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European Energy Metals Corp. (EUEMF) is a junior mining company focusing on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. The company recently acquired a 100% interest in the lithium Finnish Pegmatite Project from Capella Minerals Ltd. The Project covers approximately 2,500 km2 with multiple lithium-bearing spodumene pegmatite mineralization occurrences. European Energy Metals is dedicated to exploring and unlocking the lithium potential in the region. With an estimated €600 million investment from Sibanye-Stillwater Limited and the Finnish Minerals Group underway, the company is positioning itself within the hard-rock spodumene pegmatite lithium supply chain.
Recently, the company announced the commencement of gold exploration in Northern Finland and the appointment of Joel Leonard as the Chief Financial Officer and Corporate Secretary. With a strong focus on environmentally friendly and energy independent laws, European Energy Metals aims to contribute to the sustainable development of the mining industry in Europe.
European Energy Metals (TSXV: FIN) has released an independent technical report for its Central Finland Lithium Project. The report, titled 'Technical Report on the Central Finland Lithium Project, Central Ostrobothnia, Finland,' is dated May 2, 2024, and details historical and recent mineral exploration efforts. It also provides recommendations for future exploration and evaluation. David Murray, P.Geo., President and Principal Consultant of Resourceful Geoscience Solutions , prepared the report in accordance with National Instrument 43-101 standards. The report is available on the company's website and SEDAR+.
European Energy Metals will participate in the 2024 CG Global Metals & Mining Conference in Palm Desert, California, from May 7th to 9th. The company invites shareholders and investors for 1 on 1 meetings to discuss opportunities. CEO Jeremy Poirier emphasizes the importance of investor outreach as the company enters an active exploration season in Finland.
European Energy Metals has announced the granting of 1,150,000 stock options to its directors and officers, with each option exercisable to acquire one common share at an exercise price of $0.36 for five years. The options have a one-year vesting period, with 25% vesting on July 30, 2024, and the remainder vesting every three months thereafter.
European Energy Metals (TSXV: FIN) has completed the acquisition of the Finnish Pegmatite Project from Capella Minerals by paying $250,000 in cash and issuing 1,100,000 common shares. Capella received a 2% net smelter royalty, with the option for the Company to repurchase half for 1,000,000 Euro. The CEO stated plans for upcoming exploration programs.
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