European Metals Holdings

European Metals states that the potential cost savings mentioned in the announcement of 8 July are preliminary and that no detailed studies to update the financial forecasts under ASX Rule 5.17 have yet been conducted. The results of the final feasibility study completed in December 2025 remain valid. If the company opts for the tunnel kiln option and a flow-sheet optimisation of the lithium chemicals plant, it intends to supplement the DFS by the end of 2026 and to inform the market about implementations and any possible updates. » More on de.investing.com

European Metals is seeking shareholder approval for the issue of 3,600,000 performance rights to directors Keith Coughlan and Richard Pavlik. The resolution will be voted on at the annual general meeting on 29 May 2026. The company has already lodged the application with the ASX and will inform shareholders of the outcome after the meeting. European Metals is listed on the ASX, on AIM in London and on the OTCQX in the US. » More on de.investing.com

European Metals has completed the definitive feasibility study (DFS) for the Cinovec lithium project and forecasts an annual production of 37,500 tonnes of battery-grade lithium carbonate. The DFS shows a pre-tax NPV8 of USD 1.455 billion and an IRR of 14.8% over the first 23 years. The project received potential government support of up to EUR 360 million, met conditions for EUR 33 million from the Just Transition Fund, and has submitted the environmental impact assessment; a private placement raised around AUD 3.46 million. Cinovec has a mineral resource of 742.12 million tonnes (7.45 million tonnes LCE) and could supply about 5.2% of the EU's lithium demand in 2030. » More on de.investing.com