30 C
Belgrade
Supported byspot_img
spot_img

European Metals Holdings Buys Land in Czech Republic for $44 Mln for New Lithium Plant

Member of Europium Groupspot_img
Supported byspot_img

European Metals Holdings said Friday that its 49%-owned subsidiary Geomet has bought land for $44 million at Czech industrial site Dukla to construct a lithium processing plant.

The Australia-based mining company said the close location of the Dukla site to its lithium and tin Cinovec project site will help reduce transport costs.

“The Dukla land acquisition marks another major milestone in Cinovec’s evolution into a future battery grade lithium supply hub for Europe and the rest of the world,” Chief Executive of Cadence Minerals Kiran Morzaria said.

Supported by

Cadence holds around 6.8% percent of the equity in European Metals Holdings.

 

Source: Market Watch

Supported byElevatePR Digital

Related News

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Critical Materials Act: Europe’s strategy for securing green technology supply chains

In May 2024, the EU Critical Raw Materials Act (CRMA) came into force, setting ambitious benchmarks for the domestic production and diversification of strategic...

Critical materials and the path to resilience: Europe’s quest for technological independence

The sustainability and resilience of modern economies hinge critically on the availability and management of key raw materials, such as lithium, cobalt and nickel....

“Protect Jadar and Rađevina”: No dialogue with Rio Tinto, their study is illegal

The association "Protect Jadar and Rađevina" announced today that they oppose opening any dialogue with the company Rio Sava Exploration regarding its environmental impact...
Supported by
Supported by
Supported by
error: Content is protected !!