Business
Engagement of Strategic Energy Investment Adviser
Engagement of Strategic Energy Investment Adviser.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \n \n For immediate release\n \n \n \n \n \n 28 October 2022\n \n \n \n EUROPEAN METALS HOLDINGS LIMITED\n \n \n \n \n ENGAGEMENT OF GERMAN STRATEGIC ENERGY INVESTMENT ADVISER\n \n \n \n \n \n \n \n European Metals Holdings Limited\n \n (ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF) (\"European Metals\" or the \"Company\") is pleased to announce the appointment of Luthardt Investment GmbH, a Berlin-based consultancy specializing in energy production and government relations support to large infrastructure projects internationally.\n \n \n On 14 September 2022, European Commission President Ursula von der Leyen announced the European Critical Raw Materials Act, aimed at securing a sustainable supply of critical raw materials for Europe and lessening European dependency on certain other suppliers. Background commentary regarding the Act focuses on development of Europe's raw materials sources, through mobilising necessary financing for the sector and identifying strategic European projects for priority assistance.\n \n \n The Company believes that these initiatives will benefit the Cinovec Project, which has the potential to be a significant European source of lithium.\n \n \n Luthardt Investment GmbH is led by Sven Luthardt, who has broad business experience supporting companies in Europe and the Middle East, particularly in the field of Government relations.\n \n \n The company is a globally active services provider and general contractor offering a comprehensive spectrum of services in the energy field. It is also a service and sales partner to several German manufacturers.\n \n \n Mr Luthardt is a member of the Green Hydrogen Taskforce, a collaborative effort between energy, industrial technology, and new technology companies in Germany along with Australia's Forrest Future Industries. He is also a senior adviser to Roland Berger, an international management consultancy headquartered in Munich.\n \n \n Luthardt Investment will advise the Company as well as the project company, Geomet, on EU and national government-level relations, with the aim of promoting official support of the Cinovec Project.\n \n \n In consideration for the engagement, the Company will issue Luthardt Investment a total of 2 million unlisted options to acquire fully paid ordinary shares, exercisable at AU$0.80 on or before 30 Dece...