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UPDATE: European Metals produces lithium hydroxide monohydrate

11th Apr 2024 10:53

European Metals Holdings Ltd - Czech Republic-focused mineral exploration and development - Produces lithium hydroxide monohydrate from pregnant leach solution, which was manufactured during the recent larger-scale Cinovec pilot programme. Says the pilot programme confirms the viability of the lithium chemical plant process flow sheet for the industrial-scale production of lithium carbonate and lithium hydroxide. Chair Keith Coughlan says: "We are extremely pleased with the results from the lithium hydroxide test program. The lithium hydroxide produced was of the highest grade possible and exceptionally clean. This, when combined with the ability to produce either battery-grade lithium carbonate or hydroxide, enables a wider range of off-takers for the Cinovec product." Cadence Minerals PLC, an investment and development company focused on energy transition minerals which owns a 3.2% stake in European Metals, positively notes the firm's update.

European Metals current stock price: 18.65 pence, up 33% on Thursday morning in London

12-month change: down 42%

Cadence Minerals current stock price: 3.64 pence, up 7.1%

12-month change: down 64%

By Sabrina Penty, Alliance News reporter

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