Europa Metals Limited ( (GB:EUZ) ) has issued an announcement.
Europa Metals Ltd reported a net profit of $4.83 million for the half-year ended 31 December 2024, a significant turnaround from a net loss of $248,761 in the previous year. This financial improvement follows the company’s disposal of its Spanish subsidiary, Europa Metals Iberia S.L., to Denarius Metals Corp., which resulted in the issuance of 7 million shares in Denarius Metals. As a result of this transaction, Europa Metals is now classified as an ‘AIM Rule 15 cash shell’ and must complete a reverse takeover within six months to avoid suspension of its AIM securities. The company also decided not to proceed with the acquisition of Viridian Metals Ireland Limited, indicating a strategic shift in its operations.
More about Europa Metals Limited
Europa Metals Ltd is a mineral exploration company incorporated in Australia and publicly traded on the AIM market of the London Stock Exchange and the AltX of the Johannesburg Stock Exchange. The company was previously involved in the Toral Lead-Zinc-Silver Project in Spain but has since disposed of its interest in the project.
YTD Price Performance: -45.00%
Average Trading Volume: 131,477
Technical Sentiment Signal: Buy
Current Market Cap: £1.07M
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