Despite the sale of the Zinnwald project, the old owner remains the new one.
(Photo: Getty Images)
Zurich There is movement in the development of the Zinnwald lithium deposit in the Ore Mountains. The reason is a new strategic minority shareholder: the company Advanced Metallurgical Group (AMG) of the experienced German raw materials manager Heinz Schimmelbusch. AMG has held 25 percent of the London-listed company Zinnwald Plc since mid-March.
In an interview with the Handelsblatt, Schimmelbusch gives an insight into his plans for Zinnwald for the first time. He says: “We think very highly of Zinnwald.” Together with the current management, they are now looking for an optimal development opportunity for the project. Schimmelbusch also signals that he wants to support a possible capital increase: “We are prepared to provide additional equity.”
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further