The PFS remains on track to be published in Q1 they said two weeks ago.... |
Znwd has no cash, EMH has a partner who can bridge the gap before EU funds arrive |
I am expecting a cap raise from EBRD for EMH. We have enough cash to see the DFS completed but after that for sure. |
I agree this should have happened a few years ago. Problem now is neither party has any cash and they are operating on different timelines. Zinnwald needs cash urgently |
paul - more chance of some kind of tie up with EMH now i think. KC alluded to some partnerships in his webinar the other day this would make sense, no point spending hundreds of millions on a seperate processing facility, they could just enlarge the EMH further and ship the ore from the german side of the border. less capex for Zinwald and EMH definitely qualify for some of the german incentives that have been talked about. |
No chance of a placing here unless they announce an offtake. Unfortunately that is highly unlikely at this stage |
The next placing should rinse out a few. |
They have no cash either |
May be EMH will buy us? |
Awful timing to now produce a PFS which no one will put any faith in. Board must be in serious panic mode |
EMH up 100%. ZNWD down %26. |
The non-exec chairman Jeremy Martin has a chequered record when it comes to getting exploration companies over the line.With Horizonte,shareholders were assured everything was heading towards production within the year when,out of the blue,it was announced that the company was half billion dollars short of the readies.I've been nervous of his involvement in this company since.These AIM small mining exploration are a complete lottery but,given geopolitical factors,i'd be surprised if the story here is over.Wishful thinking probably. |
Should be some resignations here, unbelievable they messed this up completely. |
When it's fully bombed out I expect they'll need some cash. So lots of dilution to come to keep the lights on. |
Indeed and Jeremy Martin as CEO of Horizonte Mining did just that.He has previous and i'm sure he'll keep Zinnwald trucking on to the end :) |
Flogging a dead horse, comes to mind. At least the BOD will make a living spinning it out for the next decade or so. |
The market doesn’t like that!
Overreaction??
Gla |
 RNS Number : 0980C
Zinnwald Lithium PLC
25 March 2025
Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining
25 March 2025
Zinnwald Lithium plc ('Zinnwald Lithium' or the 'Company')
Update re CRMA Application
Zinnwald Lithium plc, the European focused lithium company developing the integrated Zinnwald Lithium Project (the 'Project') in Germany, announces an update regarding its application for "strategic" status under the Critical Raw Materials Act ('CRMA'), which was unsuccessful. Despite this outcome, Zinnwald Lithium remains optimistic about its long-term prospects as one of the few near-term, sustainable lithium production projects in Europe with the size of resource that can be a significant contributor to European supply.
While the Company is disappointed to not have been selected as a "strategic" project, it notes that this designation does not itself bestow any specific advantage in terms of funding or specific quantifiable assistance with, or acceleration of, established permitting and project approval timelines. It also notes that, as previously disclosed, it has been identified as a project of strategic importance to the state of Saxony as referenced in the coalition agreement published in December 2024 and by the German Chancellor during his visits in 2024.
In its review of the Project, the CRMA noted that the Project has the potential to make a significant contribution to future supply of lithium for the European Union ('EU'). The Company is currently focused on completion of its Preliminary Feasibility Study ('PFS') that it believes will demonstrate the scale, potential and path to realisation of the Project as one of the largest battery grade lithium projects in the EU over a long operational life. This is underpinned by the mineral resource estimate published in June 2024 that highlighted the Project as having the second largest hard rock lithium resource in EU.
Zinnwald Lithium's CEO, Anton du Plessis, commented: "While this decision is disappointing, it does not alter the fundamentals of our business. The European battery supply chain remains underdeveloped, and demand for lithium is set to increase. Although the CRMA did not live up to its promises in this instance, we remain steadfast in our belief that projects like ours will be vital to Europe's energy security. The need for local, sustainable sources of critical materials remains as urgent as ever."
*ENDS* |
I think EMH will always get the nod. I imaging doing anything in Germany would be a real problem. |
The only explanation I can think of here is that the project wasn't sufficiently advanced to gain approval this time around. Management now under pressure having promised PFS and with cash running out |
I doubt they'll be one here. |
So Zinnwald has not been given EU CRMA strategic project status. Disaster... could be terminal |
So Cinovec has been confirmed as an EU Strategic Project ... nothing here yet |
Apparently EU strategic projects to be announced on 25 March |
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