European Energy Metals Corp. Announces Name Change to Grit Metals Corp.
European Energy Metals Corp. Announces
Name Change to Grit Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - Further to its press release dated
October 9, 2024, European Energy Metals Corp. (TSXV: FIN) (the "
Company
"), is pleased to announce
that the Company has filed a Notice of Alteration to change its name from "European Energy Metals
Corp." to "Grit Metals Corp."
The name change was approved by resolution of the board of directors of
the Company dated October 18, 2024.
The name change is effective October 30, 2024.
Accordingly, the Company's common shares will commence trading on a post-name change basis at the
opening of the market on November 4, 2024, under the same trading symbol "FIN".
Trading on a Post-Name Change Basis:
November 4, 2024
Trading Symbol:
FIN
NEW CUSIP:
39868L102
NEW ISIN:
CA39868L1022
About Grit Metals Corp.
Grit 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 exploration licenses are located within 1 kms of
the Keliber mine and production complex, currently under construction and expected to begin production
in H2 2025.
An estimated €600 million investment by Keliber's parent company Sibanye-Stillwater Limited in
partnership with the Finnish Minerals Group (
www.mineralsgroup.fi
) is underway in the Kautinen Region
and will see the development of open-pit and underground mining from several deposits, construction of
a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola.
When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply
chain (source:
www.sibanyestillwater.com
).
The Company also has several 100 percent owned precious metals projects in Northern Finland. They
are located in the Paleo-Proterozoic Greenstone Terrane of Northern Finland comprised of multiple
greenstone belts including the CLGB which hosts world-class gold (eg Kittila Deposit, owned by Agnico
Eagle and Ikkari Deposit, owned by Rupert Resources) and base metal deposits (eg Kevitsa owned by
Boliden and Sakatti owned by Aglo-American). The belt's potential is also suggested by the presence of
several major mining companies in the belt. The belt has very recently garnered significant interest
following an offer from Rupert Resources to buy B2Gold's 70% interest in a Joint Venture between
B2Gold and Aurion Resources which lies adjacent to Ruperts Ikkari Deposit, for $102 million. The joint
venture ground is strategic to Ruperts proposed development of the Ikkari Deposit but is also host to
numerous gold prospects along a structural corridor that extends >125 km.
On behalf of the board of directors of the Company:
Jeremy Poirier
Chief Executive Officer
Telephone: 604-722-9842
Neither 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.
Forward-Looking Information
This press release contains forward-looking information (within the meaning of applicable Canadian
securities legislation) that involves various risks and uncertainties regarding future events. Such forward-
looking information includes statements based on current expectations involving a number of risks and
uncertainties and such forward-looking statements are not guarantees of future performance of the
Company. There are numerous risks and uncertainties that could cause actual results and the
Company's plans and objectives to differ materially from those expressed in the forward-looking
information in this news release, including without limitation, the following risks and uncertainties; (i) risks
inherent in the mining industry; (ii) regulatory and environmental risks. Actual results and future events
could differ materially from those anticipated in such information. This forward-looking information is
based on estimates and opinions of management on the date hereof and is expressly qualified by this
notice. Risks and uncertainties about the Company's business are more fully discussed in the
Company's disclosure materials filed with the with securities regulatory authorities in Canada at
www.sedar.com
. The Company assumes no obligation to update any forward-looking information except
as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/228094