European Metals Holdings (EMH ) has appointed Deutsche Bank as the depositary bank for its American Depositary Shares (ADS) as part of its plans to increase its presence in the US.  

The dual-listed mineral exploration and development firm will have its ADS shares listed on the OTC Market next month with each ADS representing 20 ordinary shares in the group. 

The company will now begin an extensive marketing campaign to new US investors while, at the same time, continuing to build relationships with U.S. banks, green energy funds and institutional investors and brokers focused on the lithium and "clean-technology" sectors. 

Commenting on the appointment, EMH’s Executive Chairman Keith Coughlan said:  "Launching an ADS program in the United States signals a key milestone as we drive development forward at our Cinovec Project and boost visibility among U.S. investors.” 

Explaining the upcoming campaign, he commented, “We will begin an extensive U.S. marketing campaign with the ADSs and Nasdaq International Designation to enable investors to trade the ADS electronically 'commission free' on most retail trading platforms such as Charles Schwab, E-Trade, TD Ameritrade in U.S. dollars, during U.S. trading hours."  

Shares in European Metals Holdings have increased by over 35% since the beginning of 2021. The stock was trading 2.41% lower this morning at 81p following the news. 

Coughlan informed investors that he has been “very pleased” with the initial feedback from the company’s ongoing US marketing efforts to date. He added that the company’s listing is consistent with its strategy to expand our presence in the biggest capital markets globally. 

The Group said its focus is to attract US and Global green energy funds and institutional investors who recognise the significance of the Cinovec Project (which hosts the largest lithium Resource in Europe) its ESG principles and potentially low carbon footprint.  

The group said Cinovec, which is the largest hard rock lithium deposit in Europe and the fourth largest non-brine deposit in the world, holds a globally significant tin resource. 

In particular, the group stated that the economic viability of Cinovec has been enhanced “by the recent strong increase in demand for lithium globally, and within Europe specifically.” 

“We continue to be highly encouraged by the results of our Definitive Feasibility Study and look forward to updating the market on the project development plan,” added Coughlan. 

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