Business
European Metals Finalises A$3.5m Placement
European Metals Holdings Limited has successfully finalised a placement, raising approximately A$3.46 million before costs, to fund the ongoing development of the Cinovec Lithium Project and for general working capital. The placement involved the issue of approximately 10.8 million ordinary shares at A$0.32 per share, representing a 13.5% discount to the previous day's trading price. This capital injection supports the company's progression towards project financing, off-take agreements, and further development of its significant lithium deposit in Europe. Disclaimer*
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n\n \nEuropean Metals Finalises A$3.5m Placement\nEuropean Metals Holdings Limited (ASX and AIM: EMH, OTCQX: EMHXY/EMHLF) (\"European Metals\" or the \"Company\") is pleased to announce that it has received firm commitments for a placement to raise approximately A$3.46 million (before costs) to high net worth and institutional clients of Barclay Wells and Zeus Capital (Placement). Placement proceeds will be applied towards ongoing development of the Cinovec Lithium Project and general working capital.\n \nExecutive Chairman Keith Coughlan said:\n \n\"We are delighted with the support received for the Placement, and would like to thank our existing shareholders for their support and in turn welcome a number of new investors to the register.\n \nEuropean Metals looks forward to updating the market on progress following the release of the Company's compelling Definitive Feasibility Study, with discussions advancing for the progression of project financing with additional grant funding, commercial lenders and potential strategic partners, moving toward the completion of off-take agreements.\"\n \nPlacement details\n \nThe Placement will be settled via the issue of approximately 10.8 million ordinary fully paid shares (Shares) at an issue price of A$0.32 per Share to raise A$3.46 million (before costs). \n \nThe issue price of $0.32 represents a 13.5% discount to the Company's last traded price on 20 January 2026 (A$0.37).\n \nThe Shares and DIs are expected to settle on Wednesday, 28 January 2026 and commence trading on a normal basis on Thursday, 29 January 2026. New Shares issued under the Placement will rank equally with existing Shares on issue.\n \nThe Placement is being conducted pursuant to the Company's existing placement capacity under ASX Listing Rule 7.1A.\n \nBarclays Wells acted as Lead Manager and Bookrunner to the Placement.\n \nENDS\n \nThis announcement has been approved for release by the Board.\n \n \nCONTACT\n \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 \n \n \nENQUIRIES:  ...