European Lithium Limited

European Lithium Limited (ASX: EUR) is progressing on several fronts, advancing exploration and development projects that underscore our commitment to becoming a leader in lithium and critical minerals supply. Notably, Critical Metals Corp. (CRML) has solidified a 42% stake in the Tanbreez Project, positioning us within one of the world’s largest heavy rare earth element (HREE) deposits, uniquely capable of supporting Western technological and defense markets. The launch of a targeted drilling program at Tanbreez in Greenland further validates our strategic growth in critical minerals. Our Wolfsberg Project continues to spearhead this momentum, progressing through environmental approvals as we move closer to producing battery-grade lithium monohydrate for BMW, aiming to support the European electric vehicle industry. In tandem, our Austrian and Irish lithium projects are undergoing strategic evaluations, paving the way for further growth in sustainable lithium supply. We remain focused on value generation for our shareholders, with an asset portfolio designed to meet the increasing global demand for lithium and critical minerals essential to a low-carbon future. Anna Sloboda Malcolm Day Mykhailo Zhernov #TonySage #EuropeanLithium #CriticalMetals #LithiumSupply #SustainableMining #BatteryMetals

European Lithium Limited (EUR.AX) is pleased to share the latest quarterly report for the period ending 30 June 2024. European Lithium strategic focus is to develop the lithium mining projects in European Union to build the long term sustainable supply of the lithium products to local producers, including car manufacturers, and to support EU policies of zero-carbon energy transition. Anna Sloboda Malcolm Day Mykhailo Zhernov #TonySage #EUR #Lithium #EnergyTransition #Quarterly  

European Lithium Limited's critical minerals mining development investment Critical Metals Corp. achieves another pivotal milestone with the successful completion of stage 1 of the company's strategic acquisition of one of the world's largest rare earth deposits, Tanbreez. Tanbreez is a game changing move for producing strategic products essential to electrification and next generation technologies for Europe and its Western world partners. Critical Metals Corp now holds a 42.00% equity interest in the Tanbreez Project while European Lithium will retain its 7.5% ownership in the Tanbreez Project. “The successful completion of Stage 1 reflects another pivotal milestone in our strategic acquisition of Tanbreez. Tanbreez is a game-changing rare earth asset for the West, an assessment supported by both our due diligence, including our visit to the project last week, as well as third-party evaluations. By acquiring Tanbreez, we are taking a key step towards positioning Critical Metals Corp as a reliable and long-term strategic supplier of both light and heavy rare earth elements to meet the escalating demand for these materials for technology and defense applications in the western world.” Critical Metals Corp CEO and Chairman, #TonySage Malcolm Day Mykhailo Zhernov Anna Sloboda #EUR #CRML #CriticalMinerals #RareEarth #Tanbreez

European Lithium Limited is pleased to announce that another strategic milestone has been achieved. European Lithium Partner, Obeikan Group, signed as shareholders agreement to form a 50/50 JV, Arabian New Energy Company. The focus of the newly established company will be on the construction, commissioning, and operation of a large-scale lithium hydroxide processing plant in the Kingdom of Saudi Arabia to process spodumene concentrate produced from the Wolfsberg Lithium, Austria. “This is another huge milestone for the Wolfsberg project following on from the recent $US15m commitment made by BMW. We now have two very dedicated partners to ensure we fulfil our ambition of becoming the first European producers of both spodumene and hydroxide. Now after these key milestones have been achieved the next steps become a lot easier. Over the next two quarters we expect to finalize the updated DFS on the now separated projects and secure the necessary funding to commence construction. The Board of the newly formed Arabian New Energy will appoint a leading ECPM to oversee the construction of the hydroxide plant. The funding for the project will be organized from within Saudi Arabia”. Chairman Tony Sage Malcolm Day Mykhailo Zhernov Anna Sloboda #Lithium #JointVenture #WolfsbergLithium #ObeikanGroup #TonySage

European Lithium Limited's #CriticalMinerals mining development investment Critical Metals Corp. has joined the Russell 2000®, Russell 3000® & Russell Microcap® Index as part of the 2024 Russell indexes annual reconstitution. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. CEO and Chairman Tony Sage said “This is a significant milestone for Critical Metals Corp and a testament to our team’s hard work and dedication. Inclusion in these indexes enhances our visibility within the investment community, broadens our investor base, and better positions us to create long-term value for our shareholders and execute on our strategic objectives.” Malcolm Day Mykhailo Zhernov Anna Sloboda #TonySage #Russell #Indexes #Investment #Community #EUR #CRML

European Lithium, a substantial shareholder in NASDAQ listed Critical Metals Corp. welcomes the initial investment of USD$5m to acquire 92.5% controlling interest in the Tanbreez Greenland Rare Earth Mine. Critical Metals Corp. now holds 5.55% equity interest in the Tanbreez Project, while European Lithium retains its 7.5% ownership.   CRML CEO Tony Sage commented “The completion of this investment is a key step for our plans to acquire Tanbreez, a foundational rare earth asset for the West. By acquiring Tanbreez, Critical Metals Corp will be strategically positioned to become a reliable and sustainable supplier of both light and heavy rare earth elements to meet the growing demand of these materials from the technology and defense industries in western countries. With this development, the transaction is further de-risked”.     Malcolm Day Mykhailo Zhernov Anna Sloboda   #EUR #CRML #TanbreezRareEarths #Greenland #CriticalMetals #CriticalMinerals #Electrification #TonySage

Martin Place Securities Executive Chairman Barry Dawes research report reveals European Lithium has constructed a valuable portfolio of key lithium projects in Europe and is now well placed to participate in the EU’s EV batteries and clean energy transition programme. According to the report that can be found https://lnkd.in/gwXCT6TR, the Company’s lithium projects and exposure to rare earths investment through Tanbreez project in Greenland have considerable potential to significantly increase the market value of EUR in the future. Malcolm Day Mykhailo Zhernov Anna Sloboda #TonySage #EuropeanLithium #EUR #Lithium #Tanbreez #RareEarth

European Lithium Limited’s #CriticalMinerals mining development investment Critical Metals Corp. has inked an agreement to acquire the remaining stake in the Tanbreez Greenland Rare Earth Deposit. The binding agreement will give Nasdaq-listed #EUR investment #CRML a 92.5% controlling interest in licensed #RareEarths project #Tanbreez in #SouthernGreenland. Speaking in his role as Critical Metals Corp CEO and Chairman Tony Sage said: “Tanbreez is a game-changing rare earth asset for the West and is a key step towards positioning Critical Metals Corp as the preeminent critical minerals supplier with a diversified, multi-asset portfolio that spans multiple geographies.” EUR currently owns 83% of CRML and has a 7.5% minority stake in Tanbreez. #ASX #Mining #REE #Tanbreez #Greenland #Europe #TonySage Malcolm Day Mykhailo Zhernov Anna Sloboda

MarketOpen Australia on Martin Place Securities' analysis

Via:Proactive #TonySage #Lithium #EUR #CRML