EMHLF - European Metals welcomes investment from EBRD

(NewsDirect)

European MetalsHoldings Ltd (AIM:EMH, ASX:EMH, OTCQX:EMHLF) chairman Keith Coughlantells Proactive the company is to receive a €6 million investmentfrom the European Bank for Reconstruction and Development (EBRD) tohelp fund the Cinovec Lithium Project in the Czech Republic.

Coughlan said it was astrong endorsement of Cinovec’s value and commitment to the highestenvironmental and social standards.

As part of its due diligence, EBRD engaged anindependent, international mining consultancy to conduct a technicalreview of the Cinovec project. EBRD also performed a review of theproject with respect to compliance with EBRD's Environmental andSocial Policy.

“The EBRD investment aims to fund the project'spredevelopment work and opens a pathway to potentially securingproject financing," Coughlan said.

“The successful completion of the technicaldue diligence process is a testament to the quality of the Cinovecteam.”

Cinovec is being developed byGeomet, a 51/49% joint venture between state-owned CEZ andEMH.

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Proactive Investors

JonathanJackson

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