REG - Europa Metals Ltd - Suspension of trading on AIM

Europa MetalsAnnouncement

14/05/2025 07:00

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RNS Number : 3218I  Europa Metals Ltd  14 May 2025

14 May 2025

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

Suspension of trading on AIM

Europa Metals, ("Europa" or the "Company"), advises that with effect from 7:30
am (UK time) today, 14 May 2025, the Company's shares will be suspended from
trading on the AIM market of the London Stock Exchange, under AIM Rule 15. The
Company's shares are not currently suspended on the JSE, pending further
engagement with the JSE.

 

Over the course of the last six months, the Board has reviewed a range of
opportunities for the Company to deliver the best possible outcome for all
shareholders. Europa has assessed several assets that have met with
management's criteria of:

 

·    JORC / NI-43-101 compliant resource

·    Stable jurisdiction

·    Commodity with no barriers to entry

·    Near term production/in production

 

Unfortunately, despite reviewing several promising projects during this time,
the Company has not been able to identify a suitable opportunity with which it
could have confidence on raising the required funds for both the reverse
takeover itself and working capital going forward.

 

Given the above, the Europa Board has resolved to proceed with the return of
the assets of the Company to its shareholders. The Company is currently
receiving taxation advice regarding the most efficient and expedient route for
this to happen and will update the market in due course.

For further information on the Company, please visit www.europametals.com or
contact:

 

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: +61 8 9486 4036

E: dsmith@europametals.com

Myles Campion, Executive Chairman and acting CEO (UK)

E: mcampion@europametals.com

 

Beaumont Cornish (Nominated Adviser/Broker)

James Biddle/Roland Cornish

T: +44 (0) 20 7628 3396

 

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Danielle Christodoulou

T: +27 63 482 3802

 

 

Europa Metals Ltd is a company incorporated in Australia and limited by shares
which are publicly traded on the AIM market of the London Stock Exchange
(primary listing) and the AltX of the Johannesburg Stock Exchange (secondary
listing).

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to
the European Union (Withdrawal) Act 2018, as amended.

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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