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European Metals reaches final agreement with CEZ for Cinovec investment

European Metals Holdings Limited's (LON:EMH) Keith Coughlan caught up with Proactive London's Andrew Scott following the news they've reached a final agreement for Czech state power utility CEZ to take a 51% stake in the Cinovec lithium project.

The amended terms will see CEZ pay €29.1mln for its stake compared to the original proposal of €34mln.

Quick facts: European Metals Holdings

Price: 22.25 GBX

AIM:EMH
Market: AIM
Market Cap: £35.71 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