29th Sep 2026 15:19
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain
29 September 2026
European Metals Holdings Limited
Geomet Cash Call
European Metals Holdings Limited (ASX & AIM: EMH) (“European Metals” or the “Company”) advises that it has received a cash call from project company GEOMET s.r.o. (Geomet). The total cash call is for EUR 13m with the Company’s share being EUR 6.37M.
The Company has entered into an agreement with its joint venture partner CEZ whereby its subsidiary Severočeské doly a.s. (SD) will contribute the total call in return for the issue of two additional shares in Geomet to SD. Share 6 representing 51% of 13M (EUR6.63M) and 6.65% of the value of Geomet (post cash injection) and Share 7 representing 49% of 13M, being EMH’s share of the cash call (EUR 6.37M) representing 6.38% of the value of Geomet (post cash injection). Under the agreement, European Metals has an option to purchase Share 7 from SD for EUR 6,448,325 on or before 13 November 2026.
Accordingly, the Company’s interest in Geomet will be reduced by 6.38 percentage points to 42.62%. If the Company exercises its option by the due date, it will return to its current interest of 49% of Geomet.
It is the Company’s intention to exercise the option and maintain its level of ownership in Geomet and is in discussions with third parties to finance the exercise price of the option in a manner to be determined.
Keith Coughlan, Executive Chairman, commented: “We are grateful to our joint venture partner CEZ for covering this cash call to ensure that Geomet’s operations continue at a rapid pace towards a final investment decision.”
ENDS
This announcement has been approved for release by the Board.
CONTACT
For further information on this update or the Company generally, please visit our website at www.europeanmet.com.
ENQUIRIES:
European Metals Holdings Limited Keith Coughlan, Executive Chairman
Kiran Morzaria, Non-Executive Director
Carly Terzanidis, Company Secretary
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Tel: +61 (0) 419 996 333 Email: [email protected]
Tel: +44 (0) 20 7440 0647
Tel: +61 8 6245 2050 Email: [email protected]
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Zeus Capital Limited (Nomad & Broker) James Joyce/Darshan Patel/Jacob Walker (Investment Banking) Harry Ansell (Broking)
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Tel: +44 (0) 203 829 5000
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BlytheRay (Financial PR) Tim Blythe Megan Ray
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Tel: +44 (0) 20 7138 3222
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Chapter 1 Advisors (Financial PR - Aus) David Tasker |
Tel: +61 (0) 433 112 936 |
Related Shares:
European Metals Holdings