("Cadence Minerals", "Cadence" or "the Company")
European Metals (AIM: EMH) Partnership Agreement With European Body.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note the update today from European Metals Holdings Limited ("European Metals" "EMH" or "the Company") that a "Value Added Services Agreement" with KIC InnoEnergy SE ("EIT InnoEnergy"), the principal facilitator and organiser of the
The Project, a joint venture between European Metals and CEZ, has been recently funded to the amount of approximately
o Sourcing construction finance;
o Securing grant funding; and
o Assisting in offtake introductions and negotiations.
EIT InnoEnergy leads the the
Last week the EU approved the Green Stimulus Plan, agreeing to invest more than
Based on Cinovec's economics, long mine life and proximity to the key manufacturing centers in
Cadence holds approximately 16% percent of the equity in European Metals, which, through its wholly owned Subsidiary, Geomet s.r.o. ("Geomet"), controls the mineral exploration licenses awarded by the Czech State over Cinovec.
The full release can be found at: https://www.londonstockexchange.com/news-article/tidm/headline/14630644
European Metals Managing Director
"Cinovec is the largest hard rock lithium resource in
"We see Cinovec as critical to the development of
- Ends -
For further information:
|
+44 (0) 207 440 0647 |
|
|
|
|
|
|
|
+44 (0) 207 220 1666 |
|
|
|
|
|
|
|
+44 (0) 207 399 9400 |
|
|
Qualified Person
Forward-Looking Statements:
Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.
This information is provided by RNS, the news service of the