05:25:03 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



European Energy Metals Corp
Symbol FIN
Shares Issued 36,516,816
Close 2024-04-30 C$ 0.22
Market Cap C$ 8,033,700
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European Energy grants options to acquire 1.15M shares

2024-05-01 19:32 ET - News Release

Mr. Jeremy Poirier reports

EUROPEAN ENERGY METALS ANNOUNCES STOCK OPTION GRANTS

European Energy Metals Corp. has granted an aggregate of 1.15 million stock options to its directors and officers.

Each option is exercisable to acquire one common share at an exercise price of 36 cents for five years. The options are subject to a one-year vesting period, with 25 per cent of the options vesting on July 30, 2024, and 25 per cent vesting every three months thereafter.

About European Energy Metals Corp.

European Energy Metals is a junior mining company primarily focused on the lithium-cesium-tantalum (LCT) Finnish pegmatite project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy-independent laws and policies. One of the key components is access to REE (rare earth elements) and, specifically, lithium. The company's concessions are located within 15 kilometres of the Keliber mine and production complex, currently under construction and expected to begin production in the second half of 2025. The company cautions the presence of lithium mineralization on Keliber's properties is not necessarily indicative of similar mineralization on the company's mineral reservations.

An estimated 600-million-euro investment by Keliber's parent company Sibanye-Stillwater Ltd. in partnership with the Finnish Minerals Group is under way in the Kautinen region and will see the development of open-pit and underground mining from several deposits as well as construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply chain (source: Sibanye-Stillwater's website).

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