European Metals Holdings Limited (LON:EMH) has signed up German investment banking boutique, DGWA, for investor relations services to build the Lithium-focused firm's profile in Europe.
DGWA (Deutsche Gesellschaft für Wertpapieranalyse GmbH) is based in Frankfurt, Berlin and Vienna and, for EMH, it will assist in the German-speaking financial community where there is significant interest in electric vehicle and energy storage systems.
Additionally, it is expected that DGWA will introduce EMH to its network across Europe’s corporate and federal community as the company explores the possibilities of offtake-agreements, potential and subsidies.
"We are delighted to be partnering with DGWA to attract European and especially German-speaking investors and bring the European Metals opportunity to the European capital markets,” Keith Coughlan, EMH interim executive chairman said in a statement.
“Together with our strong industrial partner CEZ, we are moving closer to the development of Europe's largest hard-rock lithium project. We believe that the battery and EV industries in the EU are set for significant growth, as European battery production is a strategic imperative for clean energy transition and the competitiveness of its automotive sector.
"There have been significant financial and political commitments made recently within the EU to the development of a European Battery Industry and an Electric Vehicle future,” he added.
At the same time, EMH is also in talks with the Prague Stock Exchange over a potential listing of its shares, to provide Czechs the avenue to gain exposure to the Cinovec – EMH’s flagship asset and Europe’s largest hard-rock lithium project.
Elsewhere, Australian investors have provided the company with an interim funding facility, allowing drawdown of A$1mln in tranches over a 12-month period.