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Pin to quick picksEuropean Metals Holdings Share News (EMH)

Share Price Information for European Metals Holdings (EMH)

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Share Price: 23.50
Bid: 23.00
Ask: 24.00
Change: 0.00 (0.00%)
Spread: 1.00 (4.348%)
Open: 23.50
High: 24.00
Low: 23.50
Prev. Close: 23.50
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AIM WINNERS & LOSERS: Premier African Minerals slides on project delay

Thu, 25th May 2023 11:22

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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European Metals Holdings Ltd, up 7.3% at 33.80 pence, 12-month range 29.50p-59.00p. The mineral exploration and development company says testwork confirms separation efficiency and capability of flotation of lithium-bearing zinnwaldite from Cinovec in Czechia. It notes that the updated flotation testwork recently undertaken at Nagrom Laboratories, Perth, has repeatedly reached over 95% lithium recovery from flotation concentrates at target Li-grades and mass yield. "The exceptional lithium extraction results are outstanding and further underline the commercial viability of operations at Cinovec," says Chair Keith Coughlan. "We expect the current testwork to be completed by the end of June and will publish the full results." Cadence Minerals, which has a 6.8% stake in European Metals, was down 1.6%.

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AIM - LOSERS

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Premier African Minerals PLC, down 29% at 0.55p, 12-month range 0.26p-1.04p. The Africa-focused minerals and metals project developer says its process plant at Zulu lithium and tantalum project is now fully commissioned. The supplier has advised Premier African that the milling and sizing component of the plant requires certain limited modifications to allow for full optimisation to design capacity throughput. It now expects the first spodumene shipments in June, and final optimisation in the fourth quarter of 2023 following plant modifications.

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RA International Group PLC, down 23% at 12.10p, 12-month range 11.05p-25.00p. The London-based remote site services provider in Africa and the Middle East says pretax loss narrowed to USD13.2 million in 2022 from USD32.2 million in 2021. Revenue rises 15% to USD62.9 million from USD56.4 million the prior year. However, the company's underlying earnings before interest, tax, depreciation, and amortisation falls by 91% to USD600,000 to USD6.7 million. The underlying Ebitda margin narrowed markedly to 1.0% from 12.3%. The company says this was a reflection of "inflationary pressure impacting the business since the second half of 2021". The margin pressure will abate over time, RA says, "with newly awarded contracts generating improved margins".

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
13 Mar 2020 10:37

European Metals Records Interim Loss, Focused On CEZ Deal At Cinovec

European Metals Records Interim Loss, Focused On CEZ Deal At Cinovec

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10 Jan 2020 13:22

European Metals raises ?0.35m to fund ongoing Cinovec development

(Sharecast News) - European Metals Holdings has raised gross proceeds of £0.35m via a share placing to UK investors, it announced on Friday.

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10 Jan 2020 10:28

European Metals Placing Raises GBP350,000; CEZ Funding Talks Ongoing

European Metals Placing Raises GBP350,000; CEZ Funding Talks Ongoing

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13 Dec 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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20 Nov 2019 15:52

European Metals Holdings agrees strategic deal with CEZ for Cinovec Project

(Sharecast News) - European Metals Holdings has reached a conditional agreement with CEZ Group - one of central and eastern Europe's largest power utilities - over a potential strategic partnership and significant investment into the Cinovec Project, it announced on Wednesday.

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20 Nov 2019 14:26

European Metals Signs Cinovec Partnership And Investment Deal With CEZ

European Metals Signs Cinovec Partnership And Investment Deal With CEZ

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30 Sep 2019 12:41

European Metals Annual Loss Narrows On Prior-Year Impairment

European Metals Annual Loss Narrows On Prior-Year Impairment

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14 Aug 2019 15:01

European Metals Raises GBP750,000 For Cinovec Project Development

(Alliance News) - European Metals Holdings Ltd said Wednesday it has raised GBP750,000 through a share placing, which will go towards developing the Cinovec lithium and tin project, as well as 4.2

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14 Aug 2019 11:20

European Metals Holdings raises ?0.75m as it progresses Cinovec Project

(Sharecast News) - European Metals Holdings has raised gross proceeds of £0.75m via a share placing to UK investors, it announced on Wednesday.

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5 Aug 2019 15:01

European Metals Inks Cinovec Renewal, Needs Further Drilling Approval

(Alliance News) - European Metals Holding Ltd said on Monday that it has been awarded an extension to the exploration licence of a lithium and tin project in the Czech Republic.The licence,

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16 Jul 2019 11:40

European Metals Secures EUR2 Million Financing For Cinovec Project

(Alliance News) - European Metals Holdings Ltd said on Tuesday that Czech power utility company CEZ Group has agreed to provide EUR2.0 million financing through a convertible loan.The will

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17 Jun 2019 11:04

UPDATE: European Metals And Cadence Minerals Report Cinovec Progress

(Alliance News) - Cadence Minerals PLC on Monday noted positive progress by investee European Metals Holdings Ltd at the Cinovec lithium and tin project in the Czech Republic.Cadence owns a

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17 Jun 2019 09:44

European Metals Doubles Value Of Czech Republic's Cinovec Project

(Alliance News) - European Metals Holdings Ltd on Monday reported a more than doubling in the value of its Cinovec lithium and tin project in the Czech Republic.The net present value of the

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2 Apr 2019 15:06

European Metals Holdings evaluates processes at Cinovec

(Sharecast News) - European Metals Holdings updated the market on the outcomes from a recently-completed engineering assessment of the flowsheet and subsequent testwork, which was aimed at demonstrating the ability to produce lithium hydroxide from Cinovec ore.

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2 Apr 2019 12:16

European Metals Says Cinovec Can Make Battery Grade Lithium Hydroxide

LONDON (Alliance News) - European Metals Holdings Ltd on Tuesday said tests have confirmed it could produce battery-grade lithium hydroxide from its Cinovec lithium tin project in the Czech in up

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