logo-loader
viewEuropean Metals Holdings

European Metals Holdings confirms receipt of purported indicative offer to purchase lithium project at Cinovec

The AIM-listed firm said it received a letter from Krupa Global Investments on 15 January purporting to make the indicative offer, however, it did not contain any details with regards to price, terms or conditions

Lithium
“In light of the absence of this information European Metals does not consider this to be an offer to which it can give consideration at this time”

European Metals Holdings Limited (LON:EMH) shares rose on Wednesday after the group confirmed it has received a purported indicative offer to "purchase the lithium mining and processing project at Cinovec" on behalf of the Ceske Litihium company, part of Krupa Global Investments (KGI).

In a statement, the AIM-listed firm said it received a letter from KGI on 15 January 2019 purporting to make the indicative offer for the project at Cinovec, which is in the Czech Republic. However, it did not contain any details with regards to price, terms or conditions.

WATCH: European Metals kicks off DFS drilling at Cinovec Lithium-Tin project

The company added: “In light of the absence of this information European Metals does not consider this to be an offer to which it can give consideration at this time.”

European Metals said it was making the announcement as it has become aware that KGI has released its letter to the Czech Press.

The group confirmed that it has had no discussion with KGI on this matter.

In late morning trading, shares in European Metal Holdings were 15.6% higher at 18.50p.

Quick facts: European Metals Holdings

Price: 19.75 GBX

AIM:EMH
Market: AIM
Market Cap: £29.78 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of European Metals Holdings named herein, including the promotion by the Company of European Metals Holdings in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

European Metals' Keith Coughlan discusses significant potential partnership...

European Metals Holdings Ltd's (LON:EMH) managing director Keith Coughlan caught up with Proactive London's Andrew Scott following the news they've secured a €2mln convertible loan from CEZ Group - one of Central and Eastern Europe's largest power utilities. Coughlan says the successful...

on 16/7/19

2 min read