European Metals Holdings Limited (ASX & AIM: EMH, FSE: E861.F) (“European Metals” or the “Company”) is pleased to announce that due to increasing interest in its Cinovec project, the largest hard rock lithium deposit in Europe, the Company will pursue an US-based OTCQX (over-the-counter) listing and has commenced trading on the OTC Pink Market under the code PKC:EMHLF.
· European Metals to pursue a listing on the US-based OTCQX market
· Company has commenced trading on the OTC Pink Market under the code PKC: EMHLF
· Provides ready access to US capital markets following increasing interest in the Cinovec lithium project
· Cinovec project is the largest hard rock lithium resource in Europe and is strategically located in close proximity to end user car makers and companies involved in energy storage
The entry to the US-based OTC markets – and in particular the actively-traded OTCQX market – increases the ease with which North American investors can purchase European Metals securities.
The ASX will continue to be the Company’s primary listing, with investors able to purchase shares through the OTCQX, OTC Pink, UK-based AIM market and Germany’s Frankfurt Börse.
As announced in July, the Company is in discussions with the Czech Republic’s primary market, the Prague Stock Exchange (PSE), with regards to a listing of the Company’s securities. These discussions continue and the Company hopes to be able to update shareholders in the very near future. Commenting on the Pink Market listing and upcoming OTCQX application, European Metals Executive Chairman Keith Coughlan said:
“The expansion into additional marketplaces is due to long-standing and growing support for the Company in various international locations.
“The US market in particular has demonstrated a keen awareness of the Cinovec project, which is a near-term development asset with the largest hard rock lithium deposit in Europe that is also proximate to a number of battery manufacturers and end-users such as automobile companies.
“As the home of major battery-focused companies such as Tesla, North American investors are uniquely placed to understand the importance of lithium for future technologies.”
OTC markets offer a cost-effective method to access US investment, providing a nexus to the largest capital markets globally.
OTCQX companies are not required to report to the Securities and Exchange Commission, and can avoid costly compliance processes by submitting their home country disclosure in English.
European Metals confirms the listing is non-dilutive, as no additional capital is required to be raised and no new shares will be issued on the OTC markets.
This announcement is approved by the Board.
European Metals Holdings Limited
Keith Coughlan, Executive Chairman
Tel: +61 (0) 419 996 333