AIM/RNS/ ANN

Wed, 16th Jan 2019 11:07RNS Number : 2760NEuropean Metals Holdings Limited16 January 2019For immediate release16 January 2019EUROPEAN METALS HOLDINGS LIMITEDRECEIPT OF UNSOLICITED INDICATIVE OFFER FROMKRUPA GLOBAL INVESTMENTS (KGI) FOR THE CINOVEC PROJECTThe Board of European Metals Holdings Limited ("European Metals" or "the Company") confirms that it received on 15 January 2019 a letter from Krupa Global Investments (KGI) purporting to make an indicative offer on behalf of the Ceske Litihium company (a member of the KGI Group) to "purchase the lithium mining and processing project at Cinovec".The purported inidcative offer letter however does not contain any detail with regards to price, terms or conditions. In light of the absence of this information European Metals does not consider this to be an offer to which it can give consideration at this time.European Metals is making this announcement as it has become aware that KGI has released its letter to the Czech Press. European Metals has had no discussion with KGI on this matter.