LONDON (ShareCast) - (ShareCast News) - European Metals, the Australian and UK-listed mineral exploration and development company reported Wednesday it had raised £2,281,000 to advance the on-going definitive feasibility on the Cinovec deposit, Europe's largest lithium resource, and for general working capital.




The capital raise was conducted through subscriptions, mainly to UK based investors, predominantly arranged by Shard Capital, at a price of 35p.

Managing director Keith Coughlan said: "these funds will be used to continue the extensive works that are on-going with regards to the definitive feasibility study for Cinovec. With metallurgical optimisation work almost complete, mine design commenced and offtake discussions progressing, it is a very busy time for the Company whose licences are located in the heart of the European EV revolution."

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