Giga Europe conference in Brussels today. Loads of chat about security of supply etc. Amongst other agenda items is What is the state of play of CRMA Strategic projects. Well the answer is there won?t be any soon as they have no cash and no investment. |
So PFS imminent and EU CRMA support due too. Will either move the needle here or is it lights out |
I've always said the most likely project of the two is EMH. As their mining is more likely to happen. |
This is missing out on the rebound at EMH. EU news imminent and PFS too |
Yawn...nothing new as expected |
EU automotive package out tomorrow apparently. Offering some support for EU battery making and increasing local content etc Is it too little too late as usual |
Obviously lots of coverage about critical minerals in Ukraine. Meanwhile both EMH and Zinnwald lithium projects gathering dust |
I think the lights have gone out here ... |
They'll be able to raise via some bucket shop that will pre-sell and make a nice profit while ZNWD will keep the lights on at the expense of the mug punters. |
They won't be able to raise money in these markets. Needs EU funding and an offtake investor otherwise not going to happen. But that's reflected in the price already |
Blimey, they think they're going to spin this out for at least another five years. That's another five years of salaries. Where are they going to get that money from ... PLACINGS! |
Nothing new. Cash 5m Euro so they desperately need EU and German funding |
 Key Updates:
Pre-Feasibility Study (PFS): On track for Q1 2025 publication, incorporating expanded production scenarios.
Mining & Processing:
Detailed mine plan finalized, Reserve Statement in preparation.
Mineral processing, calcination, and hydrometallurgical testwork near completion.
Infrastructure planning confirms sufficient power, water, and gas supplies.
Environmental & Permitting:
Advancing licensing with updates submitted to Landesdirektion Sachsen.
12-month environmental baseline studies underway.
ERM contracted for Environmental & Social Impact Assessment (ESIA) Scoping Study.
Sustainability Initiatives:
LOI signed with Solar-Bau to explore long-term clean energy offtake.
Cross-border hydrogeological study launched with Geomet s.r.o.
Government & Strategic Support:
Saxony’s new CDU-SPD coalition prioritizes mining project approvals, specifically referencing Zinnwald Lithium.
Ongoing discussions with German Chancellor Olaf Scholz on raw material security.
Application for EU Critical Raw Materials Act (CRMA) designation under review.
Financial Position & Outlook:
Cash reserves of €5.0 million as of 27 January 2025.
Focus remains on publishing the PFS, followed by a Definitive Feasibility Study and large-scale pilot testing. |
Please expand |
Committee papers looking good. |
Just imagine what might happen if they actually deliver some new news .. |
Less than 50k pounds stock traded so probably just a few small guys buying on rumours of EU funding. But maybe it suggests market makers are a bit short |
Something going on now! |
Nothing for four months. Maybe someone turned the lights out already |
I guess the Trump stuff might just kill this off. EU support too little too late as ever |
Interesting FT article about Saudi wanting to develop lithium supply chain. Maybe just maybe they will rescue this project |
I think it's probably a non starter, unless the Chinese get involved ( I just saw a pig fly past my window). |
Nothing from the company since 20 September. Anyone still there or is everyone in hibernation |
The lithium sector isn?t quite dead yet. VW announces offtake and equity stake in Patriot Battery Metals. |
EMH said CRMA announcements would be March .. |
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