22
January 2025
Europa Metals
Ltd
("Europa
Metals", the "Company" or the "Group") (AIM, AltX: EUZ)
Viridian Metals Transaction
Update
Europa Metals, ("Europa" or the "Company"), is pleased to
provide a further update on the proposed transaction with
Viridian Metals Ireland Limited, ("Viridian"), and its 100% owned
Tynagh brownfield Pb/Zn/Cu/Ag project in the Republic of
Ireland.
As announced on 17 September 2024,
the Company entered into a conditional term
sheet regarding the proposed acquisition of Viridian ("Term Sheet")
("Proposed Transaction"). The Term Sheet is
binding as to a mutual 150 day period of exclusivity, with the
parties continuing to work through the conditions precedent to the
Proposed Transaction as well as the Company seeking additional near
term funding for work on the Proposed Transaction. Due to the
festive period, ongoing discussions with a range of parties in
relation to funding the Proposed Transaction and development of the
Tynagh project have been impacted. Discussions to date remain
confidential and incomplete.
Shareholders are reminded that,
given that the Company is currently unable to provide full
disclosure under the AIM Rules, the Company's listing in its
ordinary shares on AIM and trading from the London Stock Exchange
("LSE") is currently suspended pending publication of the Admission
Document or an announcement that the Proposed Transaction is not
proceeding. The Company's shares are not currently suspended on the
JSE Limited ("JSE"). Shareholders on the JSE are advised to
continue to exercise caution when dealing in the Company's shares
until full disclosure regarding the Proposed Transaction is
made.
The Company will provide further
updates as the Proposed Transaction progresses.
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 LSE. 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.