from the ASX...Firm Commitments from institutional and sophisticated investors received for a private placement of AUD 7.1million (before costs).
Includes substantial support and participation with a A$5 million contribution by Luxembourg green energy fund, Thematica Future Mobility.
Funds raised will assist in further development of the Cinovec Project and general working capital and to introduce strategic institutional investors as the Company progresses the Project towards FID and full funding.
Cinovec contains the largest hard rock lithium deposit in Europe.
Cinovec is fully funded to final investment decision with approximately EUR26.7min the Project company currently.
EMH intending to become one of the lowest carbon footprint producers of battery grade Lithium Hydroxide and Lithium Carbonate in Europe.
Cinovec is situated within 250 km of a large number of existing or proposed end users of battery grade lithium chemicals.
Completion of 12 of a total of 19 hole programme at the Cinovec Project.
Interim results from first 6 holes in line with or better than expectations.
Cinovec contains the largest hard rock lithium deposit in Europe.
Cinovec is fully funded to final investment decision with approximately EUR26.7min Project Company currently.
EMH intending to become one of the lowest carbon footprint producers of battery grade Lithium Hydroxide and lithium carbonate in Europe.
Cinovec is situated within 250 km of numerous existing or proposed end users of battery grade Lithium chemicals.
On 15 December 2020 the Company announced that it was accepted to trade on the globally renowned US based NASDAQ International OTC program and the Company commenced trading under the code ERPNF.
On 6 December 2020 the Company commenced trading on OTC Pink Market under the code PKC: EMHLF.
The Company advised on the continued discussions with the Prague Stock Exchange (PSE) regarding the proposed listing of the Company's securities.
On 30 December 2020 the Company was pleased to announce the arrangement of a further funding agreement with 6466 Capital Limited. The agreement allows for the draw down of up to AUD 1 million in tranches as required over 12 months.
European Metals Holdings Limited (ASX & AIM: EMH) (”European Metals" or the ”Company”) is pleased to announce the arrangement of a further funding agreement with 6466 Capital Limited. The agreement allows for the draw down of up to AUD 1 million in tranches as required over 12 months. Any funds drawn down will convert to CDI's in the Company at a price equal to a 15% discount to the 10 - day volume weighted average price of the Company's securities. The issue of shares pursuant to draw downs is not subject to shareholder approval.
European Metals Holdings Limited is pleased to announce the appointment of SMS group Process Technologies GmbH as the lead engineer for the minerals processing and lithium battery-grade chemicals production at the Cinovec Project.
