EANS-Adhoc: European Lithium Limited
European Lithium to participate in a battery production funding programme
launched by the German Ministry of Economy
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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14.03.2019
Perth/ Wolfsberg - European Lithium Limited (ASX:EUR)(FRA:PF8)(VSE:ELI)(NEX:EUR)
(European Lithium or the Company) is part of a syndicate applying for funds from
a grants programme launched by the German Ministry of Economy (BMWi) to ramp up
battery production in Germany. This syndicate comprises numerous acclaimed
industry players and must include partners from at least two EU states to meet
the relevant tender criteria. Thanks to the lithium resources mined and produced
in Austria, this syndicate will be able to represent the entire value chain
within Europe, while still fully complying with the highest environmental
standards. Considering that sustainability requirements throughout the entire
production process are steadily increasing, this is a significant advantage for
all the companies involved. The anticipate the application documents will be
filed with the authorities on 15 March 2019.
The goal of the funding programme of the German BMWi is to create a network for
the production of battery cells of the latest generation, together with other
European countries. In order to cover the value chain of battery production as
broadly as possible in the future, the BMWi plans to allocate up to one billion
euros.
European Lithium further announces that the company is in advanced stages of
discussions with several European companies regarding the completion of long-
term offtake agreements. Some of these companies are members of the
aforementioned syndicate.
Further inquiry note:
For further information please contact:
Dirk Ramin, Metrum Communications GmbH
T +43 1 504 69 87 - 342
E d.ramin@metrum.at
end of announcement euro adhoc
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issuer: European Lithium Limited
32 Harrogate Street
A-WA6007 West Leederville
phone:
FAX:
mail: katharina.loeckinger@europeanlithium.com
WWW: www.europeanlithium.com
ISIN: AU000000EUR7
indexes:
stockmarkets: Wien, Frankfurt
language: English
