European Metals Holdings is a mineral exploration and development company focused on advancing the Cinovec Project, the largest hard rock lithium and tin resource in Europe. Located in the Czech Republic, Cinovec positions the company as a critical player in supporting the European Union’s energy transition and the growing demand for electric vehicle (EV) batteries. The company is listed on multiple stock exchanges, including the Australian Securities Exchange (ASX), the Alternative Investment Market (AIM), and OTCQX, reflecting its global reach and investor appeal.
European Metals Holdings is dedicated to creating a sustainable lithium supply chain within Europe. With lithium being a vital component for EV batteries, the company’s efforts align with the EU’s goal of reducing reliance on imported lithium and fostering a self-sufficient battery industry. The Cinovec Project is designed to be vertically integrated, encompassing both mining and processing to produce battery-grade lithium hydroxide, a material essential for high-performance lithium-ion batteries.
The company is committed to sustainability, aiming to minimize its carbon footprint while contributing to the EU’s green energy initiatives. Through strategic partnerships and a strong Environmental, Social, and Governance (ESG) profile, European Metals Holdings is poised to play a significant role in the transition to renewable energy and electric mobility in Europe.
Battery Technology
European Metals Holdings focuses on supplying lithium hydroxide, a critical material for lithium-ion batteries used in electric vehicles and energy storage systems. The company’s Cinovec Project is designed to produce battery-grade lithium hydroxide through a vertically integrated operation, ensuring efficiency and cost-effectiveness. This approach allows the company to control the entire supply chain, from resource extraction to the delivery of high-quality lithium products.
The demand for lithium hydroxide is driven by its importance in manufacturing high-energy-density lithium-ion batteries, which are essential for the EV market. European Metals Holdings aims to meet this demand by providing a local and sustainable source of lithium within Europe. The company’s production process emphasizes environmental responsibility, with a focus on reducing emissions and adhering to EU sustainability standards.
By supplying lithium hydroxide to European gigafactories and battery manufacturers, European Metals Holdings supports the development of a resilient and self-sufficient battery industry in Europe. This is particularly important as the EU seeks to reduce its dependency on lithium imports from regions such as China and South America.
Recent Projects
In the past year, European Metals Holdings has achieved significant milestones in its Cinovec Project. The company successfully produced high-grade lithium hydroxide monohydrate during its pilot program, demonstrating the quality and purity of its lithium products. This success positions the company to attract a broader range of off-take agreements with battery manufacturers.
The company has also progressed with the definitive feasibility study (DFS) for the Cinovec Project, which is expected to be completed in early 2024. Additionally, European Metals Holdings secured exploration license extensions for the Cinovec site, allowing continued development activities through 2026. These developments demonstrate the companies commitment to advancing its lithium production capabilities and supporting the European battery market.
Investors
European Metals Holdings has attracted significant investment from strategic partners, reflecting its potential as a key player in the European lithium supply chain. CEZ a.s., the Czech national power utility, holds a 51% stake in the project company, Geomet, and has invested approximately €29 million to support the development of the Cinovec Project.
The company has also secured funding from the European Bank for Reconstruction and Development (EBRD), which invested €6 million in 2023. Additionally, European Metals Holdings has partnered with EIT InnoEnergy, a leading sustainable energy organization, to facilitate construction financing and commercialization of the project. These partnerships provide the company with financial support and operational expertise, enabling it to accelerate the development of its lithium resources.
Business Details
Location: West Perth, Western Australia, Australia
Website: https://europeanmet.com
LinkedIn: https://www.linkedin.com/company/10536530
