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European Metals Holdings Limited (EMHXY) has announced significant updates regarding the Cinovec Project, focusing on its environmental assessments and renewable energy plans. A recent Life Cycle Assessment (LCA) conducted by Minviro confirms Cinovec's potential to produce lithium chemicals with low CO2 emissions, utilizing 100% renewable energy from CEZ. The project aims to have lower acidification and water use compared to competitors, enhancing its sustainability credentials. CEZ plans to expand its renewable power capacity by 1500 MW by 2025, ensuring sustainable operations at Cinovec.
European Metals Holdings Limited announces a significant update to the Cinovec Project. The 2019 PFS Update shows a 75% increase in NPV to US$1.94 billion and a 16% rise in lithium production to 29,386 tpa. The project’s new mining method, using paste backfill, enhances ore extraction and reduces environmental impact. With a post-tax IRR of 36.3% and a payback period of 2.5 years, this update reflects favorable market conditions for lithium hydroxide, significantly boosting the project’s economic viability.
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