BUZZ-Australia's European Metals rises as flagship lithium project gets mining approval

Reuters
8 hours ago
BUZZ-Australia's European Metals rises as flagship lithium project gets mining approval

** Shares of Australia's European Metals EMH.AX rise as much as 11.8% to A$0.335, their biggest intraday pct gain since January 12

** The mineral explorer says it has received a regional rezoning approval for its flagship Cinovec lithium project

** The rezoning approval refers to official permission from the regional or local government to change how a specific piece of land is legally allowed to be used

** The approval allows the land to be used for mining, but the project still requires additional permits before operations can begin

** Co's Cinovec lithium project hosts significant hard rock lithium deposit in Czech Republic

** Stock down 12.5% YTD, including session's moves

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10