Australia's European Metals soars on grant approval for Cinovec lithium project
27/11/2025 23:45
** Shares of European Metals EMH.AX more than double in value to A$0.55, their highest level since December 15, 2023 ** Mineral explorer receivesapproval for up to 360 million euros ($417.56 million) Czech government grant for its flagship Cinovec lithium project ** Grant represents one of the largest direct project-level funding commitments to a critical raw materials project within the European Union, says co's executive chairman, Keith Coughlan ** About 2.4 million shares change hands, 17.8x the 30-day average ** YTD, stock up 172.7%, including the day's move ($1 = 0.8621 euros) (Reporting by Sherin Sunny in Bengaluru) ((Sherin.Sunny@thomsonreuters.com))