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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: 13.25
Bid: 13.00
Ask: 13.50
Change: 0.45 (3.53%)
Spread: 0.50 (3.846%)
Open: 12.75
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TRADING UPDATES: WH Smith faces director pay revolt; Troy lowers fees

Wed, 19th Jan 2022 21:29

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

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WH Smith PLC - FTSE 250-listed Swindon, England-headquartered books and stationary retailer - Notes over 45% of shareholders vote against company's remuneration report at annual general meeting on Wednesday. "The Remuneration Committee has already conducted an extensive consultation with the company's largest shareholders regarding the Remuneration Report and the company's new Remuneration Policy. The new Chair of the Remuneration Committee, Marion Sears, looks forward to continuing the company's constructive discussions with shareholders, following her appointment, over the coming months," company says. Also notes over 21% of shareholders voted against re-election of Maurice Thompson to company's board.

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Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Notes final date for hearing over legal action started by Sipiem SpA, which was subsequently acquired by Clear Leisure 2017 Ltd, against Sipiem's previous board and internal audit committee, will be May 4. Two companies have until January 27 to file comments. Judgement expected by end of 2022. Chair & Chief Executive Francesco Gardin says: "The company maintains a confident outlook on the merit of the legal claim, and will, in the meantime, continue working on its new strategy focused on blockchain, artificial intelligence, cryptocurrencies and quantum computing."

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Troy Income & Growth Trust PLC - invests predominantly in UK equities - Reduces annual management fee payable to Troy Asset Management Ltd, its investment manager. Starting from January 1, it has lowered its tiered annual management fee of 0.55% of net assets up to GBP250 million and 0.50% of net assets above GBP250 million. Which is down from a fee of 0.65% and so the new fee represents a reduction of 15% up to GBP250 million of net assets and a reduction of 23% on net assets greater than GBP250 million.

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Arden Partners PLC - UK-based corporate adviser and multi-service stockbroker - Shareholders approve takeover by legal and professional services firm Ince Group PLC. In mid-October Ince reached agreement to buy Arden, which will see Arden shareholders receive seven Ince shares for each 12 Arden shares they own. Under the deal's terms, Arden shareholders will own 22% of enlarged company. Deal expected to close in the first quarter.

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Primorus Investments PLC - investment firm focused on small and mid cap firms in financial services, technology and natural resources - Transfers USD1.0 million of its USD2.5 million convertible loan note investment in Mustang Energy PLC into cash. Also transfers 40% of warrants into new Mustang shares. Amendment follows negotiations to extend period for backstop arrangement to finalise. Under current backstop, Primorus will redeem loan notes, and receive full value of its investment, through Bushveld Minerals PLC shares.

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Zoltav Resources Inc - Russia-focused oil and gas explorer and producer - Shareholders approve move to delist from London's AIM. Last day on AIM will be February 15. Decision comes after share purchase agreement with ARA Capital. Notes ARA Capital to buy 62.6 million Zoltav shares from Bandbear for RUB1.8 billion or around USD24.3 million. Last December, when delisting was first proposed, said: "Zoltav has no significant UK based institutional investors among its shareholders and its focus on oil and gas assets solely in Russia, together with the composition of its share register, mean that it is unlikely the business will be able to raise finance through the issue of new shares on AIM, which is one of the primary reasons for being listed."

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Eco Atlantic Oil & Gas Ltd - oil and gas exploration company focused on Guyana and Namibia - Buys additional 800,000 shares in JHI Associates Inc, in return for 1.2 million new shares in company. Now holds 5.8 million shares in JHI after, a 7.4% stake, acquiring 5.0 million in June 2021. JHI holds 17.5% interest in the Guyana Canje block, where the Sapote-1 well recorded hydrocarbon shows while drilling in 2021 and following the January 2022 santonian Fangtooth-1 discovery on the prolific Stabroek Block offshore Guyana. Company says: "This investment is consistent with Eco's strategy to create shareholder value through advanced exploration programs on the offshore Atlantic margins for advantaged barrels as developing nations bridge the essential reserve requirements through the stages of the energy transition."

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Serinus Energy PLC - oil and gas projects in Tunisia and Romania - Notes Moftinu gas project in Romania achieves 1,000 accident-free days of continuous operation.

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Longboat Energy PLC - North Sea-focused exploration firm - Wins licence under the Norwegian APA licensing round. Notes Ministry of Petroleum & Energy offers company's Norway subsidiary a 25% interest in production licence, PL 1049C, covering a possible extension of the Cambozola prospect towards the north. Cambozola will be drilled back-to-back following the PL 293B Kveikje well, which is 10%-owned by the company, which in turn is expected to spud at the end of the first quarter. Equinor Energy AS is the Cambozola operator with a 35% working interest.

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PetroTal Corp - Texas-based oil and gas company - Upgrades from the Pink market to the OTCQX Best Market in the US. "Upgrading to the OTCQX Market is an important milestone for PetroTal, as it provides transparent trading, visibility and accessibility for US investors," company says.

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Xtract Resources PLC - London-based metals and minerals producer - Says Ascot prospect, on the Bushranger porphyry copper-gold project in New South Wales Australia, delivers "significant intersection" of copper and gold, which company believes confirms it as a high potential discovery. Notes BRDD-21-035 delivered a best interval of 64 metres at 0.58% copper equivalent from 552 metres, within a broader zone of 164 metres at 0.34% copper equivalent from 552 metres.

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European Metals Holdings Ltd - mineral exploration and development company focused on Cinovec lithium-tin project in Czech Republic - Updates 2019 Pre-Feasibility Study (for Cinovec mine, in which it has a 49% economic interest. Annual production of battery grade lithium hydroxide monohydrate modelled to increase from 25,267 tonnes per annum to 29,386 tonnes per annum, an increase of 16%. Executive Chair Keith Coughlan says new study "adds significantly to the already robust forecast economics for the project." He adds: "The results of the study are very positive for the overall economics, resulting in a far greater amount of the ore resource being utilised for production of lithium and increasing the after tax net present value from USD1.1 billion to USD1.94 billion. Given the current price of lithium hydroxide is in the vicinity of USD 40,000 per tonne it is clear that that the Cinovec Project will be critical to European battery self-sufficiency." Separately, notes it has firm commitments for a placement for 10.3 million CDI's at an issue price of AAUD1.40 per CDI to raise about AUD14.4 million, about USD10.4 million from institutional clients. Says proceeds will assist in the further development of Cinovec.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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

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

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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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15 Dec 2023 15:58

UK shareholder meetings calendar - next 7 days

Monday 18 December 
Ascential PLCGM re proposed sale of digital commerce business
Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
LondonMetric Property PLCGM re revised directors' remuneration policy
Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
Tuesday 19 December 
dotdigital Group PLCAGM
easyJet PLCGM re buy of 157 A320neo family aircraft
Microsaic Systems PLCGM re fundraising
Netcall PLCAGM
Orosur Mining IncAGM
Technology Minerals PLCAGM
Zanaga Iron Ore Co LtdAGM
Wednesday 20 December 
AVI Global Trust PLCAGM
Lift Global Ventures PLCAGM
Northamber PLCAGM
RM Infrastructure Income PLCGM re managed wind-down
SolGold PLCAGM
Thursday 21 December 
Beacon Energy PLCAGM
Beeks Financial Cloud Group PLCAGM
Coinsilium Group LtdAGM
Conroy Gold & Natural Resources PLCAGM
Gfinity PLCAGM
Helium Ventures PLCAGM
Karelian Diamond Resources PLCAGM
Kin & Carta PLCCourt and GM re takeover by Apax Partners LLP 
Macau Property Opportunities Fund LtdAGM
Pathfinder Minerals PLCGM re proposed GBP1.3 million fundraise
ScS Group PLCGM re takeover by Cerezzola
VietNam Holding LtdAGM
VietNam Holding LtdEGM re introducing redemption facility
Friday 22 December 
Corcel PLCAGM
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

EARNINGS AND TRADING: Wincanton profit down; James Cropper ups payout

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

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31 Oct 2023 14:23

TRADING UPDATES: Amaroq wins two new exploration licences in Greenland

(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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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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31 Jul 2023 21:59

TRADING UPDATES: Barryroe hires examiner in bid to avoid liquidation

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

Read more
21 Jul 2023 10:06

IN BRIEF: European Metals wins EUR6m investment for Cinovec project

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.

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27 Jun 2023 13:51

Cadence Minerals results hurt by European Metals Holdings share slide

(Alliance News) - Cadence Minerals PLC on Tuesday reported a wider annual loss, caused by unrealised loss on financial investments.

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9 Jun 2023 11:58

European Metals upbeat on lithium project land purchase

(Sharecast News) - European Metals Holdings announced on Friday that Geomet has reached an agreement to acquire a parcel of land at the industrial site 'Dukla' in the Újezdeček Municipality.

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9 Jun 2023 11:37

European Metals secures industrial land near Cinovec mine in Czechia

(Alliance News) - European Metals Holdings Ltd on Friday said its subsidiary Geomet SRO has agreed to buy land at the industrial site Dukla in the Ujezdecek municipality in Czechia.

Read more

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