Geomet receives Czech state grant for Cinovec lithium project

Geomet, a joint venture between European Metals Holdings (49%) and CEZ (51%), has received a grant of up to €360m ($416.98m) from the Czech Government, pending completion of administrative procedures. The funding, provided by the Czech Republic’s Ministry of Industry and Trade under the Strategic Investments for a Climate-Neutral Economy programme, will support the advancement of the company’s flagship Cinovec lithium project. The programme is designed to support significant investments in the production ...