London-listed European Metal Holdings (EMH) on Friday reached final agreement with integrated energy utility CEZ Group around a partnership and investment into the Cinovec lithium/tin project, in Czech Republic.
CEZ in November agreed to become a 51% shareholder in EMH’s Czech subsidiary Geomet. The entities have now agreed on a final price of €29-million.
The only outstanding condition to the deal is EMH’s shareholder approval, which will be sought at a general meeting in April.