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Australia's EMH signs deal to mine lithium in Czech Republic

Staff Writer | October 3, 2017
European Metals Holdings Limited signed a memorandum of understanding (MoU) with the Czech government regarding the development of its Conovec lithium-tin project in the country.
European Metals
Mining   European Metals
The MoU was signed today and EMH said it expresses willingness from both sides to work together to support not only this project but also the future of mining in the local area.

Among other things, the ministry of industry and trade and the AIM-quoted group will investigate suitable locations for processing facilities and co-operate to make sure all regulatory boxes are ticked in “a timely manner”.

The two will also explore the possibility of the government taking an equity stake in the project.

“I am very happy that we have today jointly agreed with European Metals our shared objectives for the important Cinovec Project,” said minister of industry and trade Jiri Havlicek.

EMH managing director Keith Coughlan added: “European Metals fully supports the Ministry of Industry and Trade's plan to process extracted lithium ore into the final intermediate products in the Czech Republic which is in line with own our development plans for Cinovec.