Business
Response to Statement of Czech Minister
Response to Statement of Czech Minister.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 5089G European Metals Holdings Limited 02 March 2018 \n\nFor immediate release\n2 March 2018\nEUROPEAN METALS HOLDINGS LIMITED\nRESPONSE TO STATEMENT OF CZECH MINISTER OF INDUSTRY AND TRADE\n \nEuropean Metals Holdings Limited (\"European Metals\" or \"the Company\") notes recent public statements by and correspondence it has received overnight from Mr Thomas Huner, Minister of Industry and Trade of the Czech Republic, purporting to terminate the Memorandum of Understanding dated 2 October 2017 between the Company and the Ministry of Industry and Trade (the \"MoU\").\n \nThe MoU outlines mutual willingness to explore downstream processing opportunities, Czech academic research into lithium processing, potential future co-operation and discussing and exploring possibilities of future agreements. All Company rights are derived from the current Czech legal system, notably the Geological and Mining Act, not the MoU. Any termination of the MoU would not in any way affect the exploration rights of the Company or the Company's tenure over its exploration permits and the Company continues to progress the project with ongoing metallurgical testwork, discussions with offtakers and preparations for feasibility drilling underway.\n \nThe Company remains entirely focused on working with all stakeholders, including the Minister of Industry of Trade and the Government of the Czech Republic, to successfully develop the Cinovec Project as a first-in-kind project that will pave the way for a successful lithium mining and processing industry in the Czech Republic. We look forward to meeting with the Minister in the near term to further these discussions.\n \nENQUIRIES:\n\n\n\n\nEuropean Metals Holdings Limited\nKeith Coughlan, Managing Director\n \n \nKiran Morzaria, Non-Executive Director\n \nJulia Beckett, Company Secretary\n\n\n \nTel: +61 (0) 419 996 333\nEmail: [email protected]\n \nTel: +44 (0) 20 7440 0647\n \nTel: +61 (0) 8 6245 2057\nEmail: [email protected]\n \n\n\n\n\nBeaumont Cornish (Nomad & Broker)\nMichael Cornish\nRoland Cornish\n \n\n\nTel: +44 (0) 20 7628 3396\nEmail: [email protected]\n\n\n\n\nJoint Broker\nDamon Health\nErik Woolgar\nShard Capital\n \n\n\n Tel: +44 (0) 20 7186 9950\n\n\n\n\nTh...