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Share Price: 22.75

Bid: 22.00

Ask: 23.50

Change: 0.00 (0.00%)

Spread: 1.50 (6.818%)

Open: 22.75

High: 22.75

Low: 22.75

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IN BRIEF: European Metals wins EUR6m investment for Cinovec project

Fri, 21st Jul 2023 10:06

European Metals Holdings Ltd - Perth, Australia-based mineral exploration and development company - European Bank for Reconstruction & Development agrees to invest EUR6 million to support European Metals' Cinovec lithium project north-west of Prague. Company will issue 12.3 million shares to EBRD at AUD0.803 or GBP0.423 each.

European Metals Executive Chair Keith Coughlan says: "The EBRD investment aims to fund the project's predevelopment work and opens a pathway to potentially securing project financing... [It] is confirmation that the Cinovec project is a vital part of establishing a strong, sustainable European electric vehicle battery supply chain to support Europe's accelerating transition to e-mobility."

Current stock price: 46.65 pence, up 9.8% in London on Friday

12-month change: up 6.0%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

13 Mar 2020 10:37

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

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.

10 Jan 2020 10:28

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

13 Dec 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

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.

20 Nov 2019 14:26

European Metals Signs Cinovec Partnership And Investment Deal With CEZ

30 Sep 2019 12:41

European Metals Annual Loss Narrows On Prior-Year Impairment

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

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.

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,

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

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

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

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.

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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IN BRIEF: European Metals wins EUR6m investment for Cinovec project

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