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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
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Change: 0.50 (2.17%)
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Open: 23.50
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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.

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

Read more
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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