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Skoda aims to make Czech Republic an E Mobility Hub including Battery Production at 15.20 to 15.30 min mark .
If all 200 factories were operating at full capacity , they would require 3 million tonnes of Lithium
https://www.visualcapitalist.com/mapped-ev-battery-manufacturing-capacity-by-region/
Increased Production and Profit
https://www.asx.com.au/asxpdf/20220128/pdf/455dd2xyz31bt0.pdf
PFS UPDATE DELIVERS OUTSTANDING RESULTS
75% INCREASE IN CINOVEC NPV TO US$1.94B
16% INCREASE IN PRODUCTION TO 29,386TPA
HIGHLIGHTS1
• The 2019 PFS Update for the Cinovec Project has been updated to demonstrate the effect of
changes in the mining process to incorporate the use of paste backfill, which results in an
increase in annual production, together with changes in lithium and by-product prices to reflect
current and expected market conditions.
• 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
lithium hydroxide price of USD17,000 per tonne which is significantly less than the current price.
• 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.
VW on the other hand are just so very slow . " which might even include becoming a shareholder in a mining firm " . With cooperation announcements due in some weeks " Xmas Rally ??
https://www.reuters.com/markets/commodities/vw-expects-battery-raw-material-drive-cost-up-34-bln-2021-12-01/
1 Million tonne demand by 2025 , Poduction FY 2020 , 300,000 tonnes .
https://open.spotify.com/show/6jZzmmYVDpTBpRyYPfejuL
Woooaaaa :
CONSTRUCTION BEGINING LATER NEXT YEAR !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Possibly doubling production
On Tuesday, the government and CEZ will probably sign a memorandum on a factory for batteries for electric cars, the so-called gigafactory. The investment is to amount to 52 billion crowns in the first phase.
Vláda a ČEZ v úterý zřejmě podepíšou memorandum o továrně na baterie pro elektromobily, tzv. gigafactory. Investice má v první fázi činit 52 miliard korun.
— ČT24 (@CT24zive) July 26, 2021
I smell a Tesla offtake in the wind , Nasdaq listing was supposed to be months away , why else would you list this early . Following piedmonts footsteps perhaps .
https://www.asx.com.au/asxpdf/20210618/pdf/44xgxwvvvmdlpk.pdf
A giant battery factory for electric cars in the Czech Republic
https://archiv.ihned.cz/c1-66935960-nejvetsi-investice-babisovy-vlady-obri-tovarna-na-baterie-pro-elektrovozy-v-cesku-ma-dostat-miliardove-pobidky
Rumours of New Battery Factory 64km away from ASX: EMH
European Metals Holdings Ltd (ASX: EMH; AIM: EMH; NASDAQ: ERPNF) is our third European battery metals investment.
We think we have found out why the EMH share price has been running the last couple of days.
EMH is developing the largest hard rock lithium resource in the EU at its Cínovec project in the Czech Republic.
We have come across some Czech news articles that look very promising for EMH investors.
KEY TAKEAWAY - According to local media, VW and EMH’s project partner CEZ are talking about building an electric vehicle battery factory in the Czech Republic - just 64km away from EMH’s lithium project.
Does this mean EMH is getting closer to a coveted offtake agreement?
An offtake agreement would be huge news for EMH, and would likely re-rate the stock.
We don't know if this will happen, but if your local project partner is planning a battery factory down the road, we think it's pretty likely they might seek to use their own lithium.
Europe is leading the global charge to switch to EVs with mandates for localised supply chains - we are investing in this thematic via companies that are developing large scale battery metal projects inside Europe.
Volkswagen is also preparing to enter the business with raw materials that are required for cell production.
https://amp2-handelsblatt-com.cdn.ampproject.org/c/s/amp2.handelsblatt.com/unternehmen/industrie/interview-vw-erwaegt-boersengang-des-batteriegeschaefts-vw-technikvorstand-will-in-rohstoff-geschaeft-einsteigen/27242244.html
Can't wait!!!! Exciting times head!!!
We will be $5 odd Aud after an offtake and will list Nasdaq proper soon after . VW just announced 6 giggafactories for Europe and ons possibly in Czech Republic where the mine is . VW will require 210,000 tonnes of Lithium . An offtake is near .
Hmmm why wouldn't they use one of these tickers get past the $4 and file for listing?
None . We will eventually list on Nasdaq Proper too and get another ticker .
Whats the difference between this one and the other stock euopean metals has?
Great and Accurate write up
https://wise-owl.com/reports/emh-is-leading-the-pack-to-be-the-first-local-eu-lithium-producer/
European Battery Alliance
"98% of the rare earth elements we need come from a single supplier: China. This is not sustainable." - @vonderleyen
— European Raw Materials Alliance (ERMA) (@EU_ERMA) February 24, 2021
ERMA 🇪🇺 aims to secure primary and secondary #rawmaterials supply for EU industrial ecosystems and support the transition to a green, circular and digital Europe. pic.twitter.com/JasvYkd6xc
How to play the great EV boom
https://www.livewiremarkets.com/wires/how-to-play-the-great-ev-boom
I know Cinovec...not far from where I live. Huge tin and Lithium deposits. Tesla building a plant in Germany about 240K from Cinovec...best part it's Lithium Carbonate and Hydrosxide.
300,000 Tonnes Li Production Target
With more than 80 per cent of the world’s Lithium Hydroxide being processed in China, Lincoln’s
skillset will augment EMH’s vision to dramatically reduce current and future Lithium
Hydroxide supply insecurity within the EU, including potentially supplying more than
one quarter of the projected Lithium Hydroxide demand until 2030 based on the
estimated European annual target production of 30 million electric vehicles.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02328123-6A1014731?access_token=83ff96335c2d45a094df02a206a39ff4
APPOINTMENT OF Ambassador Lincoln P. Bloomfield, Jr. as Non-Executive Director
Mon, 4th Jan 2021 08:35
RNS Number : 4122K
European Metals Holdings Limited
04 January 2021
Directorate Change and appointment of Nominated Adviser
APPOINTMENT OF Ambassador Lincoln P. Bloomfield, Jr. as Non-Executive Director
European Metals Holdings Limited (ASX & AIM: EMH, NASDAQ: ERPNF) ("European Metals" or the "Company") would like to announce the appointment of Ambassador Lincoln Palmer Bloomfield, Jr. as a Non-Executive Director of the Company.
Ambassador Bloomfield is based in Washington, DC, and brings governance and regulatory experience, years of international diplomacy, and security expertise to the EMH Board, along with a North American presence. Lincoln's private sector experience has frequently centered on sustainability, resilience and renewable energy.
The Ambassador's experience working within the security apparatus of the US Government under three presidents and five administrations brings critical know-how in dealing with security issues and strategic planning. He will deepen the Board's understanding of environmental threats and emerging resource insecurity concerns having potential national, regional and global impacts.
Ambassador Bloomfield is a valuable addition as EMH is focused on ESG-related aspects of the critical raw materials and battery supply chain, as part of its commitment to support the European Commission's new Batteries Regulation, a significant, far-reaching legislative development.
The European Commission has proposed an ambitious policy based on four key components: the Batteries Directive, Strategic Action Plan on Batteries; the European Green Deal; and the Circular Economy Action Plan. Ambassador Bloomfield's prior work in developing the US Government's first international policy on Cyber Security, and his related work on Critical Infrastructure Protection will help EMH and downstream partners operate securely for many years. He will support EMH in its key relationships with the European Commission, European Battery Alliance, European Raw Materials Alliance, and others seeking to create a highly secure, uniform and resilient framework for batteries and critical raw materials supply.
Ambassador Bloomfield's appointment is consistent with EMH's commitment to meet the new Batteries Regulation's three main objectives: strengthening the functioning of the EU internal market by ensuring a level playing field through a common set of rules; promoting a circular economy; and reducing environmental and social impact throughout all stages of the battery life cycle. Given the complexity of the new Batteries Regulation, EMH is reassured to know that he will be contributing to its efforts to achieve compliance throughout the organization.
Ambassador Bloomfield holds several roles in the private sector promoting sustainability. Having served for eight years until 2017 as Chairman of the non-partisan Stimson Center, he is now Stimson Chairman Emeritus. He is a Director and National Executive Committee Member of the U.S. Water Partnership, a public-private non-profit entity co-chaired by Madeleine Albright and Colin Powell. He is a Director of the Detroit-based non-profit energy NGO The Last Kilometer, and Vice Chairman of Mana Pacific, a Honolulu-based enterprise seeking to provide locally-managed and affordable renewable energy microgrids throughout the Pacific islands. He provides expert policy and consulting services to three Washington DC entities including the law firm Akin Gump. As President of Palmer Coates LLC, Lincoln maintains commercial relationships with startup entities developing innovative energy and transportation technologies, including as Advisor and investor in Seatrec, Inc. and President of an early-stage technology startup, called D3E, offering next-generation "optimal" flight control technology to enable robustness and autonomy in future drone aircraft.
A list of Ambassador Bloomfield's current directorships together with those held within the last five years is set out below:
Current Directorships
Palmer Coates LLC
Mana Pacific, Inc
The Last Kilometer Corp.
US Water Partnership
DDD Express LLC
Previous Directorships
The Henry L. Stimson Center
Ambassador Bloomfield (aged 68) has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.
Change of Nominated Adviser
The Company has also appointed WH Ireland Ltd as its Nominated Adviser on AIM, which came into effect as of 1 January 2021.
WH Ireland will also act as joint broker to the Company along with Shard Capital.
The Company would like to thank the team at Beaumont Cornish Limited for their service and advice to the Company since it listed on AIM.
ENQUIRIES:
European Metals Holdings Limited
Keith Coughlan, Executive Chairman
Kiran Morzaria, Non-Executive Director
Dennis Wilkins, Company Secretary
Tel: +61 (0) 419 996 333
Email: keith@europeanmet.com
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