European Metals Advances Cinovec with Environmental and Cost Optimisation Milestones

• Environmental Impact Assessment public hearing completed with no new issues
• Lithium chemical plant optimisation could cut reagent and power costs by over US$54 million annually
• Tunnel kiln design may reduce capital expenditure by up to US$110 million and operating costs by US$10 million per year
• Company holds $0.75 million cash with no Cinovec-related cash outflows in the quarter