EANS-Adhoc: European Lithium Limited European Lithium to participate in a battery production funding programme launched by the German Ministry of Economy | Brandaktuell - Nachrichten aus allen Bereichen

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.

end of announcement euro adhoc

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

Digital press kit: http://www.ots.at/pressemappe/31529/aom

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
(C) Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender. European Lithium Limited

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