TIDMZNWD

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             info@zinnwaldlithium.com 
 David Hart/Liz           Allenby Capital Limited          +44 (0) 20 3328 
  Kirchner                 (Nominated Adviser)              5656 
                                                           +44 (0) 20 3179 
 Mike Seabrook /                                            5344 
  Robert Hayward          Oberon Capital                    +44 (0) 20 3179 
  / Chris Crawford         (Joint Broker)                   5315 
                          Turner Pope Investments 
 James Pope/Andy           (TPI) Ltd                       +44 (0) 20 3657 
  Thacker                  (Joint Broker)                   0050 
 Isabel de Salis/Frank    St Brides Partners (Financial    info@stbridespartners.co.uk 
  Buhagiar                 PR) 
 

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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END

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January 18, 2022 07:06 ET (12:06 GMT)

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