Due to the significant boom in electro mobility and the urgent need to store energy, global demand for lithium is growing rapidly. However, this unique light metal is in very short supply.
Cinovec is a lithium and tin mining project in the Czech Republic. The country holds one of the most important deposits of the metal in Europe, with some 3% to 5% of the world's lithium reserves located below Cínovec in the Ore Mountains. Geomet's focus is primarily on the exploration of lithium as a strategic raw material for the production of car batteries, as well as its use as a critical component in the cycle of production and accumulation of electricity produced from alternative sources.