European Metals Holdings Ltd (ERPNF)

[Fingers xed]

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.