European Metals Holding Limited (DI) (EMH)

Sector:

Mining

Index:

FTSE AIM All-Share

 16.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 49.00
  • 52 Week Low: 12.50
  • Currency: UK Pounds
  • Shares Issued: 207.44m
  • Volume: 9,251
  • Market Cap: £34.23m
  • RiskGrade: 111

European Metals reports progress at Cinovec, flags possible delays

By Josh White

Date: Friday 29 Apr 2022

LONDON (ShareCast) - (Sharecast News) - European Metals Holdings reported "continued progress" in developing the Cinovec lithium and tin project in the Czech Republic on Friday, though it did flat some potential delays in the process caused by laboratory backlogs.
The AIM-traded firm said the quarter ended 31 March was marked by "continued strong progress" towards finalising the definitive feasibility study, together with ongoing discussions with potential offtakers for the project's products.

From a macro perspective, it said prices for the project's two key products - lithium hydroxide and tin - increased significantly in the period, with lithium hydroxide prices exceeding $70,000 per tonne, and tin topping $45,000 per tonne.

The board said the prices compared "very favourably" to the prices that were used in the 2022 preliminary feasibility study update, being $17,000 for lithium hydroxide and $24,000 for tin.

"The timeline for the completion of the definitive feasibility study is currently under review," the directors said in their statement.

"Whilst the work on the study is proceeding very well, there have been delays in the process caused in part by Covid-19 issues in laboratories, the dramatic upturn in the workload of laboratories and therefore reduction in laboratory availability due to increase in demand in the lithium space, and logistical issues in the industry caused by the Ukrainian situation."

EMH said it was currently reviewing the project's timelines, and would advise the market when that was complete.

"It is not expected that this will delay the critical path of the project, as during this time the company will be in the process of finalising permitting matters."

EMH also noted that after the end of the quarter, it appointed David Koch as its new chief financial officer and company secretary.

At 1143 BST, shares in European Metals Holdings were down 0.76% at 65.5p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EMH Market Data

Currency UK Pounds
Share Price 16.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 49.00
52 Week Low 12.50
Volume 9,251
Shares Issued 207.44m
Market Cap £34.23m
RiskGrade 111

EMH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
84.44% below the market average84.44% below the market average84.44% below the market average84.44% below the market average84.44% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average
Income Not Available
Growth Not Available

EMH Dividends

No dividends found

Trades for 17-Jun-2024

Time Volume / Share Price
14:45 630 @ 16.50p
14:45 620 @ 16.25p
14:45 620 @ 16.25p
13:17 1,105 @ 16.06p
10:29 1,040 @ 16.06p

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