European Energy Metals Announces VP of Exploration Appointment
European Energy Metals Announces VP of
Exploration Appointment
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - European Energy Metals (TSXV:
FIN) (FSE: W28) (OTC Pink: EUEMF) ("
European Energy
" or the "
Company
") is pleased to
announce that it has appointed Mr. Mike Basha as its Vice President of Exploration.
Mr. Basha is a professional engineer and geologist with over 35 years experience working for major and
junior exploration and mining companies in both North and South America,
and most relevant to the
Company, several years in Finland. He has generated and worked on many grassroots to advanced
exploration projects for a variety of mineral commodities. He was co-discoverer of the Hammerdown
gold deposit in Newfoundland early in his career. As former VP Exploration of Cornerstone Resources
Ltd, he was instrumental in helping establish them in Ecuador. Cornerstone was recently acquired by
Solgold Plc for $120 million. He is also the founder and former CEO and President of Aurion Resources
Ltd, with assets in Northern Finland.
While at Aurion Mr. Basha acquired the core of Aurion's holdings in
Finland, primarily through staking, including approximately 80 km along the Sirkka Shear Zone.
This
forms the basis of the Aurion-B2Gold Joint Venture, which hosts the Helmi Gold Prospect adjacent to
Rupert Resources Ikkari Gold deposit. Also under Mr. Basha's direction Aurion exploration teams made
multiple discoveries including the high-grade Aamurusko, Launi and Notches gold prospects among
others. He also negotiated the acquisition of the Kaareselka Project, a current focus of Aurion, and
the
Silasselka Vanadium Prospect which was sold to Strategic Minerals. He was also instrumental in
bringing B2Gold and Kinross into Finland as Joint Venture partners and investors.
He previously served as a member of the Company's Advisory Board. Concurrent with his appointment,
Mr. Basha has received 100,000 restricted share units (RSUs) and 150,000 stock options priced at
0.40, which will vest in 12 months accordance with the Company's long term incentive plan.
"We are delighted that Mike has agreed to lead our exploration programs," commented European
Energy Metals CEO Jeremy Poirier. "His experience will be invaluable as we move forward with our
exploration program in Finland," he continued.
"I'm really looking forward to advancing EEM's extensive land position in Finland, especially the Nabba
and Lappajarvi projects which are strategically located adjacent to Sibanye/Keliber's Lithium Pegmatite
mines and production complex," commented Mike Basha. "This is an exciting time for lithium exploration
and development in Finland as a complete lithium supply chain complex including spodumene
concentrator plant and lithium chemical plant are under construction and EEMs projects are within 11
Miles of this infrastructure."
About European Energy Metals Corp.
European Energy Metals Corp. is a junior mining company currently focussed on the Lithium-Cesium-
Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are
legislating environmentally friendly and energy independent laws and policies. One of the key
components is access to REE and, specifically, lithium. The company's concessions are located within
11 miles of the Keliber under construction which is expected to begin production in H2 2025.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier, CEO
Telephone: 604-722-9842
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities
legislation. Forward-looking information is typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature,
refer to future events. Such statements include, without limitation, statements regarding the future
results of operations, performance and achievements of the Company, including the presence of
lithium mineralization at, and
the
exploration and development potential of, the Finland Pegmatite
Project. Although the Company believes that such statements are reasonable, it can give no
assurances that such expectations will prove to be correct.
All such forward-looking information is
based on certain assumptions and analyses made by the Company in light of their experience and
perception of historical trends, current conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances. This information, however, is
subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking information. Important factors
that could cause actual results to differ from this forward-looking information include the costs of any
anticipated work programs and the ability to fund such costs, required approvals in connection with
any work programs and the ability to obtain such approvals, risks inherent in exploration as well as
those described under the heading "Risks and Uncertainties" in the Company's most recently filed
MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise
the forward-looking information contained in this news release, except as required by law. Readers are
cautioned not to place undue reliance on forward-looking information.
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https://www.newsfilecorp.com/release/181051