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European Metals Holdings Limited ( (AU:EMH) ) has shared an update.
European Metals Holdings Limited has secured a funding pathway to complete the Definitive Feasibility Study (DFS) for the Cinovec Lithium Project by issuing a €11.0 million cash call, with its share being €5.39 million. The company has raised A$3.0 million through a placement and plans to refinance a CZK 121 million loan or sell surplus land to meet its financial obligations. The DFS is on track for completion in October 2025, with additional test work indicating potential improvements in reagent and waste management, which could enhance the project’s economic viability and EMH’s market position.
More about European Metals Holdings Limited
European Metals Holdings Limited operates in the mining industry, focusing on the exploration and development of lithium projects. Its primary project is the Cinovec Lithium Project, which is recognized as the largest hard rock lithium deposit in Europe and the fifth largest non-brine deposit globally. The company is strategically positioned with a significant market focus on lithium, a critical raw material for the battery industry, and is involved in a joint venture with CEZ a.s.
Average Trading Volume: 143,408
Technical Sentiment Signal: Sell
Current Market Cap: A$41.49M
For a thorough assessment of EMH stock, go to TipRanks’ Stock Analysis page.