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Cinovec Declared a Strategic Project Under EU CRMA
Cinovec Declared a Strategic Project Under EU CRMA.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n\nFor immediate release 25 March 2025\nCINOVEC DECLARED A STRATEGIC PROJECT UNDER EU CRITICAL RAW MATERIALS ACT\n \nEuropean Metals Holdings Limited (ASX & AIM: EMH, OTCQX and OTCQB: EMHXY and EMHLF) (\"European Metals\" or the \"Company\") is pleased to announce that the European Commission has declared Cinovec to be a Strategic Project under the recently implemented Critical Raw Materials Act (\"CRMA\").\n· Declaration confirms the importance of Cinovec in supplying battery grade lithium chemicals to the European battery supply chain.\n· Strategic Project status will bring with it explicit support from European institutions, including financial institutions.\n· Permitting will be brought within accelerated and simplified process and time limits set out within the CRMA.\nThe CRMA aims to strengthen security of critical raw material supplies, reduce dependence on imports from third countries, and support innovation in the sustainable sourcing of mineral resources. Lithium is a key raw material for the transition to a modern low-carbon economy, and critical for the development of the automotive industry and the modernisation of the power sector.\n \nStrategic Project Status under the EU Critical Raw Materials Act\nThe designation of the Cinovec Project as a Strategic Project under the CRMA represents confirmation of the advanced stage of development of the Project. The definitive feasibility study (\"DFS\") is progressing towards completion in mid-2025, with the Environmental Impact Assess...