Zinnwald Lithium

The Amsterdam-listed commodities group AMG Critical Materials has secured the remaining 71 percent of Zinnwald Lithium, thereby taking control of the lithium project in the Erzgebirge. AMG values the acquisition of Zinnwald at just under $75 million; part of the purchase price will be paid in AMG shares. AMG plans a phased commissioning with an initially reduced scope, intends to advance technical studies, and to link raw ore processing using its own technology with processing capacity from the Bitterfeld refinery. The transaction is expected to close in the third quarter and could accelerate the project’s development toward planned production from 2030. » Plus sur faz.net

AMG Lithium has announced a recommended cash-and-share offer to acquire Zinnwald Lithium worth about £57.18 million. Zinnwald shareholders would receive 5.0 pence in cash plus 0.001577 new AMG shares for each Zinnwald share; the offer values a Zinnwald share at around 10.0 pence and represents a 63% premium to the closing price on 13 May 2026. AMG already holds about 29.32% of the shares and has irrevocable commitments for approximately 20.82%; Zinnwald’s independent directors recommend acceptance. The transaction is expected to be implemented by a scheme of arrangement and, subject to shareholder and court approval, is expected to complete in the third quarter of 2026. After completion, AMG plans to advance technical development studies of the Zinnwald project with a staged build‑out approach over the next 18–24 months. » Plus sur de.investing.com

Zinnwald Lithium has received approval from the Sächsisches Oberbergamt to construct an exploration tunnel of about one kilometre for the Zinnwald project. The tunnel is intended to provide geotechnical, seismic and hydrogeological data and to allow up to 2,000 tonnes of bulk samples for metallurgical testing; the approval is valid until 31 December 2027 and does not authorize commercial mining. The project has a mineral resource estimate of 193.5 million tonnes (measured and indicated) and a reserve of 128.1 million tonnes and aims to produce battery-grade lithium hydroxide. » Plus sur de.investing.com

Zinnwald Lithium has released a pre-feasibility study for the Zinnwald project showing a pre-tax NPV of €3.3bn (8% discount) and a pre-tax IRR of 23.6%; after tax the NPV is €2.2bn with an IRR of 19.8%. The study cites an ore reserve of 128 million tonnes at 4,428 ppm Li2O, a planned mine life of more than 40 years and production rates of 18,000 t of lithium hydroxide per year in phase 1, expandable to 35,100 t. Financials: operating loss of €3.5m for 2025, development investment of €3.4m, cash balance down to €2.7m, and a £3.4m fundraising completed in June 2025; government support has been indicated. » Plus sur de.investing.com

The Saxon project Zinnwald Lithium has again applied for designation as a critical EU raw materials project, while the neighboring Czech Cínovec project is already on the EU list and has been promised state and EU funding. Cínovec plans large ore extraction and lithium production with thousands of potential jobs; in Saxony comparable state financial commitments are still lacking. Environmental and citizen protests and proximity to a UNESCO World Heritage site complicate approvals; EU status would bring political pressure and prioritization, but would not change environmental and safety standards in Saxony. » Plus sur finanzen.net