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Share Name | Share Symbol | Market | Type |
---|---|---|---|
European Metals Holdings Ltd (QX) | USOTC:ERPNF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.3026 | 0.00 | 01:00:00 |
Simplified Extraction Process Delivers Exceptionally Clean Battery-Grade Lithium Product With Improved Economics
West Perth, WA, Australia -- 1st November 2022 -- InvestorsHub NewsWire -- European Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF) (“European Metals” or the “Company”) is pleased to announce significant developments in the processing flowsheet for the Cinovec vertically integrated battery metals project (“Cinovec”) in Czech Republic.
Highlights:
Keith Coughlan, Executive Chairman, said“The completion of flowsheet development work in both the FECAB and LCP is a significant milestone for the Cinovec Project. The simplification of the process, the improved economics, and the addition of two new significant potential end products are all very pleasing results. This simplification, in reducing the complexity and in reducing the steps required in the LCP process from 15 to 7, eliminates some potential process flowsheet risks. Testwork to confirm optimised FECAB and LCP flowsheets is now complete and production of significant quantities of battery grade lithium chemicals is expected to be available for distribution to long term European offtake partners early next year.
“The quality of the product is also excellent with almost battery grade material produced as our crude material. In addition, the reduction in both reagent use and energy consumption add to already excellent ESG credentials.
“Now that the simplified flow sheet has been released to the market, the Company looks forward to being able to provide more frequent updates regarding progress towards completion of the Definitive Feasibility Study (“DFS”) based on the new flowsheet as well as progress on the offtake discussions in which the Company has been engaged.”.
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