European Metals, an exploration and development company that aims to create a sustainable European lithium supply chain, has announced the delay in publication of its definitive feasibility study (DFS) for the Cinovec lithium project in Czech Republic.
According to the company, the Cinovec is a vertically integrated battery metals project. European Metals planned to release the DFS in the first quarter but postponed it due to continued engineering work and social and environmental engagement efforts.
Meanwhile, these efforts have unearthed potential improvements to the future lithium processing capacity. The company said that the extended period of the DFS would not impact the overall project timeline.
The Cinovec project is to be aligned with the European Union’s Critical Raw Materials Act (CRMA). It has already been granted strategic process status under the EU's Just Transition Fund. Such designated projects will receive political and financial support to enable the projects to reach production in the shortest timeframes possible.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
