REG - Zinnwald Lithium PLC - Option to Acquire Land

Zinnwald LithiumAnnouncement

04/08/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220804:nRSD8450Ua&default-theme=true

RNS Number : 8450U  Zinnwald Lithium PLC  04 August 2022

Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining

4 August 2022

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

 

Option to Acquire Land

 

Zinnwald Lithium plc, the German focused lithium development company, is
pleased to announce that it has entered into an option agreement with
Projektgesellschaft Altenberg mbH, an entity owned by the town of Altenberg in
Germany, that gives the Company the right to acquire approximately 14,000
square metres of industrial land in the Europark industrial area near to
Altenberg.  The option agreement is valid until August 2025.

 

The land subject to the option agreement is adjacent to land already owned by
the Company and combined would bring Zinnwald Lithium's total land holding in
this area to approximately 30,000 square metres. This industrial land has the
potential to be used for access and other operational aspects of the Zinnwald
Lithium Project.

 

Zinnwald Lithium CEO, Anton du Plessis, commented: "We are delighted to have
entered into this agreement with the town of Altenberg that secures further
land rights for our project.  We believe this is an important ongoing step in
demonstrating that we are a local company committed to the development of the
area."

 

 

*ENDS*

 

 For further information visit www.zinnwaldlithium.com or contact:

 

 Anton du Plessis    Zinnwald Lithium plc  info@zinnwaldlithium.com

 Cherif Rifaat
 David Hart          Allenby Capital       +44 (0) 20 3328 5656

 Liz Kirchner        (Nominated Adviser)
 Michael Seabrook    Oberon Capital Ltd    +44 (0) 20 3179 5300

                     (Broker)
 Isabel de Salis     St Brides Partners    zinnwald@stbridespartners.co.uk (mailto:zinnwald@stbridespartners.co.uk)

 Catherine Leftley   (Financial PR)

 

Notes

AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focussed 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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBKNBDOBKDOFK