European Metals Holdings Regulatory News (EMH)

22 January 2026

European Metals Holdings Limited

("European Metals", "EMH", or "the Company")

Update to the placement

Further to the announcement made by European Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY/EMHLF) on 21 January 2026, the Company confirms it has raised A$3,459,680 from new and existing high net worth and institutional investors. As previously announced, the net proceeds will be applied towards ongoing development of the Cinovec Lithium Project and general working capital.

Capital Raise

The Company has raised gross proceeds of approximately A$3,459,680 via the placing of 10,811,500 new ordinary shares ("New Ordinary Shares") at a price of A$0.32 per New Ordinary Share.

The funds raised will be utilised for the ongoing development of the Cinovec Lithium Project and general working capital.

The Placing price represents a discount of 13.5% to the last ASX-traded price of A$0.37 on 20 January 2026. The New Ordinary Shares being issued represent approximately 4.55% of the enlarged issued ordinary share capital of the Company after Admission of the New Ordinary Shares.

Share Issue

The Company will issue 10,811,500 New Ordinary Shares utilising the Company's existing shareholder authorities and placement capacity under ASX listing rule 7.1A in relation to the placement.

The Company has also issued 562,500 New Ordinary Shares in lieu of fees or interest payable under a loan facility.

Settlement and dealings

Application has been made for 11,374,000 New Ordinary Shares to be admitted to trading on ASX and AIM ("Admission") and it is expected that Admission will become effective on or around 28 January 2026. The New Ordinary Shares will rank pari passu with the Company's existing issued Ordinary Shares.

Total Voting Rights

Following Admission of the New Ordinary Shares, European Metals will have 237,568,705 Ordinary Shares in issue with voting rights attached. European Metals holds no shares in treasury. The figure of 237,568,705, may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the ASX Listing Rules or the U.K. Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs").

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