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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: 21.75
Bid: 21.00
Ask: 22.50
Change: -0.50 (-2.25%)
Spread: 1.50 (7.143%)
Open: 21.75
High: 22.00
Low: 21.75
Prev. Close: 22.25
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TRADING UPDATES: European Metals interim loss widens after new costs

Tue, 16th Mar 2021 18:58

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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European Metals Holdings Ltd - mineral exploration and development company focused on Cinovec lithium-tin project in Czech Republic - Posts pretax loss for the half year ended December 31 of AUD2.3 million, widening from AUD1.5 million a year prior. Revenue was AUD551,480, after reporting none in year before. Incurs new costs which did not feature a year prior including a AUD60,000 cost for facility and advance fees and AUD543,603 equity accounting on investment in Geomet, a lithium explorer in which the company holds a 49% stake. Says it has sufficient cash flows to meet all commitments and working capital requirements for the 12-month period.

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Helium One Group Ltd - Tanzania-focused helium miner - Notes mobilisation of data acquisition team, vibroseis trucks and geophones to the wholly-owned Rukwa Project in Tanzania. Announces the appointment of Lorna Blaisse as principal geologist. "We are delighted to be able to progress to the next stage of the seismic campaign at Rukwa. The data acquired will enable us to better visualise subsurface structures that could be trapping substantial helium resources and reduce geological risk ahead of our drilling campaign," says Chief Executive David Minchin.

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Scirocco Energy PLC - investment company that targets production and development opportunities within the European energy market - Notes Helium One's progress in Tanzania. Scirocco holds a 4.6% stake in Helium One.

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CATCo Reinsurance Opportunities Fund Ltd - investor focused on offering returns from investments linked to catastrophe reinsurance risks - Says net asset value fell in 2020 to USD111.8 million at December 31, 2020 from USD306.9 million at December, 31, 2019. NAV per share increased to USD0.2828 at December 31, 2020 from USD0.2659 at January 1, 2020. Says the increased NAV per share was due to a reduction in claims associated with the 2017 California wildfires. Does not declare a dividend, compared to payouts amounting to USD50.6 million the prior year.

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Harworth Group PLC - Rotherham, South Yorkshire-based land and property regeneration - Adds missing pages to 2020 results, which were omitted due to a formatting issue. The pages missing included the audited results for 2019. Posts EPRA net asset value per share at December 31 of 160.0 pence, up from 155.6p a year prior. Net asset value increases to GBP488.7 million from GBP463.8 million. Declares total dividend per share for 2020 of 1.8p, up from 0.3p a year before. Says demand for our serviced land has remained strong and it continues to see this in the first few months of 2021. Also notes it is making progress across the portfolio and exploring potential acquisitions.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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11 Apr 2024 16:02

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."

Read more
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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31 Jan 2024 14:29

EARNINGS AND TRADING: Hydrogen Future loss widens; Quantum revenue up

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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.

Read more
15 Dec 2023 15:58

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Friday 22 December 
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European Metals Holdings LtdAGM
Tlou Energy LtdGM re approval to issue convertible loan to ILC Investments Pty Ltd
Wildcat Petroleum PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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9 Nov 2023 12:54

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2 Oct 2023 21:51

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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