Quest Critical Metals Inc. updated its shareholders on the latest progress of the EU HORIZON-funded Exploration Information Systems (EIS) Project, which it participates through its wholly-owned Czech subsidiary, Golden Pet SRO. Quest Critical Metals’ property, Klingenthal/Tisova, straddles the German/Czech border with approximately 70km2 in each country.
The EU HORIZON €7.5m funded EIS Project aims to enhance Europe’s self-sufficiency in critical raw materials (CRM). The Project is focused on developing advanced exploration concepts and data tools to aid mineral exploration and reduces its impact on nature, making exploration more sustainable. The EIS Project also aims to raise awareness of the importance of critical raw materials and the challenges of exploring for them in the EU.
James Newall, CEO of Quest Critical Metals, commented, “To have such a wealth of geological and geophysical experience analysing our Klingenthal/Tisova project, all funded by the EU, is an incredible privilege. Not only do they bring their own insights, but their approval of our current geological interpretation is very reassuring. In addition, our inclusion as the case study for one of the three key themes of the EIS Awareness Campaign will bring our story to a far wider audience than we could ever reach ourselves.
Taken in combination with our recent acquisition of licences, prospective for lithium, in Brazil’s ‘Lithium Valley’ and our successful exploration campaign and resource at East Bull, this is an exciting time for both management and shareholders.”
Source: finance yahoo