European Metals results for the year to 2020 show Cinovec fully funded to a final investment decision
European Metals Holdings PLC (LON:EMH) generated revenue of just over US$180,000 in the year to 30 June 2020.
The company turned in a loss of US$4.6mln and closed out the year with US$58,000 in cash.
During the year the company completed an agreement in regard to its Czech lithium asset with CEZ, a Czech power utility, under the terms of which CEZ became a 51% owner, and injected €29mln into the local holding company.
This agreement provides all necessary funding to move the project to final investment decision, and provides strong Read More – Source