Australia's European Metals rises as flagship lithium project gets mining approval
10/02/2026 05:02
** Shares of Australia's European Metals EMH.AX rise as much as 11.8% to A$0.335, their biggest intraday pct gain since January 12 ** The mineral explorer says it has received a regional rezoning approval for its flagship Cinovec lithium project ** The rezoning approval refers to official permission from the regional or local government to change how a specific piece of land is legally allowed to be used ** The approval allows the land to be used for mining, but the project still requires additional permits before operations can begin ** Co's Cinovec lithium project hosts significant hard rock lithium deposit in Czech Republic ** Stock down 12.5% YTD, including session's moves (Reporting by Aamir Sheik Khalid in Bengaluru) ((Aamir.SheikKhalid@thomsonreuters.com))