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Europa Metals Ltd's shares were suspended from trading on the AIM market of the London Stock Exchange from 7:30 am (UK time) on 14 May 2025, under AIM Rule 15. The Company's Board, having reviewed opportunities over the last six months, did not identify a suitable opportunity to raise funds for a reverse takeover and working capital, and has resolved to proceed with the return of assets to shareholders.
| Date | 14 May 2025 |
| Time | 07:00:01 |
| Category | Miscellaneous |
| ID | 3218I |
14 May 2025
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)
Suspension of trading on AIM
Europa Metals, ("Europa" or the "Company"), advises that with effect from 7:30 am (UK time) today, 14 May 2025, the Company's shares will be suspended from trading on the AIM market of the London Stock Exchange, under AIM Rule 15. The Company's shares are not currently suspended on the JSE, pending further engagement with the JSE.
Over the course of the last six months, the Board has reviewed a range of opportunities for the Company to deliver the best possible outcome for all shareholders. Europa has assessed several assets that have met with management's criteria of:
· JORC / NI-43-101 compliant resource
· Stable jurisdiction
· Commodity with no barriers to entry
· Near term production/in production
Unfortunately, despite reviewing several promising projects during this time, the Company has not been able to identify a suitable opportunity with which it could have confidence on raising the required funds for both the reverse takeover itself and working capital going forward.
Given the above, the Europa Board has resolved to proceed with the return of the assets of the Company to its shareholders. The Company is currently receiving taxation advice regarding the most efficient and expedient route for this to happen and will update the market in due course.
For further information on the Company, please visit www.europametals.com or contact:
Europa Metals Ltd
Dan Smith, Non-Executive Director and Company Secretary (Australia)
T: +61 8 9486 4036
Myles Campion, Executive Chairman and acting CEO (UK)
Beaumont Cornish (Nominated Adviser/Broker)
James Biddle/Roland Cornish
T: +44 (0) 20 7628 3396
Questco Corporate Advisory Proprietary Limited (JSE Sponsor)
Danielle Christodoulou
T: +27 63 482 3802
Europa Metals Ltd is a company incorporated in Australia and limited by shares which are publicly traded on the AIM market of the London Stock Exchange (primary listing) and the AltX of the Johannesburg Stock Exchange (secondary listing).
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended.
Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.