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Czech PM visits Cinovec, signs MoC with Saxony PM
Czech PM visits Cinovec, signs MoC with Saxony PM.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n\n18 May 2023\nReach\nEuropean Metals Holdings Limited\n(\"European Metals\" or the \"Company\")\nCzech PM visits Cinovec, signs key MoC with PM of Saxony\nHighlights:\n- Czech Republic Prime Minister, Petr Fiala, visits the globally significant Cinovec Lithium Project\n- PM Fiala signs Memorandum of Cooperation (\"MoC\") with Prime Minister Kretschmer of the German state of Saxony to enhance cooperation on strategic projects, including Cinovec.\n \nEuropean Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF) is pleased to advise Czech Republic Prime Minister, Petr Fiala, has visited the Cinovec Project, which is a globally significant lithium deposit and also sought to expedite the development of significant projects, such as Cinovec.\nPrime Minister Fiala has commented on the Cinovec project via social media, which translates to:\n\"Lithium is a critical and key raw material. Cínovec is the largest European deposit of this raw material. Thanks to this, the Czech Republic has a unique opportunity to contribute to both its own and European raw material security.\n\"We are on the threshold of a \"lithium revolution\" as the use of lithium will grow significantly. As a country with a large share of the automotive industry, it is important for us to support it and capture current trends.\n\"We are offered a unique chance to build the entire chain from mining to the production of electric cars. That is why we need lithium and we are trying to build a battery factory, the so-called gigafactory.\"\nPrime Minister Fiala also commented on the MoC via social media, which translates to:\n\"I believe that this memorandum will help our cooperation on the development of the lithium deposit in Cínovec and, in the future, the creation of the entire production chain for the production of batteries for cars.\"\n \n\nPrime Minister Petr Fiala (Left) and Pavel Cyrani, ČEZ Vice-Chairperson of the Board of Directors (Right) at the Cinovec project.\n \nFollowing a visit to Cinovec, Mr Fiala continued across the Czech border to the nearby German city of Dresden, signing a Memorandum of Cooperation (\"MoC\") on the implementation of projects of strategic importance with Saxon Prime Minister Michael Kretschmer.\nThe MoC strengthens cooperation between the states on ...