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European Metals Holdings Limited ( (AU:EMH) ) just unveiled an update.
European Metals Holdings has secured firm commitments for a A$3.46 million equity placement to high-net-worth and institutional investors at A$0.32 per share, a 13.5% discount to its last closing price, with settlement and trading of the new shares expected late January. The funds will support ongoing development of the Cinovec Lithium Project and general working capital, bolstering the company’s progress following a positive Definitive Feasibility Study that confirmed the project’s economic viability, long operating life, and strategic role as a potential supplier of battery-grade lithium carbonate to Europe’s fast-growing EV and energy storage sectors, while management advances project financing talks and prepares for future off-take agreements.
The most recent analyst rating on (AU:EMH) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on European Metals Holdings Limited stock, see the AU:EMH Stock Forecast page.
More about European Metals Holdings Limited
European Metals Holdings Limited is a lithium development company focused on advancing the Cinovec Lithium Project in the Czech Republic, one of the world’s largest hard rock lithium deposits. Through its 49% stake in project company Geomet s.r.o., alongside majority partner ČEZ, European Metals aims to produce battery-grade lithium carbonate for the European electric vehicle and energy storage markets, targeting a long-life operation capable of supplying a meaningful share of anticipated EU lithium demand.
Average Trading Volume: 322,886
Technical Sentiment Signal: Buy
Current Market Cap: A$85.03M
Learn more about EMH stock on TipRanks’ Stock Analysis page.