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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
31 Jan 2017 10:45

European Metals Advances Cinovec Pre-Feasibility, Awaits Drill Results

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16 Jan 2017 10:04

European Metals Holdings completes Cinovec drillhole programme

(ShareCast News) - Mineral exploration and development company European Metals Holdings announced on Monday that its planned core drillhole programme was completed on time and budget, without time loss incidents. The AIM-traded firm said in total, 17 drill holes were drilled to a summary depth of 60

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13 Dec 2016 14:16

European Metals Holdings posts positive update on Cinovec

(ShareCast News) - European Metals Holdings announced the successful manufacture of more than 99.5% pure lithium carbonate using an industry proven, sodium sulphate roast-based flow-sheet from mica-concentrate from the Cinovec Project on Tuesday. The AIM-traded firm owns 100% of Cinovec in the Czech

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13 Dec 2016 08:28

European Metals Produces Battery-Grade Lithium Carbonate From Cinovec

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1 Nov 2016 08:49

European Metals Holdings granted new licence at Cinovec

(ShareCast News) - European Metals Holdings announced on Tuesday that it was granted a new exploration licence at Cinovec III. The AIM-traded company said the new Cinovec III licence fills the gap between its existing Cinovec II licence and the Czech-German border over the northern part of the Cinov

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21 Oct 2016 08:39

European Metals releases positive concentration testwork results

(ShareCast News) - European Metals Holdings announced the completion of the concentration testwork for lithium as part of its ongoing pre-feasibility study. The AIM-traded firm said the testwork has improved recoveries significantly from those used in the scoping study which - when combined with the

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21 Jul 2016 11:10

Rare Earth Minerals notes progress at Czech investment

(ShareCast News) - Rare Earth Minerals reported on Thursday that European Metals Holdings, in which it owns a 16.4% shareholding, has appointed Ausenco Services as the lead engineer to the pre-feasibility study of the Cinovec Lithium/Tim Project in the Czech Republic. The AIM-traded firm said the

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21 Jul 2016 09:23

European Metals Signs Up Engineer Ausenco For Cinovec Project Study

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14 Jul 2016 08:54

European Metals Says Progress Made On Cinovec Project Study In Czech

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6 Jul 2016 16:04

European Metals Holdings pleased with PSn13 drill hole results

(ShareCast News) - European Metals Holdings is pleased with results from the PSn13 drill hole, which returned a main mineralised intercept of 167.1m averaging 0.36% lithium oxide. This intercept, within the Cinovec deposit, included high-grade intervals of 12m averaging 0.77% lithium oxide and 7m av

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6 Jul 2016 10:16

European Metals Holdings Provides Update On Drill Programme At Cinovec

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14 Jun 2016 10:22

European Metals Issues 1.2 Million Shares In Option Exercise (ALLISS)

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18 May 2016 09:56

Rare Earth Notes News From European Metals, Macarthur Minerals

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18 May 2016 08:02

European Metals Increases Resources At Cinovec Lithium And Tin Project

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3 May 2016 07:10

European Metals Signs Option To Use L-Max Technology

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