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European Lithium?s Strategic Position Strengthened
European Lithium (ASX: EUR) is pleased to announce that Critical Metals Corp. (Nasdaq: CRML) has secured US$22.5 million in equity funding, further supporting the development of:
Tanbreez Rare Earth Project (Greenland) ? one of the world?s largest rare earth deposits Wolfsberg Lithium Project (Austria) ? Europe?s first fully permitted lithium mine
This transaction underscores EUR?s strong position in the critical minerals sector, with our holding in CRML now valued at A$607 million, based on the latest share price of US$5.75 per share.
Chairman Tony Sage commented: "At US$5 per share, EUR?s stake in CRML is worth approximately A$600 million, representing A$36.66 per EUR share. This placement highlights the strength of our investment and the momentum building in the critical minerals space."
As Europe moves towards securing a stable supply of battery and rare earth materials, EUR remains well-positioned to capitalise on this growing demand.
Kind regards European Lithium IR
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