European Metals welcomes investment from EBRD | News Direct

European Metals welcomes investment from EBRD

European Metals Holdings Ltd
News release by European Metals Holdings Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | July 24, 2023 01:45 PM Eastern Daylight Time

European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTCQX:EMHLF) chairman Keith Coughlan tells Proactive the company is to receive a €6 million investment from the European Bank for Reconstruction and Development (EBRD) to help fund the Cinovec Lithium Project in the Czech Republic.

Coughlan said it was a strong endorsement of Cinovec’s value and commitment to the highest environmental and social standards.

As part of its due diligence, EBRD engaged an independent, international mining consultancy to conduct a technical review of the Cinovec project. EBRD also performed a review of the project with respect to compliance with EBRD's Environmental and Social Policy.

“The EBRD investment aims to fund the project's predevelopment work and opens a pathway to potentially securing project financing," Coughlan said.

“The successful completion of the technical due diligence process is a testament to the quality of the Cinovec team.”

Cinovec is being developed by Geomet, a 51/49% joint venture between state-owned CEZ and EMH.



Contact Details


Proactive Investors


Jonathan Jackson


+61 413 713 744

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