European Metals Holdings Limited (ASX & AIM: EMH, FSE: E861.F) ('European Metals' or the 'Company') is pleased to announce the appointment of SMS group Process Technologies GmbH ('SMS group') as the lead engineer for the minerals processing and lithium battery-grade chemicals production at the Cinovec Project (the 'Agreement').

The Cinovec Project, a joint venture between European Metals and EZ Group through its subsidiary Severoeske doly , has recently received investment in the amount of EUR 29m, funding the Project through to the construction decision.

Under the Agreement, SMS group will provide a complete Front-End Engineering Design ('FEED') study as the major component of the ongoing Definitive Feasibility Study ('DFS') work at Cinovec.

Headquartered in Dusseldorf, the German family-owned SMS group is one of the world's leading companies in plant construction and mechanical engineering for the technology metals and materials sector. Employing more than 14,000 people globally and with a presence in more than 50 countries, SMS group earned global revenues of EUR2.9bn in the year ended 31 December 2019. SMS group is also a world leader in electrical and automation systems including digital solutions for self-learning processing plants to continously optimise plant performance, product quality and energy consumption. Being in business for more than 150 years, SMS group has a rich track record in the successful development and delivery of complex large-scale integrated plants.

ABOUT SMS GROUP

SMS group is a group of companies internationally active in plant construction and mechanical engineering for the steel and non-ferrous metals industries. It has some 14,000 employees who generate world-wide annual sales of more than EUR 2.9 billion. The sole owner of the holding company SMS GmbH is the Familie Weiss Foundation.

SMS group covers a wide range of products and services for new plant and equipment, revamps and upgrades and turnkey projects along the whole process chain. Its technology portfolio covers plants for the steel, aluminum, non-ferrous, battery metals and technology metals industries, as well as for logistics and recycling, founded on strong capabilities in process and project development (PFS, DFS, FEED), engineering, project management, EPC and integrated plants supply, service and maintenance, electrics and automation as well as in advanced digital solutions, energy management and financial services.

SMS group is represented at over 50 locations worldwide. In addition to its plants in Germany, the group also has a wide-ranging and continually expanding network of international service and manufacturing locations in close proximity to all its customers.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'continue', and 'guidance', or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the company's business and operations in the future. The company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the company or management or beyond the company's control.

Although the company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

Contact:

Julia Beckett

Tel: +61 (0) 419 996 333

Email: keith@europeanmet.com

The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release. The person who authorised for the release of this announcement on behalf of the Company was Keith Coughlan, Executive Chairman.

(C) 2020 Electronic News Publishing, source ENP Newswire