The Australian-based mining company European Metals Holdings is continuing
with preparations for lithium mining in the Czech Republic, despite the
fact that the Czech government does not consider the memorandum on the
extraction and processing of lithium, signed with EMH last year, legally
binding and wants a Czech state-run company to mine and process the
deposits. The company Geomet, which is part of EMH, has begun preparations
for a series of drills near Cínovec in order to ascertain the economic
viability of the project.