European Metals gets listing on Nasdaq International OTC program

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European Metals Holdings Limited (LON:EMH) has started trading on the NASDAQ International OTC program.


The lithium group said the listing will boost its exposure to major US investors and adds to listings in Australia, on AIM and ASX and other European exchanges.


EMH added,that talks are ongoing about a quote on the Prague Stock Exchange to increase local interest in the Cinovec lithium project, which is 100 km north-west of Prague on the Czech Republic border with Germany.


Cinovec is the largest hard rock lithium resource in Europe.


In a statement, EMH said that the acceptance to the NASDAQ International Program will accelerate the company’s exposure to US shareholders, following its recent commencement of trading on the OTC Pink market.


“NASDAQ International increases the visibility of all member companies (which includes other ASX companies such as Qantas and Macquarie Group) and EMH anticipates that the membership will help EMH grow its global brand, increase liquidity and shape its message to the US investment community.”


The ASX and AIM will continue to be the company’s primary listings, with investors also able to purchase shares through OTC:NASDAQ International and Germany’s Frankfurt Borse.


Keith Coughlan, EMH executive chairman, added: “Following exposure for the company on the OTC Pink market, we have revised our previous strategy and refocused on the NASDAQ International.


“The increasing international exposure of the company is very pleasing and the US market in particular has demonstrated a keen awareness of the Cinovec project.


“Cinovec is a near-term development asset with the largest hard rock lithium resource in Europe that is also proximate to a number of battery manufacturers and end-users such as automobile companies.”

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