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European Metals, holding control through its subsidiary Geomet s.r.o, manages the mineral exploration licenses for the Cinovec Lithium/Tin Project in the Czech Republic. This project encompasses one of the world's largest lithium deposits, strategically located to serve the burgeoning demand within Europe, the second-largest consumer of lithium globally. This positioning uniquely situates European Metals to play a pivotal role in supplying essential resources for the growing energy storage and electric vehicle markets, leveraging the critical nature of lithium as a foundational component for these sectors.