18 Jan 2022 12:06
Zinnwald Lithium plc
("Zinnwald Lithium" or the "Company")
Holding(s) in Company
Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development company, has been informed that M&G plc has an interest in 11,500,000 ordinary shares in the Company, equivalent to 3.92 per cent. of the Company's current issued share capital.
For further information contact:
Anton du Plessis | Zinnwald Lithium plc | info@zinnwaldlithium.com |
David Hart/Liz Kirchner | Allenby Capital Limited (Nominated Adviser) | +44 (0) 20 3328 5656 |
Mike Seabrook / Robert Hayward / Chris Crawford | Oberon Capital (Joint Broker) | +44 (0) 20 3179 5344 +44 (0) 20 3179 5315 |
James Pope/Andy Thacker | Turner Pope Investments (TPI) Ltd (Joint Broker) | +44 (0) 20 3657 0050 |
Isabel de Salis/Frank Buhagiar | St Brides Partners (Financial PR) | info@stbridespartners.co.uk |
Notes
Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium development company focussed on becoming an important supplier to Europe's fast-growing battery sector. The Company owns the Zinnwald Lithium Project in Germany, a late-stage development project with attractive economics and approved mining licence. A Feasibility Study, published in June 2019, highlighted a 428m pre-tax NPV, a pre-tax IRR of 27.4% and a 46% EBITDA margin for Zinnwald. The project is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's most advanced battery grade lithium projects.
Zinnwald Lithium (ZNWD)