EIT InnoEnergy to assist EMH in securing funding for Cinovec lithium project

Lithium and tin miner European Metals Holdings’ (EMH’s) wholly-owned subsidiary Geomet has entered into a value-added services (VAS) agreement with KIC InnoEnergy (EIT InnoEnergy) for the miner’s Cinovec lithium project in the Czech Republic.

The project, which is a joint venture (JV) between EMH and power distribution company CEZ, has been recently funded to the amount of about €29-million, taking the project through to a construction decision.