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USD 36m JTF Grant Approved for Cinovec Project
USD 36m JTF Grant Approved for Cinovec Project.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n\nFor immediate release 28 April 2025\nThe information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 (\"MAR\") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \nUSD 36 million Just Transition Fund Grant\nApproved for Cinovec Project\n \nEuropean Metals Holdings Limited (ASX & AIM: EMH, OTCQX and OTCQB: EMHXY and EMHLF) (\"European Metals\" or the \"Company\") is pleased to announce the following update in relation to grant funding by the European Union for the Cinovec Project (\"Cinovec\" or \"the Project\").\nHighlights\n· Czech selection panel of the managing authority for the EU Just Transition Fund (\"JTF\") has approved a CZK 800 million (US$ 36 million) grant to the Cinovec Project.\n· JTF grant is conditional on the Project Environmental Impact Assessment (\"EIA\") being submitted by 31st December 2025 and approval of the EIA by the Czech Ministry of Environment by 30th June 2026.\n· The Cinovec Project is a Strategic Project under the EU Critical Raw Materials Act (\"CRMA\").\n· Cinovec mineral deposit is designated a Strategic Deposit by the Czech government for the purposes of the Czech Construction Code.\n \nJust Transition Fund\nFurther to the Project being declared a ...