silane GmbH. The SMWA was commissioned by the cabinet to conclude the necessary administrative agreements with the Federal Ministry of Economics (BMWK) - subject to the approval of the Budget Committee of the Saxon State Parliament. These agreements are the decisive basis for establishing both lithium mining and the production of battery materials for the next generation of lithium-ion batteries in Saxony. In this way, Saxony can benefit from the entire value chain.

Investments of more than 800 million euros together are planned. A total of at least 550 jobs are to be created. Minister of Economic Affairs Martin Dulig, who was represented in the cabinet of State Thomas Kralinski today, says: "These projects address two strategic aspects of the European battery value chain directly from Saxony: on the one hand, the independence from Chinese battery raw materials, in particular lithium and graphite, and on the other hand, the increase in the performance of batteries. Saxon companies will thus contribute to making the mobility of the future more affordable, comfortable and environmentally friendly."

The projects of Zinnwald Lithium GmbH and Group14 Silane GmbH are to be funded. Funding is based on the Temporary Crisis and Transition Framework (TCTF for short), a temporary funding instrument of the EU, to promote the production of climate-neutral, strategically important technologies - e.g. Batteries, heat pumps and electrolysers - to be anchored in Europe at an early stage and thus avoid one-sided dependencies.

The federal government will contribute 70 percent, the Free State 30 percent of the funding. In total, around 50 million euros in funding are to be provided by Saxony. This support offers investors the necessary security to invest in these future technologies here in the Free State and thus create sustainable jobs.

Group14 Silane GmbH is a subsidiary of the US Group14 Technologies Inc., the world's largest manufacturer of advanced silicon battery materials. These ensure better performance in batteries for electric vehicles and many other battery-powered devices. The company is planning to build a factory to produce the silicon battery materials on site. It will join the already existing monosilane production plant at the Schwarze Pumpe Industrial Park. The aim is to ensure a sustainable battery supply chain in the EU.

I’m not sure about a mystery buyer but it certainly looks like, volume wise, some insider trading. Perhaps an announcement at the AGM in June is imminent.

AMG are an extremely credible partner to ZNWD and they have a proven track record of taking mining development into production and to finish products. I think ZNWD will be the exemplar European based lithium project.

ZNWD are producing a BFS. It’s considerable more credible than a DFS. I also don’t see ZNWD off taking with anyone else other than AMG and/or Ganfeng who both own a sizeable proportion of the stock in ZNWD.

Very interesting to see ZNWD rising without significant volumes over the last few days. Not sure EMH are significantly ahead of ZNWD, particularly with regards to the development of their respective DFS and BFS. The EMH DFS seems to be in perpetual delay. Not unlike EMH, ZNWD has considerable partners in AMG and Ganfeng. ZNWD should also qualify under the new EU CRMA. It will be interesting to see who begins production first. My monies on the Germans.

Very kind of the HZM investors to share their experience. Not sure that it’s wholly relevant to ZNWD. I think we’ve got a significantly different set of opportunities and risks. Looking forward to 2024. After the substantial increase in the MRE, it is highly likely that ZNWD will be established as a strategically important project aligned to the recent approved CRMA and that the BFS will be completed with significant support from the EU and our other partners AMG,

Someone or a large number of somebodies must have been selling at a substantial loss, because that level of volume should have pushed the SP up substantially further. 28m shares traded yesterday. The previous record was 19m on 28th April 2020, the share price increased by 62% on that day. It might have still been Erris Resources (Exploration) PLC back then.

I agree Mr C but it was nice to get a bit of attention yesterday. My concern is where the c.35m shares have come from over the last couple of days.

GM:

You'd like to think that both the MRE and BFS have been worked on concurrently with regular updates being provided by each team. Either way, in the Oct 23 operational update the Zinnwald team were well aware of the imminent resource upgrade held within the new MRE. They confirmed that the BFS was still dues in early H1 2024. This would have been the right time to say, we expect the MRE to materially change the BFS, therefore the BFS will be delayed until (date TBC). This statement would have been ok given the substantial change in the MRE resource conclusions. AMG have owned 25% of Zinnweld for nearly a year now, they are a class operator and I expect them to substantially support the financial output of the BFS. Hence, I don't think that they will allow a substantial delay to the BFS. AMG mine lithium in Brazil and they will be mining lithium in Germany with Zinnwald. You've heard it here first GLA.

C.5% of the companies share capital has changed hands today. I wonder who's been selling?

Fantastic reaction so far today to a news item that we were all eagerly anticipating. Highlights: now the second biggest lithium resource in the EU in the heart of Germanys historic mining region (makes it very hard for Governments and Industry to ignore), enables higher productivity mining techniques that makes the projects economic business case significantly more appealing.

Looking forward to seeing the BFS, as promised in the October 2023 operational update, in the next few weeks.

With regards to the Zinnwald BFS and it’s early H1 2024 date, I’m referencing the following Operational update:

ZRNS Number : 2818Q

Zinnwald Lithium PLC

17 October 2023

· Bankable Feasibility Study ('BFS') remains targeted for completion early in the first half of 2024.

Hence, my query about financing; as a BFS is usually accompanied by a definitive financial strategy.

Second month into Q1 2024. Do we think the MRE will be updated at some point during Q1 2024? What’s everyone’s confidence levels, given the disappointment of the delay in Q4 2023?

Do we think the BFS will be delivered in H1 2024?

If we have a BFS in H1 2024. Do we think that financing has been established? In particular do we think AMG will be a significant contributor?

Great entry point for those sitting on the sideline IMHO. I think this project will move into production sooner rather than later. Great location, well establish holders and strategic partners, significant assets with potential to expand, potential economies of scale with EMH, existing infrastructure, mining heritage, local regional demand etc etc

It will interesting to see what the share price is in Jan 2026. I wouldn’t be surprised if some positive news is announced in due course. Nice to get in at 6.75p.

At the end of Q1 2024.