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Latest update from Finfeed:

http://finfeed.com/mining/emh/emh-o...1015&utm_source=twitter.com&utm_medium=social

Lithium player European Metals Holdings (ASX:EMH) is one step closer to its long-awaited London listing after receiving a capital boost from London-based Rare Earths Minerals plc.
It told investors that it had bagged $360,000 on the back of a placement of 2 million CHESS depository interests at a price of 18c each, with one free attaching option of 20c.
EMH is attempting to list on the London Alternative Investment Market to better access a raft of UK and European investors as it seeks to bring its Cinovec Lithium-Tin-Tungsten project up to speed. However, it needs more working capital do so as a listing requirement, making the funding deal vitally important.
At the moment, the project has an inferred resource of 514.8 million tonnes of Lithium Oxide ore @0.43% grade, and 72.7Mt of Tin ore @ 0.23% grade.
However, EMH is attempting to use drilling done at the back-end of August to move more inferred resources to the indicated category, further enticing European investors.
Boost from Tesla dealmakers

Rare Earth Minerals is an existing EMH shareholder which specialises in lithium and rare earth deposits.
It currently has a market cap of about $140 million, and is a substantial shareholder in Bacanora Minerals, with both Bacanora and REM holding stakes in the Sonora Lithium deposit.
That deposit was recently the centre of a deal swung with electric car giant Tesla as it seeks to secure the materials needed for it so-called ‘gigafactory’ in Nevada, which will manufacture the batteries needed to boost car output in the coming years.