Europa Metals Ltd (AIM:EUZ, JSE:EUZ, OTC:EOPAF) (Europa Metals Ltd (AIM:EUZ, JSE:EUZ, OTC:EOPAF), Europa Metals Ltd (AIM:EUZ, JSE:EUZ, OTC:EOPAF), Europa Metals Ltd (AIM:EUZ, JSE:EUZ, OTC:EOPAF)) Chief Executive Laurence Read joins Proactive London to talk about implementing a company-wide cost-saving programme as it focuses on testing and resource expansion at its Toral project in Spain and looks for new projects.
He says this programme aims to ensure resources are directed as far as possible on project related expenditure and existing operations, as well as the evaluation of potential new complementary projects and opportunities.
Three directors, including Read, have also agreed to receive 50% of their salaries this year in shares instead of cash with further cost savings intended to be rolled out over the coming months.