13
November 2024
Europa Metals
Ltd
("Europa
Metals", the "Company" or the "Group") (AIM, AltX: EUZ)
Completion of Disposal of
Toral Project
Europa Metals, is pleased to
announce that it has now completed its previously announced
disposal of 100% of the issued and outstanding shares of Europa
Metals Iberia S.L. ("EMI"), the Spanish subsidiary holding the
Toral Zn-Pb-Ag Project (the "Toral Project") in the Leon Province,
Northern Spain to Denarius Metals Corp. (Cboe CA: DMET) (OTCQX:
DNRSF) ("Denarius Metals")
In accordance with the agreement
with Denarius Metals as announced on 17 September 2024, Europa
Metals has now been issued 7,000,000 common shares in Denarius
Metals which are subject to a hold period ending on March 13, 2025.
The former Option and Loan Agreements dated November 22, 2022
between Europa Metals and the Denarius Metals were terminated on
closing of the Transaction.
As advised following completion of
the disposal, the Company is now an 'AIM Rule 15 cash shell' and,
as such, the Company shall have six months to make an acquisition
or acquisitions which constitute a reverse takeover under AIM Rule
14 after which the shares would be suspended.
Europa Metals is continuing to work
on the transaction previously announced with Viridian Metals and
its Tynagh re-cycling and reclamation project in the Republic of
Ireland.
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
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.