Keith Coughlan, MD of European Metals Holdings #EMH

Keith Coughlan spoke with Share Talk about the companies latest RNS news update http://www.investegate.co.uk/european-metals-hldg--emh-/rns/emh-raises--3m-from-largest-shareholder/201610030700064556L/

EMH raises $3M from Largest Shareholder, European Metals Holdings Limited ("European Metals" or "the Company") is pleased to announce that it has today conditionally raised A$2.6 million from its largest shareholder, Rare Earth Minerals Plc ("REM").

Rare Earth Minerals is a London listed investment company focused on creating a diverse portfolio of direct and indirect interests in Lithium and Rare Earth Element deposits. REM has been the largest shareholder of European Metals since July 2015, and has steadily increased its shareholding via placements and on market purchases. REM's current market capitalisation is approximately £ 55 million.

As REM is currently a 16.4% per cent shareholder in the Company.

European Metals Managing Director, Keith Coughlan commented on the capital raising :

"It is very pleasing to have Rare Earth Minerals' ongoing support from both financial and technical perspectives. Having strong major shareholders with aligned vision of Cinovec's potential enables us to keep our issued capital under check. It has also allowed European Metals to assert itself strategically within the lithium industry. We look forward to the future growth this will bring. This funding ensures that the Company will remain in a strong financial position beyond the PFS."