EMH secures land for its lithium plant in the Czech Republic
Our EU based development stage lithium Investment European Metals Holdings (ASX: EMH) just signed a deal for the land where its lithium plant will sit.
EMH and its Joint Venture (JV) partner CEZ (Czech utility company, 70% owned by the Czech government) agreed to a deal that would see the company take control of ~24.3 hectares of ground only ~6km away from its lithium project.
The site is where EMH plans to build its lithium plant.
This particular area was chosen because EMH and its JV partner have already done all of the scoping work to see if the site is suitable for its lithium plant.
EMH and its JV partner are to pay US$43.96M for the ground.
EMH will now wait for rezoning applications to come in before settlement of the acquisition is completed in 2024.
What’s next for EMH?
