European Metals Holdings Limited (ASX:EMH) Declares Cinovec as Strategic Deposit
Strategic Deposit Designation
European Metals Holdings Limited has announced that the Cinovec mineral deposit has been designated as a Strategic Deposit under the Czech Construction Code. This designation accelerates permitting processes, prioritizes permit approvals, reduces administrative burdens, and allows the use of exceptional procedures.
Investor Impact
The strategic status enhances predictability and speed in developing the Cinovec Project, facilitating timely extraction of lithium, essential for energy security and industrial needs in Europe.
Executive Comments
Keith Coughlan, Executive Chairman, commented: “The designation of the Cinovec Project as a strategic deposit is a significant milestone which has been achieved through the diligent work of Geomet and CEZ. This designation will enable the project timeline to be expedited and provides a clear signal of the importance of the development of Cinovec by the Czech Government for both the European car industry as well as the EU green transition.”
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