European Energy Metals reported the results of its inaugural Phase 1 exploration program for LCT (lithium-cesium-tantalum) spodumene-bearing pegmatites on its Central Finland Lithium Project which spans over 250,000 hectares (ha). Overall, the best results were obtained on the Nabba Reservation where several clusters of spodumene-bearing square pegmatite boulders and boulder fields were identified during the program. Several prospective areas were also identified (i.e. Kyrola, Kaitnabba, Pisto and Kaatiala) with anomalous to locally anomalous-grade lithium.

A total of 1,099 rock chip (grab) samples were collected with the results discussed in manomalous detail below. The Company's projects are in the Kaustinen-Seinajoki region which is highly prospective for LCT. pegmatite deposits, as evidenced by the success of the Geological Survey of Finland (GTK) and subsequently Keliber Oy in discovering significant Li-bearing spodumene pegmatite prospects and deposits in the region.

The initial success in identifying lithium-rich pegmatitic boulders from the Phase 1 program is very encouraging, as the area is topographically flat and extensively covered by a thin veneer of glacial overburden. On the basis of these results the Company has recently submitted applications for Exploration Licenses ("EL's") covering an area of 4,550 hectares within it's 11,690 hectare Nabba Reservation, including the area around the Kyrola Prospect. The Nabba EL (2,812 ha) and Nabba 2 EL (1,738 ha) are located on the northern half of the Company's Nabba Reservation and adjacent to the Keliber lithium projects of Sibanye-Stillwater.

Under an Exploration License or EL, the Company will be permitted to undertake manomalous advanced exploration such as detailed base-of-till (BoT) sampling, trenching and diamond drilling. The Nabba ELs lie less than 8 km west of Keliber's Spodumene Concentrator Plant and several previously known Li-spodumene pegmatites occur within 1 km of the Nabba licences, including the Emmes Deposit which hosts NNW-SSE trending Li-bearing, spodumene pegmatites, and a resource of 1.08 Mt grading 1.22% Li2O.