Update re CRMA Application
Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining
25 March 2025
Zinnwald Lithium plc ('Zinnwald Lithium' or the 'Company')
Update re CRMA Application
Zinnwald Lithium plc, the European focused lithium company developing the integrated Zinnwald Lithium Project (the 'Project') in Germany, announces an update regarding its application for "strategic" status under the Critical Raw Materials Act ('CRMA'), which was unsuccessful. Despite this outcome, Zinnwald Lithium remains optimistic about its long-term prospects as one of the few near-term, sustainable lithium production projects in Europe with the size of resource that can be a significant contributor to European supply.
While the Company is disappointed to not have been selected as a "strategic" project, it notes that this designation does not itself bestow any specific advantage in terms of funding or specific quantifiable assistance with, or acceleration of, established permitting and project approval timelines. It also notes that, as previously disclosed, it has been identified as a project of strategic importance to the state of Saxony as referenced in the coalition agreement published in December 2024 and by the German Chancellor during his visits in 2024.
In its review of the Project, the CRMA noted that the Project has the potential to make a significant contribution to future supply of lithium for the European Union ('EU'). The Company is currently focused on completion of its Preliminary Feasibility Study ('PFS') that it believes will demonstrate the scale, potential and path to realisation of the Project as one of the largest battery grade lithium projects in the EU over a long operational life. This is underpinned by the mineral resource estimate published in June 2024 that highlighted the Project as having the second largest hard rock lithium resource in EU.
Zinnwald Lithium's CEO, Anton du Plessis, commented: "While this decision is disappointing, it does not alter the fundamentals of our business. The European battery supply chain remains underdeveloped, and demand for lithium is set to increase. Although the CRMA did not live up to its promises in this instance, we remain steadfast in our belief that projects like ours will be vital to Europe's energy security. The need for local, sustainable sources of critical materials remains as urgent as ever."
*ENDS*
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For further information visit www.zinnwaldlithium.com or contact:
|
Anton du Plessis Cherif Rifaat |
Zinnwald Lithium plc |
|
|
David Hart Dan Dearden-Williams |
Allenby Capital (Nominated Adviser) |
+44 (0) 20 3328 5656 |
|
Michael Seabrook Adam Pollock |
Oberon Capital Ltd (Joint Broker) |
+44 (0) 20 3179 5300 |
|
Richard Greenfield Charles Bendon |
Tamesis Partner LLP (Joint Broker) |
+44 (0) 20 3882 2868 |
|
Isabel de Salis Paul Dulieu |
St Brides Partners (Financial PR) |
zinnwald@stbridespartners.co.uk
|
Notes
AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focused on becoming an important supplier of lithium hydroxide to Europe's fast-growing battery sector. The Company owns 100% of the Zinnwald Lithium Project in Germany, which has an approved mining licence, is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's more advanced battery grade lithium projects.
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