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European Metals Holdings Limited has completed the definitive feasibility study for its Cinovec lithium project in the Czech Republic. The project is expected to produce 37,500 tonnes of battery-grade lithium carbonate annually.

The feasibility study, finalized in December 2025, indicates a net present value of USD 1.455 billion and an internal rate of return of 14.8% over the first 23 years of a 27-year production timeline. The project has received approval for a grant of up to €360 million under the Czech ‘Strategic Investments for a Climate-Neutral Economy’ program.

In January 2026, the company submitted a comprehensive environmental impact assessment, a requirement for final authorization and funding. The Cinovec project is projected to meet approximately 5.2% of the EU's lithium demand by 2030, sufficient for about 1.3 million 60kWh batteries annually. The Cinovec deposit contains a total mineral resource of 742.12 million tonnes, with 7.45 million tonnes of lithium carbonate equivalent.