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European Metals advances cheaper Cinovec kiln plan despite funding squeeze
7:51pm on Friday 30th of October, 2026 AEDT
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Mining
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European Metals advances cheaper Cinovec kiln plan despite funding squeeze
7:51pm on Friday 30th of October, 2026 AEDT
Key Points
Potential US$112 million capital cost reduction from a single tunnel kiln
US$10 million estimated annual operating cost saving from kiln change
EUR6.448 million option exercise required by 13 November 2026
A$486,000 cash balance and 0.7 quarters of stated funding
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