For International

Australian mining company European Metals Holdings Ltd. signed a memorandum of understanding with the Czech Ministry of Industry and Trade on Lithium mining

Minister of Industry and Trade of the Czech Republic Mr Jiri Havlicek on 2 October 2017 signed with Australian mining company European Metals Holdings Ltd. a Memorandum of Understanding on cooperation in Lithuanian mining and processing in the Czech Republic. The signing ceremony took place in the capital of the region where the deposit of lithium is located - Usti nad Labem in the presence of the Senior Trade Commissioner Anthony Weymouth, Deputy Governor of Usti Region and member of the Parliament of the Czech Republic Mr. Jaroslav Foldyna as well as other guests.

The Memorandum expresses mutual will of both parties to process in the future the lithium obtained from the Czech deposit and process to the maximum possible final form on the Czech territory. "We fully respect the reconnaissance licenses granted by the Ministry of Environment, but our main objective is that lithium is not only obtained but mainly processed and finalized within the Czech Republic. That is why we have begun talks with our legitimate license holders about our request in advance. I am very happy that European Metals respect our position", said Minister of Industry and Trade Jiří Havlíček. The Memorandum also provides a framework for the promotion of cooperation in the field of science and research in the field of the most comprehensive processing of the ores obtained and in other areas of research concerning, for example, further use of lithium or other contained metals. Lithium is considered raw material of strategic importance by the Czech government and as such it has been in the centre of attention of political leadership as well as of general public in the Czech Republic.

Signing of the MOU is a major milestone for European Metals Holdings Ltd. on the path to obtaining further necessary approvals prior to the actual start of mining activities. European Metals Holdings Ltd. own rights to explore vast deposits of Lithium (approximately 3% of global deposits of the ore). European Metals Holdings Ltd. have been utilising Australian capabilities in the exploration stage of the project with Widenbar calculating the volume of the deposits, Lepidico involved in technological tests and Ausenco, Hatch involved in the feasibility study development.

On the photo from left: Keith Cughlan, General Manager, European Metals Holding Ltd and Minister of Industry and Trade of the Czech Republic Mr Jiri Havlicek.

Lithium 3

Lithium 1