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For me, a stop loss on highly volatile stocks doesn't make sense. It will kick you out, then the trend will reverse and you'll just have to watch it go up...

Regarding DFS and current lithium prices, I don't think it matters, the mine life is many decades.

Loolie65 – whoever wins the election will form a coalition government, I don’t think there will be any major change

HappyLiUK – I remain slightly positive, I’m just sad that KC doesn’t update the status of DFS when he can read about the deadlines on the internet from his colleagues from ČEZ…

In my opinion, this is a very large project that is going in the right direction, but slower than I would like. If EMH delivers DFS and ČEZ approves the financing of the project, our market capitalization is ridiculously low. The upside potential is really high. There is huge potential to significantly expand the mine and also extend the life of the mine. Geomet, the company, has enough funds for the production decision, which it obtained from ČEZ for a 51% stake. Therefore, EMH’s low cash balance is not a problem now. However, EMH will have to finance its share of CAPEX. Here ČEZ can help a lot. With a strong partner involved in the project, EMH should find it easier to raise debt financing, likely covering more than 60% of its attributable CAPEX. Once the feasibility study is complete, assuming its results are positive, EMH shares should trade at higher prices. I expect lithium prices to continue to rise, which should provide further support.

If anyone is interested in my opinion, CEZ is a juggernaut that takes a very long time to do anything. It itself is quite hostile to its shareholders - the Czechs will know when I say Windfall tax. It looks like a semi-state enterprise, but it should protect the interests of all its shareholders. It is certain that nothing will happen before the elections. A DFS issued by the end of this year will be a big pleasant surprise for me personally. Now I am convinced that we have no choice but to wait for the decision of CEZ management, but be careful, they are not stupid, if they feel money from grants, they will definitely take steps not to lose this money. But we invested in the company EMH.

Let's hope KC has a quality contract, otherwise ČEZ will swallow us like a raspberry :-)

KC has absolutely nothing under its control.

After the interview of CFO ČEZ Novak, I expect a drop in the price of EMH shares.

Whether this is an opportunity to buy or the last straw for selling with trembling hands, I will leave the judgment to you.

ČEZ has not yet decided on lithium mining, the study for the project could be completed this year

https://oenergetice.cz/energetika-v-cr/cez-o-tezbe-lithia-zatim-nerozhodl-studie-k-projektu-by-mohla-byt-hotova-letos

The CEZ energy group has not yet decided on the mining and subsequent industrial use of lithium, it is waiting for the results of the feasibility study for the entire project. It could be completed this year. The study was delayed due to the examination of the impacts of moving the lithium processing plant, which according to current plans could be located at the power plant in Prunéřov near Kadaná in the Chomutov region. Martin Novák, CEZ's financial director, told ČTK today. The possibility of lithium mining in the Czech Republic became one of the topics discussed before the parliamentary elections in 2017.

CEZ decided last spring that if lithium is used, the plant for its processing will be located at the power plant in Prunéřov. It thus withdrew from the originally selected location in the Teplice region, which was opposed by citizens and mayors. People were afraid of the impacts of operating the factory proposed on the territory of the industrial zone in Újezdeček, near which there are family houses. According to the new proposal, a covered transshipment point would be created in Újezdeček, from where the ore would be transported by rail to Prunéřov.

"The study was delayed a bit because of this. Moving the plant to Prunéřov takes time, because it is a completely different perspective. We assume that during this year we could have more precise knowledge of how the entire project could work," explained Novák.

At the same time, he admitted that the completion of the study could drag on until next year.

The company Geomet is preparing the lithium mining, in which Severočeské doly, a member of the ČEZ group, owns a majority stake. It wants to extract lithium-containing ore from the Cínovec mine in the Ore Mountains using a deep-sea method.

In March, the government approved that the lithium reserves in the Cínovec area will become a deposit of strategic importance. According to the cabinet, the lithium in the location is of such a quality that it can be used, for example, for batteries for electric cars and other devices. According to the Ministry of Industry and Trade, the aim of the measure is to facilitate the possible extraction of the raw material in the future and prevent possible disruption of supplies.

Lithium is considered the metal of the future, and the Czech Republic is estimated to contain about three percent of the world's reserves - the vast majority in Cínovec and a small amount in Slavkov Forest. The Cínovec deposit is the largest in Europe.

Yes, Skelly... Rio Tinto doesn't have DFS in Serbia.

The deposit was discovered in 2004. :-)

China may also intervene in the whole situation. The country still has significant reserves of lithium, which it can release to the market in the event of fluctuations. New technologies such as sodium-ion batteries may offer a cheaper alternative in the future, but lithium remains economically viable.

Opportunity or risk

For investors looking for opportunities in this dynamic market, it is important to monitor not only the automotive industry but also other sectors such as renewable energy and energy storage. Mining companies such as Albemarle, Pilbara Minerals and Rio Tinto continue to invest in new projects and expand their production. However, the lithium market faces a number of opposing pressures – price stabilization and long-term growth versus volatility caused by geopolitics, regulatory uncertainties and the business cycle.

Https://www.newstream.cz/trhy/ceny-lithia-padaji-ale-zlate-casy-teprve-prijdou

Lithium has fallen more than 80 percent this year, mainly due to oversupply and cooling demand for electric vehicles. However, the market is showing signs of stabilising, and demand for batteries and renewable energy should grow in the long term.

The decline in demand for electric vehicles is also affecting demand for lithium. The high prices of electric vehicles and the lack of charging infrastructure are slowing their wider adoption. Although electric vehicle prices are falling, they still remain more expensive than traditional vehicles. In addition, the EU's lukewarm approach to mandatory electromobility is being added, with some countries preferring a more balanced approach that takes into account not only environmental but also economic factors.

Causes of the fall in lithium prices

The fall in lithium prices in 2023 and 2024, when prices fell by more than 80 percent, is attributed to oversupply, which outpaced demand growth. Mining capacity has expanded rapidly, especially in South America, Australia and China. The result was a significant oversupply that pushed prices down. In 2024, global lithium production increased by 22 percent. “The market was unable to absorb this despite the ever-increasing sales of electric vehicles,” says XTB analyst Jiří Tyleček.

This surplus on the market is one of the key factors that influenced the decline in lithium prices. “The lithium market has become one of the most closely watched segments of the commodity market in recent years. Long-term fundamentals remain strong thanks to global electromobility and the development of renewable sources, but in the short term the market is experiencing turbulence and a significant decline in prices,” adds Tyleček.

The Cínovec treasure

In the Czech Republic, lithium mining is still in a phase of uncertainty. The big topic is the Cínovec deposit, which is one of the largest in Europe. The area in the Ore Mountains could represent a significant source of lithium for Europe, but its mining is still only talked about.

Despite the great potential hidden in Cínovec, the value of the lithium found there is currently declining. This is a result of the current lower prices on the global market, which make it difficult to make economic sense to mine. The current low prices complicate the economics of mining, which hinders decisions to launch projects and invest in the necessary infrastructure.

The future of lithium

In 2025, lithium prices recovered slightly, but they still remain well below previous highs. However, analyst Jiří Tyleček believes that the market is returning to balance, with the excess supply that has pushed prices down in the last two years decreasing. An almost balanced supply and demand balance is expected for this year, which is a positive sign. Strong demand for batteries, especially for electric vehicles, should further support consumption gro

Keith Coughlan, Executive Chairman, commented: “We welcome the grant of the Preliminary

Mining Permit at Cinovec South. This is a critical step in securing the Final Mining Permit over the

entire Cinovec Deposit as we work towards the completion of the DFS. The recent macro

improvement in the lithium market and renewed regional support suggests that the Project will

come to fruition at an opportune time.”

This announcement has been approved for release by the Board.

KC is an incredible optimist :-)

Don't trust anyone in this community. It's your money. We can debate, argue, but the decision to invest is up to you. I still believe that we will be richly rewarded.

Progress on Definitive Feasibility Study and Environmental Permitting

During the quarter, the Definitive Feasibility Study (DFS), led by DRA Global, continued to progress

across all key workstreams and incorporates production optimisation scenarios identified in the

Concept Study announced in December 2024 and clarified in January 2025.

These scenarios consider an increase in ROM ore processing beyond the 29,386 tpa level outlined in

the 2022 Preliminary Feasibility Study, without requiring an expansion to the surface footprint of the

underground mine. Importantly, these enhancements are not expected to delay the DFS.

The Company also continued its preparatory work for submission of the Project’s Environmental

Impact Assessment, targeted for completion by year end, consistent with Czech permitting

requirements and conditions attached to the JTF grant.

Cinovec continues to be recognised as a project of strategic importance to both the Czech Republic

and the European Union, with a permitting pathway that is being advanced through supportive

regulatory and funding frameworks.

QUARTERLY CASHFLOW REPORT

In accordance with the ASX Listing Rules, the Company will also today lodge its cashflow report for

the quarter ended 30 June 2025. Cash outflows of $2.582 million were incurred during the quarter

in relation to the Cinovec DFS costs, as part of the Company’s investment in the Cinovec Lithium

Project in the Czech Republic.

The Company’s total cash is $ 994,978 as at 30 June 2025.

Https://www.electrive.com/2025/06/25/northvolt-finds-several-interested-buyers-and-first-take-over-offer/

Source

https://www.hrot24.cz/clanek/tezba-lithia-cinovec-cez-priprava-financovani-presun-zavodu-prunerov-strategicke-lozisko-baterie-elektromobily-HdYYE

Lithium mining study to be completed in autumn. Mining to begin by 2030

Lithium from Cínovec is to be one of the main pillars of Czech raw material self-sufficiency. The processing plant will move to the site of the former power plant in Prunéřov.

A feasibility study for lithium mining in the Cínovec area in the Ore Mountains is to be completed in the second half of this year. This was announced by Pavel Cyrani, Vice Chairman of the Board of Directors of ČEZ Group, at today's general meeting of the company, adding that preparation of project financing is planned for autumn.

According to him, the permits required to start mining should be approved in mid-2027, and mining itself should then begin by the end of 2030.

A fundamental change in the project is the decision to move the planned processing plant from the originally intended location near Újezdeček near Teplice to the site of the former Prunéřov I power plant in the Chomutov region.

According to Cyrani, this has significantly increased support for the project among local residents, both in the adjacent Dukla settlement and in Prunéřov itself.

At the beginning of June, a public discussion was held on the draft update of the Ústí nad Labem regional development principles. Although interest in mining is growing, some residents still express concerns — especially about possible dust or noise from trains that will transport the mined ore.

In March, the government approved that the lithium deposit near Cínovec will have the status of a strategic resource. The lithium found here is of a quality suitable for the production of batteries for electric cars and other devices, making it a key element for the energy transformation.

According to the Ministry of Industry and Trade, the aim of this step is to simplify potential mining and reduce the risk of disruption to supply chains.

The Czech Republic is estimated to have about three percent of the world's lithium reserves, with the vast majority of them located in the Cínovec area.

Lithium mining has also become a political topic — it was heavily discussed, for example, before the 2017 parliamentary elections.

Skelly, I still understand that DFS will be "now" in, say, two months. Then ČEZ will think about whether to invest in it and make the investment decision at the turn of the year.

But there are still strange things there, sometimes they come up with something that is supposed to be bigger than planned, the water source is still not resolved,” said Sváda.

The value of the deposit is estimated to range from hundreds of billions of crowns to trillions – according to the current market price. And that is about half compared to 2017. The project at Cínovec is to begin physical preparation in 2027 with mining starting in 2030, according to the documentation. But will there really be mining there? Investors are postponing the decision for now. “Geomet is now working intensively on updating the final feasibility study, which had to be changed precisely because of the revised logistics. This will be one of the inputs for the formal decision of both shareholders on how to continue the project, which we expect at the end of this year or at the beginning of next year,” said Gazdík.

Https://archiv.hn.cz/c1-67751210-jenom-verejnost-poslala-89-namitek-pripravy-zpracovani-lithia-se-protahnou-ministerstvo-si-vyzadalo-detailni-posouzeni

Preparations for lithium mining at Cínovec will take at least a few more months. The Ministry of the Environment has scheduled a detailed EIA study, taking into account a number of comments. The unprecedented public opposition also played a role in the decision: 89 different individuals sent their comments. Another dozen or so came from town halls and local associations. According to the investor, the atmosphere around the project is calming down. Ministry officials have decided to deal with the large number of comments from the public by sorting them into groups based on similarity. The investor is to be Geomet, a joint venture between ČEZ and the Australian mining company European Metals Holdings. ČEZ owns 51 percent of it. "This is a mining project, so it is logical that it raises and will raise a number of questions, and not everyone will support it," said ČEZ spokesman Gazdík. The ministry clearly took into account the comments of people and institutions and set the applicant 17 requirements for what the EIA documentation should contain. It will probably take months to process the full documentation. Geomet will submit the EIA documentation by the end of this year,” said Gazdík. In the meantime, the project continues to develop. Geomet moved the lithium processing plant itself from the outskirts of Teplice about 40 kilometers further southwest, to the vicinity of the Prunéřov coal-fired power plant near Kadaň. “The location of the processing plant in the Dukla industrial zone near Újezdeček was the main objection of some municipalities,” said Gazdík. On the other hand, there is no opposition in Kadaň – the land belongs to ČEZ and the Kadaň town hall itself was the only one to accept the transport proposal without any comments. “The city management welcomes this step, because sophisticated lithium production will bring hundreds of qualified jobs,” said Gazdík. The objections suggested, among other things, closing the conveyors to prevent dust from coming out of them, or transporting it from the mountain ridge by rail. The amount of excavated rock is estimated at about seven train loads a day. “A compromise has already been reached here. Now they are counting on it being above the trees in the upper half of the route, and as soon as it gets closer to human habitation, the conveyor will go through a gap in the forest. In addition, they have already added the upper cover of the belt there to prevent so much dust,” said Tomáš Sváda, the mayor of nearby Košťany. He confirms that the situation in the negotiations is calmer than last year. “The main thing that helped was the relocation of the production plant, emotions have calmed down. But there are still strange things there, sometimes they come up with the idea that something should be bigger than planned, t

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Mining and processing of lithium will be carried out with the utmost respect for the environment and surrounding municipalities. Representatives of Geomet and ČEZ regularly meet and discuss possible solutions with the mayors of the surrounding municipalities and the Ústí nad Labem Region. Europe needs to obtain its own raw materials, it must not be dependent. The Critical Raw Materials Act (CRMA) was approved by Europe with the aim of strengthening Europe's security of supply of critical raw materials, reducing dependence on imports from third countries and supporting innovation in the sustainable extraction of mineral resources. Lithium is one of the key raw materials for the transition to a modern low-carbon economy and its abundance in Europe is essential for the development of the automotive industry and for the modernization of the energy sector. The European Union has established a list of 34 critical raw materials under the Critical Raw Materials Act, 17 of which are designated as strategic. These include, for example, lithium, cobalt, nickel, aluminum and synthetic graphite. The aim of the CRMA is to achieve the following values ​​by 2030: • 10% of the annual consumption of strategic raw materials should be mined in the EU. • 40% of annual consumption should be processed in the EU. • 25% of annual consumption should come from recycling in the EU. • Dependence on a single third country should not exceed 65% of annual consumption of each strategic raw material. The lithium production and processing project is being planned in the Czech Republic by Geomet, a company majority owned by CEZ Group. The final decision on its implementation is expected this year. The final feasibility study is currently being updated, which was required by the change in location for the processing plant. The relocation of the future plant resulted from joint negotiations between Geomet and local governments, as the original location was the main objection of the municipalities to the project. In the originally considered location in the Dukla industrial zone near the municipality of Újezdeček, only a railway station will be built, from where the ore will travel by rail to Prunéřov. CEZ Group