Business
AGM Statement
AGM Statement.
About this update from Zinnwald Lithium Plc
[{"type":"text","content":"\n\nZinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining\n25 June 2025\n \nZinnwald Lithium plc ('Zinnwald Lithium' or the 'Company')\n \nAGM Statement\n \nZinnwald Lithium plc, the European focused lithium company developing the integrated Zinnwald Lithium Project (the 'Project') in Germany, is holding its Annual General Meeting (\"AGM\") today. In his address to shareholders, CEO, Anton du Plessis, will deliver the following statement:\n \n\"We continue to make good progress at our integrated lithium hydroxide (\"LiOH\") project in Saxony, which we believe ranks among Europe's most strategically significant lithium assets. The Pre-Feasibility Study (\"PFS\") published in March 2025 reinforced this view, demonstrating the potential for our LiOH production plans to support the electrification of over one million electric vehicles annually. The study also outlined a compelling post-tax NPV of €2.2 billion, an IRR approaching 20%, and projected cumulative cash flows of €12.1 billion over a mine life of more than 40 years.\n \n\"That said, broader market conditions remain challenging. Although the lithium market is expected to enter a supply deficit towards the end of the decade, current investor sentiment across the sector is subdued. In this context, we were pleased to successfully complete our recent c.£3.4 million fundraise, which received strong support from our core shareholders including AMG Lithium and new investors. This endorsement reflects confidence in the long-term potential of our Project, which is expected to come into production as the lithium deficit emerges.\n \n\"Given the current market backdrop, our relationship with the Saxon State Government is more important than ever. We are therefore especially grateful for its recent designation of the Project as one of 'outstanding importance' - a recognition that highlights its economic and strategic value to the region and to Europe's energy transition. Combined with our deep-rooted regional partnerships, this provides a solid foundation as we focus on optimising our plans, building strategic alliances, and progressing development.\n \n\"Community engagement remains central to our strategy, ensuring local stakeholders play a meaningful role in shaping what we aim to be one of the world's most sustainable lithium pr...