BUZZ-Australia's European Metals soars on grant approval for Cinovec lithium project

Reuters

2025/11/28

** Shares of European Metals EMH.AX more than double in value to A$0.55, their highest level since December 15, 2023

** Mineral explorer receivesapproval for up to 360 million euros ($417.56 million) Czech government grant for its flagship Cinovec lithium project

** Grant represents one of the largest direct project-level funding commitments to a critical raw materials project within the European Union, says co's executive chairman, Keith Coughlan

** About 2.4 million shares change hands, 17.8x the 30-day average

** YTD, stock up 172.7%, including the day's move

($1 = 0.8621 euros)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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