leadf
logo-loader
viewEuropean Metals Holdings

European Metals results for the year to 2020 show Cinovec fully funded to a final investment decision

The Cinovec project is strategically situated just across the border from major German car manufacturers

European Metals Holdings -

European Metals Holdings PLC (LON:EMH) generated revenue of just over US$180,000 in the year to 30 June 2020.

The company turned in a loss of US$4.6mln and closed out the year with US$58,000 in cash.

During the year the company completed an agreement in regard to its Czech lithium asset with CEZ, a Czech power utility, under the terms of which CEZ became a 51% owner, and injected €29mln into the local holding company.

This agreement provides all necessary funding to move the project to final investment decision, and provides strong business and management support within the Czech Republic.

 

Quick facts: European Metals Holdings

Price: 21.307 GBX

AIM:EMH
Market: AIM
Market Cap: £34.19 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

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...

4 weeks, 1 day ago

2 min read