European Bank for Reconstruction and Development’s 2.62% Stake Acquisition In Adriatic Metals PLC

Locke Lord LLP advised Adriatic Metals Plc on the deal.

The European Bank for Reconstruction and Development (EBRD) has acquired a 2.62 per cent stake in Adriatic Metals PLC to support development of the Vareš silver project in Bosnia and Herzegovina.

The Bank’s investment of GBP 6.2 million (€6.62 million equivalent) will be used to finance the transition from exploration to mine development.

Adriatic Metals PLC focuses on mineral exploration of resources. The Company explores and develops cut zinc, lead, barite, and silver mine projects. Adriatic Metals operates in the United Kingdom.

International Bank for Reconstruction and Development operates as a financial services firm. The Company provides loans and other assistance primarily to middle income countries with the aim of reducing poverty, increasing shared prosperity, and promoting sustainable development.

The Locke Lord team was led by James Channo (Picture) and Nick Jennings and also included Anastasia Demetriou.

Involved fees earner: James Channo – Locke Lord; Anastasia Demetriou – Locke Lord; Nicholas Jennings – Locke Lord;

Law Firms: Locke Lord;

Clients: Adriatic Metals PLC;