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According to Deutsche Welle, citing an analysis from the Czech Chamber of Commerce, lithium could be a game-changer for the Czech Republic, which might face economic stagnation in the following years as a result of exhausting all sources of growth.

Fiala sees the mining of lithium, which is used to produce car batteries, as a strategic raw material and essential for the restart of Czechia. According to Industry and Trade Minister Jozef Síkela, negotiations with three investors to build a car battery factory in the Czech Republic are at an advanced stage.

https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html

https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/

Government support is a huge thing in these markets - also being funded to the FID by a 18bn major whos 70% owned by the government. We have the European investments banks support - being involed with this Gigafactory, becoming 1 of the 17 strategic projects for the EU, receiving the 49million grant are all major catalysts in the short term, the first two in April - DFS and Offtake follows.

Have a good day all - dyor

Evening all, good day and just the start.

A quick summary

EMH is Largest lithium deposit in Europe - the 5 largest non brine in the world, also a globally significant tin resource

In the coming weeks the EU will announce 17 strategic projects to help the EUs self suffiency with critical raw meterials under the new CRMA - it looks like EMH will be selected

https://www.engineeringnews.co.za/print-version/european-metals-flags-potential-improvements-in-delayed-dfs-2024-03-27

"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."

Fully funded To FID by 17bn partner CEZ ( who's the 70% government owned state power company )

49mil Grant coming in may ( more than the mcap) https://youtu.be/3Tl6Q4-5EOo?si=YW91Dtx6qAlOvPuU

I found 2 interviews where he actually says I think by accident that they have received the 49mil grant - this one and this one - https://youtu.be/QeLlbp1vzI8?si=CBcLhkYE9bJvGHP7

3.33 in the first 4.54 in the second

In the one from last week he said we have been pre approved and the money should become avaliable to them in May.

DFS and Offtake to follow - today's news was one of the final parts of the DFS and offtake and DFS are expected to come to fruition together.

With announcment stage at the end of April to do with the above, some upgrades and possibly a connection to a new 8bn gigafactory in country

https://english.radio.cz/government-discloses-plans-ev-battery-gigafactory-karvina-8810603

https://www.lse.co.uk/rns/EMH/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html

The European investment bank purchase 6million at 0.423 and will be a big part of the FID later this year. Current 3x less for delays

Currently a circa 2bn Npv not including the Tin - 30,000 Tpa to upgraded to 60,000 which for anyone who knows is major numbers.

IMHO opinion based on the above, I see EMH as an actual safe smart investment op that's should never have been down here in the first place. Government backed, major backed and 6million invested but the European investment back at 42.3 after 9 months of DD, they will also be part of the FID that follows DFS and Offtake - A world class asset like that would never be left in ground - it either does get left in the ground, or it comes online and it's 6 - 12 month 5 - 10 bagger, 12 - 24 month 10 nagger+ unloved gem about to come good - company making Q2. Dyor and Atb

---

Final though - Skelly and Mr cautions and been an eroding force on BB across multiple different markets - they knowing lie and spread FUD consistently. When I know it's lies, I report false and misleading information and what it's rude, I report disruptive abusive.

Morning, I hope everyone's well

April announcements

https://www.hl.co.uk/feeds/apps/sharecast?id=34184921

Geomet and DRA Global were reviewing the findings, with an announcement expected before the end of April outlining significant improvements and developments.

Importantly, despite the extended study period, European Metals anticipated that the overall timeline of the Cinovec Project would remain unaffected, with the permitting process expected to align effectively with the European Union's Critical Raw Materials Act.

---

Interviewer "Your partner on the project is CEZ, the czeck utility company, major utility company - are they aligned with what you and your company want to do with the development of this project?"

Keith "Absolutely, you know CEZ is a very big organisation, but the key people from CEZ from our perspective are very much aligned with us in terms of the timelines of bringing this project ot fruition as quickly as possible - its very positive for them, you know they still have aspirations about being involved in a gigafactory - a battery factory in the Czech Republic."

"They are very much aligned with green energy, they have been moving away from coal for many years now and have an acting winding down programme. They have many green assets themselves, wind power, solar farms ect and they have commited, to provide green energy to this project, and they would very much like the see the project move ahead as quickly as we would like to see it move ahead."

"They have been very helpful in country, they obviously have significant in country resources, and significant in country experience, which is proving to be invaluable for us, and i think more will come of that as we come to this announcement stage at the end of April".

Both of the above can be in relation to the CRMA and being 1 of the 17 strategic projects - which should be announced also within 2 weeks. We know the Gigafactory offer is being negotiated with the bidder ( the government has been 5 company's) and government. Great thing we're heavily backed by the prime minster who speaks openly about reinvigorating the economy by bringing new jobs across the supply chain from mining Cinovec to producing batterys.

Lastly

"All of the European off takers are trying to secure supply and they would very much like to secure portion of that supply from within the EU. It helps them a lot with their own businesses and it helps them a lot with from an ESG point of view and those discussions are well underway."

Well underway - with a ceiling and floor price.

Excellent investment opportunity at the current disconnected range

Environmental Footprint

• The production of critical raw materials at different stages of the value chain

causes climate and environmental impacts, notably on water and biodiversity.

• In order to limit such damage and incentivise the production of more

sustainable critical raw materials, CRMA empowers

This in particular is interesting to me - the EU as a whole has been slow as there much high requirements to confirm ESG credentials and carbom emissions levels producted and declared officially. These are things that likely have impacted the timing of DFS to date - which listening again to the interview from a month ago, is largest majority complete. We were in the 30s in December before the extention.

The Czech Republic doesn't want to miss out of the gigafactory economy that's now building up around them in Finland, Sweden, German, Poland and others - the UK has some planned but northing being built yet also.

Do we think they will accept the 8bn offer?

It will boost thee economy and help have the supply chain come from in country rather than abroad as it the current stated plan - for the lithium to come from the Cinovec

Will we be involved with this Gigafactory?

The bank purchased 6 million at triple the current price - they would have known the project is of course not going to be left in the ground when making that purchase - how often to Banks buying to Lithium deposits. This one is stretegic for the EU and for the country

Will it be left in the ground?

What happens if/when we recieve the 49million Grant in may/june?

For me strategic status, connection to the gigafactory or recieval of the grant before DFS or Offtake are all major green lights from here.

While the mcap smaller than the grant money alone from the asset value and everything else, the current price is high risk with relatively low risk based off they will never just leave it in the ground, it's critically needed and worth multiple billions, the banks 6mil purchase at triple the current price is assuring of that

Have a lovely Sunday all, looking forward to the next few weeks and months

Happys Sunday all - hope everyone's well.

So Cinovec is already a designated project under the Just Transition fund - https://www.lse.co.uk/rns/just-transition-fund-approves-cinovec-project-hvgte7a76r3slkw.html

But Iv been digging this morning on the upcoming announcement of EUs 17 strategic projects for securing Critical raw materials

Strategic Projects under the CRMA

• Strategic Projects is the key tool used in the CRMA to accomplish its objectives.

• A Strategic Project would make a meaningful contribution to the security of the

Union’s SRM supply by increasing supply of SRMs or of strategic technologies

through the substitution of any of the SRMs.

• Strategic Projects should be flagship projects in terms of technological innovation

and sustainability.

• To ensure the development of Strategic Projects across the Union, such projects

should benefit from streamlined and predictable permitting procedures and

support in gaining access to finance.

9

Recognition of Strategic Projects under the CRMA

• Strategic Projects will be selected based on the following criteria:

1. Contribution to the security of the EU's supply of SRMs.

2. Technical feasibility of the project within a reasonable timeframe and the expected

production volume of the project can be estimated with a sufficient level of confidence.

3. Project is implemented sustainably.

4. For projects in the EU: project has cross-border benefits beyond the Member State

concerned, including for downstream sectors.

5. For projects in third countries that are emerging markets or developing countries: project

includes only projects with like-minded partners, is operated under a sustainability

certification scheme on raw materials recognized by the Commission, is mutually beneficial

for the EU and the third country concerned and contributes to the development of the

country economy and downstream industries.

• Applications for recognition of a raw material project as a Strategic Project will

have to be submitted to the Commission.

– for projects in third countries, application should provide evidence that at least 40%

of its ownership is based in the EU or in the partner country.

• The Commission will assess the fulfilment of the recognition criteria and can

prioritize the processing of applications for projects active on specific stages of

the value chain.

• The European CRMs Board will issue an opinion on the application. If a Member

State whose territory was concerned by the proposed project maintained an

objection during this process, the project would not be considered for the

status of Strategic Project. The Commission would have to adopt its decision

within 60 days

Morning

Really clear agenda of the bashers on here, doesn't take a genius to see. It would take alot of research for anyone looking in to not be detoured by it, and I'm sure would have increased the Fear Doubt and Uncertainty for holders. Hence a 50%+ drop from later December for an extention.

Facts are;

https://centraleuropeantimes.com/2024/03/mystery-ev-firm-to-build-eur-8bn-plant-in-czechia/

[04/04, 12:09] Michael: Sikela also revealed in November that Czechia is in discussion with five other potential EV plant investors “from other continents”. Fiala said, “the gigafactory project is a strategic government priority, 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 Czechia.”

There's a 8bn gigafactory now looking to be built in country after 1 of the 5 potentials has made a bid - while we know the prime minster wants a gigafactory in country, CEZ want to be involved with one ( the state power company that's 70% government owned)and the prime minister wants it to be from mining Cinovec. The largest lithium deposit in Europe, currenrly valued to the market at sub 30million.... Priced to fail but...

https://www.expats.cz/czech-news/article/czech-government-mulls-lithium-mining-in-usti-region

https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html

This is Actually what is happening, very exciting for EMH, the Czech Republic and EU.... And the bashed just want to try discredit keith but there nothing keith could do different. World class projects take this long, especially in Europe up until now.

The grant

https://www.lse.co.uk/rns/just-transition-fund-approves-cinovec-project-hvgte7a76r3slkw.html

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.

There's 11 projects left that are going to receive there slice of this €300million - are tailings will replinish the ex coal deposits and the country phases away from coal. Less coal production means less job, the prime minster wants to reinvigorate the country while it's neighbours are do well with the gigafactory economy.

Gigafactory + Cinovec will bring 1000s of jobs for decades and be a huge positive for the economy, for CEZ who will be involved in both - and for the government.

Sentiment aside, we're approaching multiple pieces of news that will move the SP, while the bashers pretty much speak like non of the above is reliant at all, and bla bla bla

Actual real company and asset to invest in - I'm investing in

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