European Metals Holdings announces lithium production increase

European Metals Holdings (ASX:EMH) has revealed a substantial increase in planned lithium production at its Cinovec Project. The company aims to boost battery-grade lithium hydroxide monohydrate production by 42% to 41,658 tonnes per annum, or 36,670 tonnes per annum of battery-grade lithium carbonate. This expansion will increase run-of-mine ore production by 42%, ensuring economic benefits through economies of scale.

European Metals Holdings' strategic lithium expansion

European Metals Holdings is significantly increasing its lithium production at the Cinovec Project, aiming for a 42% rise in battery-grade lithium hydroxide and carbonate output. This increase is facilitated by relocating the processing plant to a larger site, promising economic benefits from economies of scale. The project remains on track for its Definitive Feasibility Study results by mid-2025. Located on the Czech Republic-Germany border, Cinovec is the largest EU hard rock lithium project, supporting the EU's Critical Raw Materials Act. The project is partly owned by CEZ a.s., emphasizing clean energy and battery initiatives, aligning with EU strategic objectives.

Insights from European Metals Holdings on expansion

The Cinovec Project is key to the EU's lithium self-sufficiency goals for 2030.