Holding(s) in Company

RNS Number : 8466Y

Zinnwald Lithium PLC

18 January 2022

 

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Holding(s) in Company

Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development company, has been informed that M&G plc has an interest in 11,500,000 ordinary shares in the Company, equivalent to 3.92 per cent. of the Company's current issued share capital. 

For further information contact:

Anton du Plessis	Zinnwald Lithium plc	[e-mail]
David Hart/Liz Kirchner	Allenby Capital Limited (Nominated Adviser)	[phone]
Mike Seabrook / Robert Hayward / Chris Crawford	Oberon Capital (Joint Broker)	[phone] [phone]
James Pope/Andy Thacker	Turner Pope Investments (TPI) Ltd (Joint Broker)	[phone]
Isabel de Salis/Frank Buhagiar	St Brides Partners (Financial PR)	[e-mail]

Notes

Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium development company focussed on becoming an important supplier to Europe's fast-growing battery sector. The Company owns the Zinnwald Lithium Project in Germany, a late-stage development project with attractive economics and approved mining licence.  A Feasibility Study, published in June 2019, highlighted a 428m pre-tax NPV, a pre-tax IRR of 27.4% and a 46% EBITDA margin for Zinnwald.  The project is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's most advanced battery grade lithium projects.

 

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