Czech Government Approves Up to €360 Million Grant for Cinovec Lithium Project
European Metals Holdings Limited (ASX: EMH) has announced that the Czech Government has approved a grant of up to €360 million (approximately AU$645 million) to support development of the Cinovec Lithium Project. The funding is part of the national programme designed to accelerate large-scale investments that contribute to a climate-neutral economy.
The grant highlights strong national and European-level backing for Cinovec, which has already been recognised as both a Strategic Project under the EU Critical Raw Materials Act and a Strategic Deposit by the Czech Government. These designations streamline permitting, enhance access to institutional funding and reinforce Cinovec’s importance in strengthening Europe’s lithium supply chain.
The grant will reimburse eligible capital expenditure, with annual drawdowns expected once administrative procedures are completed. The project must reach completion before 31 December 2032.
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Czech Government Approves Up to €360 Million Grant for Cinovec Lithium Project
European Metals Holdings Limited (ASX: EMH) has announced that the Czech Government has approved a grant of up to €360 million (approximately AU$645 million) to support development of the Cinovec Lithium Project. The funding is part of the national programme designed to accelerate large-scale investments that contribute to a climate-neutral economy.
The grant highlights strong national and European-level backing for Cinovec, which has already been recognised as both a Strategic Project under the EU Critical Raw Materials Act and a Strategic Deposit by the Czech Government. These designations streamline permitting, enhance access to institutional funding and reinforce Cinovec’s importance in strengthening Europe’s lithium supply chain.
The grant will reimburse eligible capital expenditure, with annual drawdowns expected once administrative procedures are completed. The project must reach completion before 31 December 2032.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au