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European Metals Holdings Ltd - developing Cinovec lithium project in Czech Republic - Czech government awards a grant of up to €360 million to Geomet sro for the development of the Cinovec lithium mine. Geomet holds the mineral exploration licenses for Cinovec. It is 49% owned by European Metals and 51% by CEZ as. The final amount of the grant will be confirmed upon formal award, European Metals says, which calls it a ‘transformational milestone’. It ‘represents one of the largest direct project-level funding commitments to a critical raw materials project’ in the EU. Current stock price: 18.35 pence, up 47% in London on Friday morning 12-month change: up from 7.83p Copyright 2025 Alliance News Ltd. All Rights Reserved.
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