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Https://www.reuters.com/markets/commodities/eus-hunt-critical-minerals-2023-12-18/#:~:text=The%20strategic%20materials%20include%20base,turbines%20or%20in%20electric%20vehicles.
Under the act, the European Union has identified a list of 34 critical raw materials, which are important for the EU economy and face a risk of disruption, of which 17 are designated "strategic" because of their importance and global demand/supply imbalances.
The strategic materials include base metals aluminium, copper and nickel, along with key battery material lithium and rare earth elements used in permanent magnets for wind turbines or in electric vehicles.
The 17 projects will be announced in circa 13 days from now and from Keith's interviews I'm confident cinovec will be one of the 17 Strategic signicance. This will return all sentiment that the project is undoubtably coming online - shortly followed by the €49mil Just Transition grant were cinovec is already has strategic asset status. Flow sheet news on hydroxide this week and upgrades the end of April also.
Geomet and DRA Global were reviewing the findings, with an announcement expected before the end of April outlining significant improvements and developments.
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CEZ/EMH/gov highly likely to be supplying this gigafactory also - CMAs strategic announcements and plans in 13 days. For anyone news looking - we're fully funded to FID so no risk of placings either.
https://www.euractiv.com/section/politics/news/czech-government-reveals-plans-for-new-gigafactory-investor-name-withheld/
Reference giga factory
Prime Minister Fiala has commented on the Cinovec project via social media, which translates to:
"Lithium is a critical and key raw material. Cínovec is the largest European deposit of this raw material. Thanks to this, the Czech Republic has a unique opportunity to contribute to both its own and European raw material security.
"We are on the threshold of a "lithium revolution" as the use of lithium will grow significantly. As a country with a large share of the automotive industry, it is important for us to support it and capture current trends.
"We are offered a unique chance to build the entire chain from mining to the production of electric cars. That is why we need lithium and we are trying to build a battery factory, the so-called gigafactory."
Prime Minister Fiala also commented on the MoC via social media, which translates to:
"I believe that this memorandum will help our cooperation on the development of the lithium deposit in Cínovec and, in the future, the creation of the entire production chain for the production of batteries for cars."
https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
Nice find finger
Sounds like hydroxide news this week
And that the end of April announcements can be to do with upgrades - the CMA and us or even something to do with this gigafactory
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For some research
https://youtu.be/3Tl6Q4-5EOo?si=YW91Dtx6qAlOvPuU
It's weird, i found 2 interviews where he actually says I think by accident that they have received the 49mil grant - 3.33 in the first one and this one at 4:54 - https://youtu.be/QeLlbp1vzI8?si=CBcLhkYE9bJvGHP7
Ducks all in a line - was in the 30s in December, impatient to the patient..
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"
You bashers sound like the project will next come online - while a grant more than the current mcap looks around the corner - the same time as DFS and offtake
Are you guys watching the same videos from last week, about the same world class project? The facts speak for themselves but are not currently rerepsented in the Sp as we bounce off the bottom. 0.15 close 0.29 aud on the ASX
Skelly your not smart.
World class lithium mines take around that amount of time. We've had covid and there's a war going on. What could Keith possibly have done to speed things up? This is how long it takes, especially in Europe up ton2023 -
From the impatient to the patient.
To try discredit Keith and anyone saying anything other that isn't down down down is your tactic, with more than one account - but your gonna get shot in the foot soon.
We actually had 15 close on the ASX at 0.29 - bottoms in while we're disconnected and oversold. On the cusp on DFS and Offtake - I can share more about the 49million grant also.
Hydroxide flowsheet news this week with further announcements at the end of April.
Wow - this board is has at least 3 different posters ( likely the same person) who all week and weekend bash the stock. There's nothing wrong with Keith, World class projects take around this long - Especially in Europe. Do you think the project will never come online? It's currently priced like it...when it couldn't be clearer - the gov, the bank, the EU, CEZ, the pm all want us online and we will be - Grant, DFS and offtake Q2 - by far the largest lithium deposit in all of Europe. Remember the facts and ignore the noise - clossed at circa 14.50 on the ASX
Https://www.youtube.com/live/zcgA367Jlxk?si=y0cYngPoHUCMgyLg
Keith around 40mins in
Key take aways;
News next week on hydroxide ( one of the final pieces left towards completing the DFS)
April announcements ( key info; Geomet and DRA Global were reviewing the findings, with an announcement expected before the end of April outlining significant improvements and developments. - Keith also mentioned in the interview last week that CEZs support has been invaluable and that will become evident in the annocement stage at the end of April. ( https://youtu.be/SR5WUvcLdVE?si=-5oJpEA9klU55ROF this one) I feel like there will be an announcement in relation to Cinovec to the CMA, possibly in linked to the 15 day Keith mentioned in the above interview - likely with them also classifying Cinovec as a strategic project.)
49mil grant news in May/end of Q2 ( if successful but from previous interviews it seems in hand - bids closed on December the 31st - there's 300million specifically for helping the region Cinovec is in to transition away from COAL - And there's only 11 strategic projects that money will go to and we are one of them. A €49/£42million non dilute grant would rerate the current 27mil mcap and is a has a considerable impact to the final project Capax - also will return all sentiment )
DFS and Off take sounds like May June, July the latest - with an upgrade from circa 30,000tpa to circa 60,000 which is Huge for the EU.
Keith has mentioned in the last 4 - 5 interviews Off take will come to fruition with the DFS and it also sounds in hand with a large partner with a floor and ceiling price.
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Dyor but i think EMH at a 27mil mcap is a huge opportunity - triple+ from here and we're still less than the price the European investment bank purchased 6million ( after 9 months of DD and were asking to invest 20million but EMH said no- and they will likely be a huge part of the final FID) Double the SP and were still less than the price before the DFS extention in December .
There's Been delays but we're already overdone and on the Cusp Now. Near thre 5 yearly low, over sold and disconnected for what the project actually is, how far advanced it is and how much support it has.
Government support https://www.lse.co.uk/rns/EMH/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html - backed by a major in CEZ ( 17bn mcap 70% owned by gov - the state power company ) and the European bank of construction and development. News rich April - The $49million grant could get there back there alone at the same time that DFS and offtake are landing - Off take Partner and DFS showing 30,000 and 60,000 are enough to challenge ATHs before FID. Big Q2 ahead.
Https://www.youtube.com/live/zcgA367Jlxk?si=foJbaWuUVRG7OH68
Keith in Singapore around 40 minutes in. 🔥
AIM-traded firm said the study, being undertaken by DRA Global, had encountered significant advancements since its inception.
Engineering work and social and environmental engagement efforts had highlighted several crucial aspects that could notably enhance the lithium processing component of the study.
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.
The board said that legislative development would be pivotal for the project, as it would facilitate shorter and simplified permitting processes, in addition to providing political and financial support for designated 'strategic projects'.
Additionally, it sid recent advancements in the definitive feasibility study process had confirmed the viability of previously published physical and hydrometallurgical process flowsheets, ensuring high levels of lithium recovery from run-of-mine ore to battery-grade end-products.
Ongoing engineering test work programmes were aimed at further improving process outcomes, including gangue removal, recycling and regeneration of reagents, and simplification of precipitation and crystallisation processes to reduce energy and water costs.
"Whilst it is unfortunate not to be able to provide a fully completed definitive feasibility study at this stage, I am confident that the developments currently being finalised will add significantly to the project," said executive chairman Keith Coughlan.
https://www.hl.co.uk/feeds/apps/sharecast?id=34184921
New article since the RNS
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The absolute waffle on here. EMH are funded and well supported. Il re share something
That's why in this market I'm happy to be rebuilding a position in EMH at what appears to be a bottom
17bn partner CEZ has funded them to FID ( FID circa 650million ) - with strong government and institutional support - No need to raise
https://youtu.be/SR5WUvcLdVE?si=UogRVYIC5mA-PWEN
Todays interview was assuring that its at stupid price at the moment - The european bank for reconstruction and development invested £6 million at 0.43 - currently sub 0.15
https://www.lse.co.uk/rns/EMH/ebrd-strategic-investment-in-emh-2lb5dkczzbh7j7n.html
Today's interview showed - EMH, CEZ, the Government and the EBRD are aligned and confident of offtake - likely large grants and overall the project coming into production.
2bn NPV - the largest lithum deposit in Europe.Safe, smart and good investment from here imo - should havnt dropped 55% from December just for a delay - that should all be made up now coming into a meanful newsrich period while close to a 52w low - announcements at the end of April, upgraded DFS, O
AIM-traded firm said the study, being undertaken by DRA Global, had encountered significant advancements since its inception.
Engineering work and social and environmental engagement efforts had highlighted several crucial aspects that could notably enhance the lithium processing component of the study.
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.
The board said that legislative development would be pivotal for the project, as it would facilitate shorter and simplified permitting processes, in addition to providing political and financial support for designated 'strategic projects'.
Additionally, it sid recent advancements in the definitive feasibility study process had confirmed the viability of previously published physical and hydrometallurgical process flowsheets, ensuring high levels of lithium recovery from run-of-mine ore to battery-grade end-products.
Ongoing engineering test work programmes were aimed at further improving process outcomes, including gangue removal, recycling and regeneration of reagents, and simplification of precipitation and crystallisation processes to reduce energy and water costs.
"Whilst it is unfortunate not to be able to provide a fully completed definitive feasibility study at this stage, I am confident that the developments currently being finalised will add significantly to the project," said executive chairman Keith Coughlan.
https://www.hl.co.uk/feeds/apps/sharecast?id=34184921
New article since the RNS
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The absolute waffle on here. EMH are funded and well supported. Il re share something
That's why in this market I'm happy to be rebuilding a position in EMH at what appears to be a bottom
17bn partner CEZ has funded them to FID ( FID circa 650million ) - with strong government and institutional support - No need to raise
https://youtu.be/SR5WUvcLdVE?si=UogRVYIC5mA-PWEN
Todays interview was assuring that its at stupid price at the moment - The european bank for reconstruction and development invested £6 million at 0.43 - currently sub 0.15
https://www.lse.co.uk/rns/EMH/ebrd-strategic-investment-in-emh-2lb5dkczzbh7j7n.html
Today's interview showed - EMH, CEZ, the Government and the EBRD are aligned and confident of offtake - likely large grants and overall the project coming into production.
2bn NPV - the largest lithum deposit in Europe.Safe, smart and good investment from here imo - should havnt dropped 55% from December just for a delay - that should all be made up now coming into a meanful newsrich period while close to a 52w low - announcements at the end of April, upgraded DFS
Just posted this to a group a friend's - though I'd share here. Really pleased with the interview today, looks like we're coming off the oversold bottom.
That's why in this market I'm happy to be rebuilding a position in EMH at what appears to be a bottom
17bn partner CEZ has funded them to FID ( FID circa 650million ) - with strong government and institutional support - No need to raise
https://youtu.be/SR5WUvcLdVE?si=UogRVYIC5mA-PWEN
Todays interview was assuring that its at stupid price at the moment - The european bank for reconstruction and development invested £6 million at 0.43 - currently sub 0.15
https://www.lse.co.uk/rns/EMH/ebrd-strategic-investment-in-emh-2lb5dkczzbh7j7n.html
Today's interview showed - EMH, CEZ, the Government and the EBRD are aligned and confident of offtake - likely large grants and overall the project coming into production.
2bn NPV - the largest lithum deposit in Europe.Safe, smart and good investment from here imo - should havnt dropped 55% from December just for a delay - now coming into a meanful newsrich period close to a 52w low
Https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
Looking a bit smelly not Skelly - blatant attempt to cause fear - after that interview you have no legs to stand on
Bring on April
Https://www.linkedin.com/posts/benchmark-mineral-intelligence_whats-in-store-for-lithium-prices-benchmark-activity-7179069741834108928-b11a?utm_source=share&utm_medium=member_android
Volume looking good today
Well happy with that interview. Exciting to here the april announcements - sounds like it could be the grant or in relation to offtakw
Excellent interview
Puts to rest Skelly and crews pointless bashing - likely the same person
Confirms the opportunity here - confidence of offtake coming to fruition similar time to DFS, not to much longer - the both CEZ and the governments desire and support for the project coming online. Confidence all is well with the project - and the SP is the sign of a bad market sentiment, impatient umoungst uncertain times and a falling lithium price that has been rebounding for many weeks now
Sounds like a big April is coming - all LTHs and new investors should watch it to see though the noise and find the facts.
You think you'd be telling the mindless bashers to calm down if you were holding.
There's about 3 posters here all working together to try to get the SP down - your pay double if a grant lands shortly
Closed at 14.47 equivalent in Australia 7%+ up
The current price is a opportunity for those well researched. Ignore the bashers clearly seeking to cause FOD
Https://www.linkedin.com/posts/benchmark-mineral-intelligence_chinese-lithium-prices-climb-higher-in-early-activity-7178752663583346688-H3e4?utm_source=share&utm_medium=member_android
Were highly profitable on the floor and ceiling price being negotiated with offtake partners
29,000 tonnes per annum - even at 17,000 is over 200million profit
Lithium sentiment and prices have been turning back up for sometime now and many credible sources on battery lithium surgest stable higher prices throughout 2024.
The demand is going nowhere. Down 55% since December on fear,uncertainty and impatient. For oversold and no realized value currently in the SP
Your negative opinion posted daily is likely the reason it's more than a 100% rise back to where we were in December - bringing some of the largest mines in the world online takes time - especially in the environment were in.
I prefer to follow the smart patient money like the multi million pound purchases below. They are holding for funding and will make millions once it's in.
https://www.lse.co.uk/rns/ebrd-strategic-investment-in-emh-2lb5dkczzbh7j7n.html
https://www.lse.co.uk/rns/tr-1-notification-of-major-holdings-vp1uvz09vo52fe9.html
Small extension on DFS - in Keiths words offtake partnerships are looking to come to fruition along side the DFS. Near a 5 year low? Already far over sold and far off snh realized asset value. How many companies have a sub 30mil mcap with a circa 2bn NPV - fundamentally undervalued
Looking to put a chunk in the new April isa
Last food for though - put this next to the PM visit to cinovec RNS posted yesterday
The first call for grant applications under the JTF opened on 14 November 2022 and closes on 31 December 2023.
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.
The maximum funding to be made available upon application to each Strategic Project in the Usti Region is CZK 1.2bn (approx €49M). The Cinovec Project has been allocated the maximum possible JTF grant of CZK 1.2B (approx €49M), subject to passing through the application process, funds remaining available and obtaining the necessary permits for the early-stage Cinovec work programmes to which this grant funding is planned to be applied to, in particular the early full development of the twin decline entry/egress system for the mine.
Accordingly, Geomet s.r.o (the Cinovec project company) will apply for JTF Grant funding for the maximum amount of CZK 1.2B (approx €49M).
Executive Chairman Keith Coughlan said:
"I am very pleased that the European Union via the Just Transition Fund has approved the Cinovec Project as a Strategic Project for the Usti Region of the Czech Republic. This approval provides further evidence of strong support from the Czech Government and the European Union and the Europe-wide recognition of the critical part which the Cinovec Project will play in enabling the EU to reach its stated goals of lithium self-sufficiency by 2030.
Morning - nice to see the ASX close at 7% up at a 14.47 equivalent
So. Noted that this board has a few very persistent bashers trying to cause fear, uncertainty and doubt. But to remind ourselves what were actually investing in. Cinovec is the largest lithium deposit in Europe and projects this size take time.
· Annual production of battery grade lithium hydroxide monohydrate modelled to increase from 25,267 tpa to 29,386 tpa, an increase of 16%.
· NPV8 (post tax) increases from US$1.108B to US$1.938B, an increase of 74.9%, based upon a lithiumhydroxide price of USD17,000 per tonne.
· Post tax IRR of 36.3% and a payback period of 2.5 years from the commencement of production.
· Up-front capital cost due to backfilling plant and additional capital costs to produce 29,386 tpa lithium hydroxide increased to US$644m.
· This 2022 PFS Update assumes the life of mine extraction of 13.1% of the Measured and Indicated JORC Resources at Cinovec.
· Use of tailings for backfill will result in a far smaller environmental impact, further enhancing the Project's already strong ESG credentials.
ZNWD have a few years and alot of work just catch up to where we are - are worth more, will produce less, from a smaller resource. Stop dramatizing this final extension.
For anyone who hasn't listened
Interviewer - "Partnership/offtake - we've spoken about Partnership offtake atlength for long period of time - how confident are you this particular agreement will drop in the near future?"
Keith "It's a juggle because of the macro factors, but as iv always said, we do want a partnership agreement. This is not a customer sort of arrangement, and the other parties want this as well. So this is a long-term partnership with exactly the right sort of people we want to be selling our product to. Other factors come into that conversation - 3rd party factors funding, EU grants and this sort of thing, but its the key factor for us now to bring it to fruition as we reach the end of the DFS and like i say its something im giving my full attention too."
This review process could significantly improve the economic and social/community outcomes. Geomet considers this to be an important development in the Project and makes a further delay in the DFS well justified.
Some reminders
https://www.lse.co.uk/rns/czech-pm-visits-cinovec-signs-moc-with-saxony-pm-mwkqeepvayfkxu7.html
Prime Minister Fiala has commented on the Cinovec project via social media, which translates to:
"Lithium is a critical and key raw material. Cínovec is the largest European deposit of this raw material. Thanks to this, the Czech Republic has a unique opportunity to contribute to both its own and European raw material security.
"We are on the threshold of a "lithium revolution" as the use of lithium will grow significantly. As a country with a large share of the automotive industry, it is important for us to support it and capture current trends.
"We are offered a unique chance to build the entire chain from mining to the production of electric cars. That is why we need lithium and we are trying to build a battery factory, the so-called gigafactory."
Prime Minister Fiala also commented on the MoC via social media, which translates to:
"I believe that this memorandum will help our cooperation on the development of the lithium deposit in Cínovec and, in the future, the creation of the entire production chain for the production of batteries for cars."
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· Annual production of battery grade lithium hydroxide monohydrate modelled to increase from 25,267 tpa to 29,386 tpa, an increase of 16%.
· NPV8 (post tax) increases from US$1.108B to US$1.938B, an increase of 74.9%, based upon a lithiumhydroxide price of USD17,000 per tonne.
· Post tax IRR of 36.3% and a payback period of 2.5 years from the commencement of production.
· Up-front capital cost due to backfilling plant and additional capital costs to produce 29,386 tpa lithium hydroxide increased to US$644m.
· This 2022 PFS Update assumes the life of mine extraction of 13.1% of the Measured and Indicated JORC Resources at Cinovec.
· Use of tailings for backfill will result in a far smaller environmental impact, further enhancing the Project's already strong ESG credentials.
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Government supported monster asset - while the lithium price sentiment has been turning for weeks. Near a 5 year low and so close to DFS - offtake - receiving grants .
Il be buying in this range for the inevitable move higher over the coming months - where's the bottom? 55% down since September for what? Look at the header - gready when others are fearful