European Metals Holdings (LON:EMH), the owner of the Cinovec lithium deposit in the Czech Republic, has added an AIM listing to its existing quote in Australia.
Cinovec has the potential to be a significant and low cost producer of both lithium and tin (and a tungsten credit), according to Keith Coughlan, managing director.
"Being admitted to AIM will provide us with greater flexibility to continue our growth in the future and will enable the company to access a wider investor base,” he said.
Work at Cinovec will initially comprise in-ill drilling and metallurgical testing.
Fellow AIM-listed company Rare Earth Minerals (LON:REM) owns a direct 11.87% share holding with its chief executive Kiran Morzaria to join the EMH board as a non-executive director.
David Lenigas, Rare Earth’s executive chairman, said though currently not producing Cinovec was one of the first mines in the world to produce lithium carbonate commercially.
“It is a substantial JORC compliance lithium resource in the EU and is located only 2 kilometres from the German border.
“Germany is the automotive hub of Europe and REM sees this project as being strategic for the ever growing global demand for lithium."
Shares were 11.5p in early deals.