Yahoo Finance European Metals still aiming to publish DFS this year
London, UK --News Direct-- European Metals Holdings Ltd
European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTCQX:EMHLF) Executive Chairman Keith Coughlan speaks to Thomas Warner from Proactive after the mineral exploration and development company announced results from the Lithium Chemical Plant (LCP) pilot programme at its Cinovec Project in the Czech Republic.
The company has reported favourable outcomes from ongoing test work, notably producing high-purity battery-grade lithium carbonate. Coughlan says that European Metals is still determining the final product, with a noticeable market shift in Europe from lithium hydroxide to lithium carbonate on account of increasing demand for lithium iron phosphate (LFP) batteries, for which carbonate is preferred.
Amid these developments, Coughlan affirmed that the definitive feasibility study (DFS) is on schedule for release by year-end. He says that the Cinovec Project, which has significant support from the Czech government and has been deemed strategic by the EU, bolstered by a €50 million grant, is anticipated to receive continued financial and legislative backing.
Coughlan remains optimistic about the project's progress and the forthcoming final investment decision, underscored by the project's importance to the EU's lithium production ambitions.
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