REG - Zinnwald Lithium PLC - Update re CRMA Application

Zinnwald LithiumAnnouncement

25/03/2025 12:30

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RNS Number : 0980C  Zinnwald Lithium PLC  25 March 2025

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*

 

To engage with us directly via our investor hub, please sign up at

https://investors.zinnwaldlithium.com/auth/signup
(https://investors.zinnwaldlithium.com/auth/signup)

 

 For further information visit www.zinnwaldlithium.com
(http://www.zinnwaldlithium.com/)  or contact:

 

 Anton du Plessis       Zinnwald Lithium plc  info@zinnwaldlithium.com (mailto:info@zinnwaldlithium.com)

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

 Dan Dearden-Williams   (Nominated Adviser)
 Michael Seabrook       Oberon Capital Ltd    +44 (0) 20 3179 5300

 Adam Pollock           (Joint Broker)
 Richard Greenfield     Tamesis Partner LLP   +44 (0) 20 3882 2868

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

 Paul Dulieu            (Financial PR)

 

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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