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European Metals shareholders prepare to vote on Czech deal

The Czech state power utility CEZ has agreed to stump up £25.6mln for a 51% stake in the Cinovec battery-grade lithium project

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European Metals Holdings Limited (LON:EUZ) has sent out a notice ahead of its shareholder meeting to approve a £25.6mln investment in the company’s Cinovec battery-grade lithium project.

The Czech state power utility CEZ has agreed to plough in the cash. The formal notice being circulated to investors outlines the full details of the funding obligations and right of CEZ to withdraw from the project on reaching one of two “specified milestones”.

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Quick facts: European Metals Holdings

Price: 23.15 GBX

AIM:EMH
Market: AIM
Market Cap: £37.15 m
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European Metals' Keith Coughlan talks appointment of SMS Group to lead...

European Metals Holdings Ltd's (LON:EMH)(ASX:EMH) chairman Keith Coughlan speaks to Proactive's Andrew Scott following the news they've hired SMS Group Process Technologies GmbH as lead engineer at the Cinovec project, in Czech Republic. SMS will be working on the minerals processing and lithium...

on 23/9/20

2 min read