Business
Completion of Non-Dilutive Refinancing
European Metals Holdings Limited has completed the refinancing of the CZK 121 million, equivalent to approximately A$8.86 million, Dukla loan that was advanced to Geomet in 2023. The loan was originally intended for the acquisition of land at Dukla for a Lithium Chemical Plant. The company chose to refinance the loan to offset against a project cash call, avoiding further shareholder dilution. European Metals retains a buy-back right over the loan, which is exercisable until 31 December 2025. Disclaimer*
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n\nCompletion of Non-Dilutive Refinancing\n\nEuropean Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY/EMHLF) (\"European Metals\" or the \"Company\") advises that the refinancing of the CZK 121 million (~A$8.86 million) Dukla loan that European Metals advanced to Geomet in 2023 for the acquisition of land at Dukla, has been completed.\nOn 18 August 2025, the Company announced its intention to meet a portion of the project cash call through the refinancing of the loan to Geomet. The loan was originally provided for the acquisition of land at Dukla, which had been contemplated as the site of the Lithium Chemical Plant (\"LCP\"). The Company considered it more prudent to fund part of the cash call via the refinance of this loan and to offset European Metals the loan against the cash call rather than to further dilute shareholders.\nAs part of the refinancing, European Metals retains a buy-back right over the Loan, exercisable at any time prior to 31 December 2025.\nKeith Coughlan, Executive Chairman, commented: \"I am pleased that our project partner, CEZ has agreed to acquire the loan which the Company provided to Geomet, further demonstrating the commitment to the Cinovec Project and European Metals' role in development. We remain focused on delivering the Definitive Feasibility Study and continued further optimisation of the Project at this time of renewed optimism in the lithium market.\"\nThis announcement has been approved for release by the Board.\nCONTACT\nFor further information on this update or the Company generally, please visit our website at www.europeanmet.com or see full contact details at the end of this release.\n \nBACKGROUND INFORMATION ON CINOVEC\nPROJECT OVERVIEW\nCinovec Lithium Project\nGeomet s.r.o. controls the mineral exploration licenses awarded by the Czech State over the Cinovec Lithium Project. Geomet has been granted a preliminary mining permit by the Ministry of Environment and the Ministry of Industry. The company is owned 49% by EMH and 51% by CEZ a.s. through its wholly owned subsidiary, SDAS. Cinovec hosts a globally significant hard rock lithium deposit with a total Measured Mineral Resource of 53.3Mt at 0.48% Li2O, Indicated Mineral Resource of 360.2Mt at 0.44% Li2O and an Inferred Mineral Resource of 294.7Mt at 0.39% Li2O containing a combine...