Responsibility now lies with the Czech Mining Bureau rather than the Minister of Environment.
European Metals Holdings Limited has been awarded three permits for its Cinovec lithium/tin project in the Czech Republic.
Most importantly, a preliminary mining permit has been issued over most of the project, which means responsibility now lies with the Czech Mining Bureau rather than the Minister of Environment.
The permit covers 1,500 sq km and is valid until 2025 by which time EMH has to apply for a full mining licence.
In addition, EMH has been granted permits to explore ground immediately south of the deposit and to de-water the old mine workings at Cinovec.
Keith Coughlan, managing director, said: “As there has been limited commissioning of new mining operations in the Czech Republic in recent times, the time line for the permitting process has not been specifically determined.
“The awarding of these permits increases our confidence in the future timing of operations and illustrates the support that development of the Cinovec Project enjoys in the Czech Republic.”
In late morning trading, European Metals’ shares were 2.5%, or 1.5p higher at 60.5p.
Source: proactiveinvestors
