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European Lithium secures key partner in global EV specialist Talaxis and its MD Daniel Mamdou-Blanco

Published: 12:31 27 May 2020 AEST

European Lithium Ltd - European Lithium secures key partner in global EV specialist Talaxis and its MD Daniel Mamdou-Blanco
Talaxis will assist with commercial relationships, contract negotiations and market research

European Lithium Ltd (ASX:EUR) (FRA:PF8) (VIE:ELI) (AQSE:EUR) has made strong progress with plans to be the first local supplier of lithium into an integrated European battery supply chain through a key partnership with global EV technology metals leader Talaxis Limited.

The signing of a strategic engagement agreement sees the parties forge a partnership, which will provide many advantages for EUR, including completing a definitive feasibility study (DFS) for the Wolfsberg Lithium Project in Austria.

Strategic advisor appointment

It will also see EUR’s board strengthened through the appointment of Talaxis managing director Daniel Mamdou-Blanco, a highly experienced mining and finance executive, as a strategic advisor.

Mamdou-Blanco, who has more than 20 years of expertise in the financial services and resource sectors in Asia, has held senior executive positions with Deutsche Bank, Goldman Sachs and Nomura International.

“Huge coup for EUR”

EUR non-executive chairman Tony Sage said: “Given the unprecedented times we live in it is a huge coup for EUR to have secured the engagement with Talaxis and above all the vast knowledge and experience of Daniel.

“The appointment will expedite the DFS for the company’s Wolfsburg’s Lithium Project as the world starts to move out of the pandemic and into an EV future, especially in Europe.”

Talaxis services

European Lithium will benefit from the services that Talaxis will provide, including managing and establishing commercial relationships, contract negotiations and strategic market research.

Talaxis, a wholly-owned subsidiary of Noble Holdings, invests and develops projects related to nickel, cobalt, lithium, rare earths and other metals and materials that are key to the energy transition.

It prioritises ventures that contribute to the decarbonisation of the economy and that are aligned with the United Nations Sustainable Development Goals.

Wolfsberg “uniquely placed”

Mamadou-Blanco, who is also Noble Holdings managing director and global head of Technology Metals and Materials, said: “We are pleased to have secured a long-term strategic engagement with European Lithium.

“Having followed the Wolfsberg Lithium Project for a number of years, we believe the asset is uniquely placed to drive growth in the European battery industry given its strategic location, metallurgically friendly lithium ore and expected production timeline.

“Despite a challenging macro-economic environment in light of COVID-19, we believe the industry's long-term fundamentals remain resilient as the transition towards electric vehicles and renewable energy continues to accelerate.

“We are proud to be partnering with European Lithium to support the energy transition and drive long-term growth.”

Noble Holdings is one of the world’s largest EV technology commodities groups.

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