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EMH European Metals Holdings Limited

0.00 (0.0%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
European Metals Holdings Limited LSE:EMH London Ordinary Share VGG3191T1021 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 30.00 17,210 08:00:00
Bid Price Offer Price High Price Low Price Open Price
29.00 31.00 30.00 30.00 30.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec AUD 1.12M AUD -5.93M AUD -0.0286 -12.94 76.71M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:59:06 O 666 30.00 GBX

European Metals (EMH) Latest News (1)

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Posted at 01/12/2023 08:20 by European Metals Daily Update
European Metals Holdings Limited is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker EMH. The last closing price for European Metals was 30p.
European Metals currently has 207,324,705 shares in issue. The market capitalisation of European Metals is £76,710,141.
European Metals has a price to earnings ratio (PE ratio) of -12.94.
This morning EMH shares opened at 30p
Posted at 13/11/2023 10:52 by robertspc1
Invinity Lithium up 40 per cent after the award of an €18.8 million grant from the Spanish Government for the advancement of the San José #Lithium Project. EMH much better asset IMHO
Posted at 09/11/2023 13:25 by goodgrief
Although the news is good and another box ticked, it is not enough in today's climate. Only significant news such as the release of the DFS, EU sorting out its critical metals policy, offtake news is going to shift the spot price. Hidden in yesterday's DB conference, it was reported that they have been turning down offtake enquires from Asian end users. Now that is significant . . .
Posted at 02/11/2023 19:21 by robertspc1
Anyone remember a few years ago when a mystery Czech bidder tried to buy a big stake in EMH at c18p. Was a very strange and short lived attempt but maybe they could return ... still think this is very undervalued given strategic importance
Posted at 25/10/2023 18:13 by robertspc1
I tend to agree but they probably have the financial resources and political clout to get the project built after letting EMH do the development work
Posted at 24/10/2023 11:49 by robertspc1
Everyone is getting bored waiting for real news rather than CEO fluff. Gotta think that CEZ might just take the whole project over if the EMH value falls much further
Posted at 13/9/2023 08:20 by wallywoo
Bgt back in here, today. Surprised this has fallen back to 35 /36 p level. However, I like the share personality here. That is, dormant and low share price, then whosh on news.Newsflow will be significant over the next year too.
Posted at 09/6/2023 06:24 by someuwin
9 June 2023

Land Secured for Cinovec Lithium Plant


- Cinovec Project Company, Geomet s.r.o. secures ownership of Dukla industrial site for construction of the Cinovec lithium plant

- Dukla Plant site will include ore beneficiation plant and battery-grade lithium plant
- Geomet s.r.o., owner of 100% of the Cinovec Project, to become sole owner/user of site
European Metals Holdings Limited ( ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF ) (" European Metals " or the " Company ") is pleased to announce Geomet s.r.o (its 49% owned subsidiary) has agreed to purchase land at the industrial site "Dukla" in the Újezdeček Municipality, 6.2 km south of the planned Cinovec Mine portal area, on which it intends to construct a lithium plant, for a total purchase consideration of US$ 43.96m.

Commenting on the land purchases, European Metals Executive Chairman Keith Coughlan said:

"Acquiring this land secures an integral part of the Cinovec Project - the acquisition of the land on which the Lithium Plant is to be built. The close location of Dukla to the mine site is critical to the minimisation of transport costs and ESG impact. The acquired land is zoned for industrial use.

With the land now secured, DRA Global can complete the layout designs for the lithium plant which are required as part of the DFS. This enables the timeline to completion to be maintained."

Dukla Processing Plant Site

The Dukla site, which is subject to an existing industrial usage permit, is owned by four private companies, with all peripheral and adjacent land relevant to the site held by Czech State and/or local public bodies.

The Cinovec Project holding company, Geomet s.r.o. ( Geomet ) which is a forty nine percent (49%) owned subsidiary of European Metals, has agreed to acquire one of the privately-held land packages and entered into exclusive and unconditional option agreements for the purchase of the other three.

The Dukla site has been confirmed as an appropriate site upon which to build a lithium plant for the beneficiation of Cinovec ore and production of battery-grade lithium in accordance with the Company's ongoing DFS which is on track to be completed in 4Q23. This confirmation has been obtained as a result of engineering layout and design work undertaken in the DFS to-date, geohydrological and geotechnical surveys over the site, completed in early 2023.

An application to the Usti Regional Department of Land Use Planning for the rezoning of the land around the Dukla site (which is already zoned for industrial use), ore transport corridor options and the Cinovec Mine portal area was made in April 2022. The result of this re-zoning application is expected to be finalised in 4Q23. The Company intends to exercise its 3 options and settle these land acquisitions after the re-zoning application has been successful, anticipated to occur in 2024.

Figure 1 below shows the Dukla site, including the land packages to be acquired. Figure 2 shows the Dukla site in the context of the local area and the Cinovec Mine portal.

Principal Terms of the Dukla Land Contracts

Geomet signed the contracts having future options to acquire all necessary lands in Dukla location at total value of CZK966m (US$ 43.96m) . EMH has provided a loan of CZK 121m (US$ 5.51m) to Geomet for its proportion of all deposits and option fees. The Company funded the loan to Geomet using cash at bank and anticipates that the remainder of the monies to be paid at exercise of the Option will be funded as part of the project financing for the Cinovec Project. Each of the contracts are unconditional.

1. Seller - Imola Company a.s. (17.5 Ha, shown in purple in Figure 2)
-- Option to purchase the land
-- Payments made up to the date of exercise of the option
-- Final date for exercise of option to purchase is 31(st) July 2025
-- Geomet has received a pledge over the land
2. Seller - FVE Tech s.r.o. (2.2 Ha, shown in red in Figure 2)

-- Option to purchase the land
-- Final date for exercise of option to purchase is 31(st) July 2025
-- Geomet has received a pledge over the land
3. Seller - MC Centrum a.s. (Deskform) (4.1 Ha, shown in green in Figure 2)
-- Acquired MC Centrum a.s.
-- Final date for exercise of option to purchase 31(st) July 2025
-- A mortgage in favour of the Joint venture partners (Severoceske Doly and the Company) has been granted over the land.

4. Seller - DATOU s.r.o. (0.5 Ha, shown in orange in Figure 2)
-- CZK 120,000 (US$5,400) deposit paid.
-- CZK 930,000 (US$41,850) to be paid on completion.
-- Acquisition will complete upon entry into land registry, expected on or around 3(rd) July 2023

Figure 1: Orange boundary shows the full Dukla land package with the grey area currently in the regional re-zoning permitting process. Purple, green, red and orange areas are the land packages being acquired or secured by contract as detailed in this announcement; in aggregate, these correspond approximately to the existing industrially-permitted area. All of the grey area within the regional re-zoning application area is held by Czech State and local public bodies. The majority of the grey area is required for land access (road/rail) and/or plant construction purposes.

Purple Imola Company a.s. land package secured by contract, including rail spur land adjoining existing rail line.

Red FVE Tech s.r.o. land package secured by contract.
Green MC Centrum a.s. (Deskform) land package secured by contract.
Orange DATOU s.r.o. , due to complete until 3(rd) July 2023 at the latest.
Figure 2: The Dukla Plant Site in the local context showing the mine portal area 6.23km to the north. The Project sites are north and north-west of the industrial town of Teplice. The elongated north/south town shown in Figure 2 is Dubí.
Posted at 27/5/2023 12:11 by diesel
Peter, you ask reasonable questions and probably apply to many explorers where the share price reacts strongly to discoveries but tend to wane due to dilution, timescale and risks to production. EMH has a lot going for it and when in production could be worth 10x present mcap, but this will depend on how they raise the capex. Personally I believe the malaise in share price is due to boredom/frustration at how long it’s taken to get a DFS out, at least now we have a definitive. I am convinced that the release together with EV permissions will have a dramatic effect on the share price. As you say there are many producers or ones coming online soon but we should not overlook the desire for home supply whether US, China or the EU. Of course this is all personal analysis, good luck….
Posted at 27/5/2023 10:22 by petersinthemarket
I am still puzzling about lithium as an investment, so I hope contributors will allow me one last go at it. There is plenty of lithium available in many countries, whether from brine or underground mines. Perhaps in response to the percieved future demand curve, many smaller companies are beginning, or planning to begin, lithium production. On the German/Czech border, one of the worlds largest lithium resources in the world is under consideration for a massive lithium output at some time in the near future. Roughly 80% of new lithium will be going into batteries for EVs and static storage banks. EV production is growing, but at a lower than predicted rate, assumed to be due to distance/charge point/EV cost issues. The cost of an EV is greatly affected by lithium-ion battery costs, but manufacturers say that this could fall markedly in the next few years due to increasing lithium availability and reducing lithium prices. Lithium demand is expected to rise strongly in the near future, but currently the lithium price is at a low point and over-supply for the next few years may hold it there, or thereabouts. I am interested in lithium as an investment, but I cannot find a convincing reason for the share price to rise strongly in any realistic timescale. I would be interested to know what timescale contributors are looking at and why. Have a good weekend break, pete
Posted at 26/5/2023 12:46 by petersinthemarket
I'm glad we all agree that the market is forward looking. How patronizing. The question is: How far into the future? I first bought EMH some years ago when everyone was putting 2 and 2 together and coming to 5 and the share price has done little but fall ever since. Are we at the bottom yet?

The initial excitement was the obvious future need for lithium and the proximity of massive underground deposits right next door to the major European carmakers. As i remember it, many investors were assuming that the car makers and glass makers, amongst others, would be falling over themselves to buy in. Didn't happen. After several years, we are still in a similar position today.

Lithium prices have not gone crazy because it's not scarce and there are huge deposits of the stuff in brine all over the globe. So ZNWD and EMH are still long term hopefuls with no output [CTL Clean Tech Lithium too].

I believe that any future for lithium must shadow the future of EVs and batteries for vehicles and static grid support installations. There is a huge problem with high EV prices, but there is no lithium shortage and the stated 2030 deadline also looks fanciful to me.

I don't believe there is any hurry to buy lithium shares as the boat won't be leaving for a long time yet, but I would still be interested to understand when holders expect to profit on their investments.
rgds, pete
European Metals share price data is direct from the London Stock Exchange

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