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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: 19.50
Bid: 19.00
Ask: 20.00
Change: -1.75 (-8.24%)
Spread: 1.00 (5.263%)
Open: 21.50
High: 21.50
Low: 19.00
Prev. Close: 21.25
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European Metals Holdings evaluates processes at Cinovec

Tue, 02nd Apr 2019 15:06

(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.The AIM-traded firm said the move to develop a process for the production of lithium hydroxide from the Cinovec project was in response to market forces that continued to move Czech and European manufacturers towards the production of advanced technology batteries.It said the engineering assessment and associated testwork were conducted on aspects of the hydrometallurgical portion of the flowsheet of the preliminary feasibility study, which was reported on 19 April 2017.A series of tests were completed in recent months by Dorfner Anzaplan in Germany, looking initially at the direct production of lithium hydroxide from leach liquors, and subsequently testing a more traditional route of converting lithium carbonate through to lithium hydroxide.European Metals Holdings said that while both process routes were successful in producing battery grade lithium hydroxide, assessment of the relevant process risks indicated that the more robust flowsheet involved the production of battery grade lithium carbonate followed by conversion to battery grade lithium hydroxide.It said the data was now being used as the foundation for an update of the preliminary feasibility study, such that the final product from the process would be battery grade lithium hydroxide with the option to produce battery grade lithium carbonate should the market support both products."The clear majority of European battery producers are indicating a requirement for lithium input to be supplied as battery grade lithium hydroxide," said European Metals Holdings managing director Keith Coughlan."The fact that EMH has now demonstrated the ability to produce this product from Cinovec ore is an exciting development that will enable the company to supply its final product into the European marketplace."Coughlan said that meeting the European battery market's requirements and expectations was foremost in the firm's considerations."European Metals Holdings' next step is a formal update of the 2017 preliminary feasibility study, the outcomes from which will be reported shortly."
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European Metals reports success in Cinovec pilot lithium programme

(Sharecast News) - European Metals announced a significant milestone on Thursday, with the successful production of lithium hydroxide monohydrate from pregnant leach solution generated during the recent larger-scale Cinovec pilot programme.

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11 Apr 2024 10:53

UPDATE: European Metals produces lithium hydroxide monohydrate

European Metals Holdings Ltd - Czech Republic-focused mineral exploration and development - Produces lithium hydroxide monohydrate from pregnant leach solution, which was manufactured during the recent larger-scale Cinovec pilot programme. Says the pilot programme confirms the viability of the lithium chemical plant process flow sheet for the industrial-scale production of lithium carbonate and lithium hydroxide. Chair Keith Coughlan says: "We are extremely pleased with the results from the lithium hydroxide test program. The lithium hydroxide produced was of the highest grade possible and exceptionally clean. This, when combined with the ability to produce either battery-grade lithium carbonate or hydroxide, enables a wider range of off-takers for the Cinovec product." Cadence Minerals PLC, an investment and development company focused on energy transition minerals which owns a 3.2% stake in European Metals, positively notes the firm's update.

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11 Apr 2024 09:51

IN BRIEF: European Metals produces lithium hydroxide monohydrate

European Metals Holdings Ltd - Czech Republic-focused mineral exploration and development - Produces lithium hydroxide monohydrate from pregnant leach solution, which was manufactured during the recent larger-scale Cinovec pilot programme. Says the pilot programme confirms the viability of the lithium chemical plant process flow sheet for the industrial-scale production of lithium carbonate and lithium hydroxide. Chair Keith Coughlan says: "We are extremely pleased with the results from the lithium hydroxide test program. The lithium hydroxide produced was of the highest grade possible and exceptionally clean. This, when combined with the ability to produce either battery-grade lithium carbonate or hydroxide, enables a wider range of off-takers for the Cinovec product."

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27 Mar 2024 12:50

European Metals confident in timeline of Cinovec feasibility study

(Sharecast News) - European Metals Holdings updated the market on progress at the Cinovec Project in the Czech Republic on Wednesday, owned by its 49% subsidiary Geomet, focusing on the ongoing definitive feasibility study.

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27 Mar 2024 12:20

Cadence Minerals expects review at lithium project to improve outcome

(Alliance News) - Cadence Minerals PLC announced on Wednesday that a review is underway at the Cinovec lithium project in the Czech Republic.

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29 Jan 2024 15:18

European Metals extends all four Cinovec licences

(Sharecast News) - European Metals Holdings announced the extension of all four Cinovec exploration licences on Monday, until 31 December 2026.

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29 Jan 2024 14:06

European Metals extends exploration licences for Cinovec project

(Alliance News) - European Metals Holdings Ltd on Monday said it had granted an extension to all four Cinovec exploration licences.

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22 Dec 2023 11:44

IN BRIEF: European Metals shares fall 20% as Cinovec work delayed

European Metals Holdings Ltd - Czechia-focused mineral exploration and development company - Says delivery of definitive feasibility study for the Cinovec lithium project in the Czech Republic is now scheduled for the first quarter of 2024. Says approval granted for timetable extension so Geomet and project study team, DRA Global and Bara Consulting, can complete capital and operating cost estimation, and project implementation scheduling. Says process of obtaining sufficient and diverse proposals, from "numerous" external suppliers and contractors, will take longer than originally planned. Company "believes it is prudent to allow the necessary time to complete the study to the highest standard". Says it does not expect extension to impact the overall project timeline, and that permitting is "already well underway". Cadence Minerals PLC, which holds approximately 5.3% of the equity in European Metals, is "pleased to note" the announcement.

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IN BRIEF: European Metals reports narrowed annual loss

European Metals Holdings Ltd - Czechia-focused mineral exploration and development company - On Friday, reports a pretax loss of USD5.9 million in the year ended June 30, narrowed from a loss of USD6.8 million the year prior. Loss narrows as company records finance income of USD479,783 in the year, up from USD44,783 the previous year and its share based payments reduce to USD1.9 million from USD2.9 million. Also swings to a foreign exchange gain of USD145,858 from a loss of USD16,544 the year prior.

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