LONDON (Alliance News) - European Metals Holdings Ltd on Wednesday said it received an offer from Krupa Global Investments to purchase the Cinovec lithium mining and processing project.
The Cinovec project is the largest lithium deposit in Europe, located in the Czech Republic.
The company said the offer letter did not include any details regarding price, terms or conditions. Europa Metals, therefore, "does not consider this to be an offer to which it can give consideration at this time".
European Metals shares were trading up 50% at 24.00 pence each.
European Metals Holdings (EMH)