28th Nov 2025 09:38
European Metals Holdings Ltd - developing Cinovec lithium project in Czech Republic - Czech government awards a grant of up to EUR360 million to Geomet sro for the development of the Cinovec lithium mine. Geomet holds the mineral exploration licenses for Cinovec. It is 49% owned by European Metals and 51% by CEZ as. The final amount of the grant will be confirmed upon formal award, European Metals says, which calls it a "transformational milestone". It "represents one of the largest direct project-level funding commitments to a critical raw materials project" in the EU.
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By Tom Waite, Alliance News editor
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