European Metals and its Czech partner choosing a site for the ore beneficiation and battery-grade lithium plant at Cinovec is timely, suggests WH Ireland.
The layout of the proposed plants and design of the ore corridor can now be finalised and brought into the Feasibility Study, expected to be finalised in the final quarter of this year.
"EMH is in the final straight as it completes the studies and creates the blueprint for the delivery of the project," the broker added
"Cinovec will be a significant pure lithium producer in the EU – a region where there is little domestic raw material production and a region with a huge demand as it battles to achieve a carbon-neutral future."