European Bank for Reconstruction and Development (EBRD) Strategic Investment: On July 21, 2023, European Metals Holdings Limited announced a strategic investment agreement with the European Bank for Reconstruction and Development (EBRD). EBRD has agreed to invest €6 million to support the development of the Cinovec Project in the Czech Republic.
As part of the due diligence process, EBRD engaged an independent, international mining consultancy to undertake a technical review of the Cinovec Project. EBRD also performed a review of the Cinovec Project in respect to compliance with EBRD’s Environmental and Social Policy.
Keith Coughlan, Executive Chairman, said: "The Company welcomes EBRD’s strategic investment, which is a strong endorsement of the Cinovec Project’s value and its commitment to the highest environmental and social standards. The EBRD investment aims to fund the project’s predevelopment work and opens a pathway to potentially securing project financing. The
