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European Metals welcomes investment from EBRD

European Metals welcomes investment from EBRD

European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTCQX:EMHLF) chairman Keith Coughlan tells Proactive the company is to receive a €6mln investment from the European Bank for Reconstruction and Development (EBRD) to help fund the Cinovec Lithium Project in the Czech Republic. As part of its due diligence, EBRD engaged an independent, international mining consultancy to conduct a technical review of the Cinovec project. EBRD also performed a review of the project with respect to compliance with EBRD's Environmental and Social Policy.

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