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European Energy appoints Basha as exploration VP

2023-09-19 12:34 ET - News Release

Mr. Jeremy Poirier reports

EUROPEAN ENERGY METALS ANNOUNCES VP OF EXPLORATION APPOINTMENT

European Energy Metals Corp. has appointed Mike Basha as its vice-president of exploration.

Mr. Basha is a professional engineer and geologist with over 35 years experience working for major and junior exploration and mining companies in both North America and South America and, most relevant to the Company, several years in Finland. He has generated and worked on many grassroots to advanced exploration projects for a variety of mineral commodities. He was co-discoverer of the Hammerdown gold deposit in Newfoundland early in his career. As former VP exploration of Cornerstone Resources Ltd., he was instrumental in helping establish them in Ecuador. Cornerstone was recently acquired by Solgold PLC for $120-million. He is also the founder and former CEO and president of Aurion Resources Ltd., with assets in northern Finland. While at Aurion Mr. Basha acquired the core of Aurion's holdings in Finland, primarily through staking, including approximately 80 kilometres (km) along the Sirkka shear zone. This forms the basis of the Aurion-B2Gold joint venture, which hosts the Helmi gold prospect adjacent to Rupert Resources' Ikkari gold deposit. Also under Mr. Basha's direction, Aurion exploration teams made multiple discoveries, including the high-grade Aamurusko, Launi and Notches gold prospects, among others. He also negotiated the acquisition of the Kaareselka project, a current focus of Aurion, and the Silasselka vanadium prospect which was sold to Strategic Minerals. He was also instrumental in bringing B2Gold and Kinross into Finland as joint venture partners and investors.

He previously served as a member of the company's advisory board. Concurrent with his appointment, Mr. Basha has received 100,000 restricted share units (RSUs) and 150,000 stock options priced at 40 cents, which will vest in 12 months accordance with the company's long-term incentive plan.

"We are delighted that Mike has agreed to lead our exploration programs," commented European Energy Metals chief executive officer Jeremy Poirier. "His experience will be invaluable as we move forward with our exploration program in Finland," he continued.

"I'm really looking forward to advancing EEM's extensive land position in Finland, especially the Nabba and Lappajarvi projects, which are strategically located adjacent to Sibanye/Keliber's lithium pegmatite mines and production complex," commented Mr. Basha. "This is an exciting time for lithium exploration and development in Finland as a complete lithium supply chain complex, including spodumene concentrator plant and lithium chemical plant are under construction and EEMs projects are within 11 miles of this infrastructure."

About European Energy Metals Corp.

European Energy Metals is a junior mining company currently focused on the lithium-cesium-tantalum finnish pegmatite project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy independent laws and policies.

We seek Safe Harbor.

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