European Electric Metals Engages Nordmin Group of Companies
488-1090 West Georgia St. www.europeanelectricmetals.com
Vancouver B.C. Canada V6E3V7 info @europeanelectricmetals.com
Tel: 604-687-7130 TSX-V: EVX
November 21, 2018
NEWS RELEASE
European Electric Metals Engages Nordmin Group of Companies
European Electric Metals Inc. (TSX-V: EVX) (“EVX” or “Company”) is pleased to announce that it has
engaged the services of the Nordmin Group of Companies (“Nordmin”) to undertake a site inspection and to
comment on the apparent condition of the surface and underground infrastructure and equipment of Skroska
mine in Albania. The Company expects the technical team of Nordmin to be on site in December 2018.
The Nordmin Group of Companies is a 100% North American owned and operated provider of
comprehensive EPC and EPCM solutions worldwide to industrial sectors spanning resource and project
definition through construction and site closure. They provide a diverse portfolio of sustained services in
engineering, procurement, contract management, and construction execution for a complete and co-ordinated
deliverable. The group includes Nordmin Engineering, Nordmin Constructors and Nordmin Operators, and
is based in Thunder Bay, Ontario with offices in Sudbury, Ontario, Kamloops, British Columbia and Salt
Lake City, Utah.
The site inspection will allow Nordmin to comment on whether the existing underground workings and mine
equipment appear to be able to be used if the operations at the Skroska mine are restarted at present capacity
of approximately 200 tonnes per day (“tpd”) or what would be required to support increased production if its
capacity is expanded to a certain level or levels.
The Skroska Mine
The Skroska deposit had a historic resource of 22.4 million tonnes of laterite grading 0.99% Ni, 49.13% Fe
(not 50% Fe as earlier reported) and 0.065% Co. The resource is historic in nature (see note below). The
laterite deposit is estimated to range from 2 meters to 10 meters in thickness and to average approximately 6
meters thick. It occurs between the ultramafic rocks (serpentinized) below and limestone on top or as a
capping. The limestone is a competent rock which makes it an excellent candidate for use as a natural roof
for the open stope underground mining method employed in the mine historically and proposed for the
future. Records indicate that approximately 1.15 million tonnes of laterite ore was mined between 1985-1990
(by the state-owned mining enterprise) and between 2008-2013 (by a local private company). The Company
is acquiring the Skroska mine from the local company as reported previously (see EVX news release dated
October 11, 2018).
Based on the visits completed by EVX staff up to its recent sampling program, the mine openings (haulage,
development and production areas) were observed to be accessible and free of major blockages. Electrical
power supply to the underground areas was available while major mine equipment both inside the
underground works and on the surface were observed to appear to be in good condition and are reported to
appear to be operational.
Note: The tonnage and grade estimates stated above are historic in nature and were obtained from the records
at the Albanian Geological Survey. The estimates done, using Russian Style Polygon method, are roughly
equivalent to the National Instrument 43-101 inferred category. No qualified person (within the meaning of
NI 43-101) has done sufficient work to classify the historical estimates as current mineral resources. EVX
considers the historical estimates relevant in guiding exploration efforts and planning although EVX is not
treating the historical estimates as current mineral resources. EVX will need to undertake a comprehensive
review of available data, and to complete further drilling, to verify the historic estimates and to be able to
classify them as current resources. There is no assurance that such verification or classification can or will
be completed.
Cobalt and Nickel in Skroska
Skroska was mined in the past for nickel and iron. Cobalt (“Co”) grade was estimated to be very low
(0.065% Co) and was not historically recovered with the nickel-iron products. However, in recent sampling
by EVX, the cobalt grade in such samples was higher, being up to 0.54% Co with higher nickel (“Ni”) grades
of up to 1.92% Ni (see Company news release dated October 11, 2018). EVX aims to be able to recover
cobalt and nickel and take advantage of the primary roles these metals have in the electric vehicle revolution.
Jose Mario Castelo Branco, EuroGeol, a Qualified Person within the meaning of Canadian National
Instrument 43-101 and Chief Geologist of the Company, is responsible for the technical content of this news
release.
About European Electric Metals Inc.
European Electric Metals Inc. is a Canadian listed public company, with a focus on electrification themed
projects in Europe. A major shareholder of EVX is the European Bank for Reconstruction and Development.
The goal of EVX is to become a major source of battery metals such as copper, nickel and cobalt, and the
Company seeks to do so within safe, stable and logistically attractive European jurisdictions. The Company's
projects are ideally located with excellent road, port and grid power availability, and near European countries
that are poised to experience significant growth in the electric-vehicle-manufacturing industry. There is a
strong battery-manufacturing industry within Europe with many more projects in the pipeline.
On behalf of the Company,
Fred Tejada, Chief Executive Officer and Director
Forward-Looking Statements. This news release contains “forward-looking” statements and information
relating to the Company and Skroska are based on the beliefs of Company management, as well as
assumptions made by and information currently available to Company management. Such statements reflect
the current risks, uncertainties and assumptions related to certain factors including but not limited to, without
limitations, estimated mineral grades, estimated mining rates, exploration and development risks,
expenditure and financing requirements, general economic conditions, changes in financial markets, the
ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and
funding for continued operations, title matters, community relations, operating hazards, political and
economic factors, competitive factors, metal prices, relationships with vendors, governmental regulations
and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time
events. Should any one or more risks or uncertainties materialize or change, or should any underlying
assumptions prove incorrect, actual results and forward-looking statements may vary materially from those
described herein. The Company does not undertake to update forward-looking statements or forward-looking
information, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
488-1090 West Georgia St.
Vancouver BC, Canada V6E3V7
Tel: 604-687-7130
www.europeanelectricmetals.com