Business
Why is the European Metals (ASX:EMH) share price 12% higher today? // The Motley Fool Australia
The European Metals Holdings Ltd CHESS (ASX: EMH) share price is currently trading at $1.30, up more than 12% so far today. European Metals shares went through the roof following the company’s announcement regarding a private placement worth $7.1 million (before costs).
European Metals is an Australian and UK-listed mineral exploration and development business. The company is actively pursuing its Cinovec Lithium Project.
The Cinovec Project is located in the Krusne Hore Mountains which divide the Czech Republic from Germany. According to European Metals, mining in this historic region dates back to the 1300s.
The company is presently endeavouring to become one of the lowest carbon footprint producers of battery grade lithium…
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