Europa Metals proposes capital return after Toral project sale

Europa Metals has announced an annual general meeting for 16 January 2026 to seek shareholder approval for a proposed capital reduction of approximately £1 million. This follows the sale of its 100% interest in Europa Metals Iberia S.L., which held the Toral Zn-Pb-Ag Project, to Denarius Metals Corp. for 7 million Denarius common shares. The sale completed on 13 November 2024, converting Europa Metals into an 'AIM Rule 15 cash shell'.

The company has sold 4,962,500 Denarius shares, netting approximately £1,598,000 after costs, and still holds 2,037,500 Denarius shares. The proposed return will distribute not less than £1 million, equating to approximately £0.01 per share. Shareholders on the Australian register will receive Australian dollars, while South African shareholders will be paid in South African rand.

The capital return process is expected to conclude by 28 February 2026, with the record date for entitlement set for 30 January 2026 and the expected payment date on 13 February 2026. This move comes as the company recently announced an acquisition of Marula Africa Mining Holdings Limited, shifting its focus to battery and critical metals projects in East and Southern Africa.