TIDMZNWD

RNS Number : 8450U

Zinnwald Lithium PLC

04 August 2022

Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining

4 August 2022

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Option to Acquire Land

Zinnwald Lithium plc, the German focused lithium development company, is pleased to announce that it has entered into an option agreement with Projektgesellschaft Altenberg mbH, an entity owned by the town of Altenberg in Germany, that gives the Company the right to acquire approximately 14,000 square metres of industrial land in the Europark industrial area near to Altenberg. The option agreement is valid until August 2025.

The land subject to the option agreement is adjacent to land already owned by the Company and combined would bring Zinnwald Lithium's total land holding in this area to approximately 30,000 square metres. This industrial land has the potential to be used for access and other operational aspects of the Zinnwald Lithium Project.

Zinnwald Lithium CEO, Anton du Plessis, commented: "We are delighted to have entered into this agreement with the town of Altenberg that secures further land rights for our project. We believe this is an important ongoing step in demonstrating that we are a local company committed to the development of the area."

*ENDS*

For further information visit www.zinnwaldlithium.com or contact:

 
 Anton du Plessis      Zinnwald Lithium        info@zinnwaldlithium.com 
  Cherif Rifaat         plc 
 David Hart            Allenby Capital 
  Liz Kirchner          (Nominated Adviser)    +44 (0) 20 3328 5656 
                      ----------------------  -------------------------------- 
                       Oberon Capital Ltd 
 Michael Seabrook       (Broker)               +44 (0) 20 3179 5300 
                      ----------------------  -------------------------------- 
 Isabel de Salis       St Brides Partners      zinnwald@stbridespartners.co.uk 
  Catherine Leftley     (Financial PR) 
                      ----------------------  --------------------------------

Notes

AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focussed on becoming an important supplier of lithium hydroxide to Europe's fast-growing battery sector. The Company owns 100% of the Zinnwald Lithium Project in Germany, which has an approved mining licence, is located in the heart of Europe's chemical and automotive industries.

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END

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August 04, 2022 02:00 ET (06:00 GMT)

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