European Energy Metals Corp. entered into an amended agreement to acquire Finnish Pegmatite Project from Capella Minerals Limited for CAD 0.51 million.

European Energy Metals Corp. (TSXV:FIN) entered into an amended agreement to acquire Finnish Pegmatite Project from Capella Minerals Limited (TSXV:CMIL) for CAD 0.51 million on April 3, 2024. Under the terms of the Purchase Agreement, upon closing, the Company has agreed to pay Capella CAD 250,000 in cash and issue 1,100,000 common shares of the Company (the "Consideration Shares").

Capella will also receive a 2% net smelter royalty on the Project, half of which may be repurchased by the Company at any time in exchange for the payment of CAD 1.45 million (?1 million). The Consideration Shares will be subject to a statutory four month hold period as well as contractual restrictions on resale. The transaction is subject to the approval of the TSX Venture Exchange.