European Metals Holdings could begin operations at its Cinovec lithium project in the Czech Republic by mid-2022, and is holding preliminary discussions with potential customers, it said on Monday.
Czech utility CEZ, in which the state holds a 70% share, last week said it had conditionally agreed to provide two-million euros ($2.2-million) through a convertible loan to EMH which paves the way for it to become one of EMH’s largest shareholders.