Executive Chairman of European Lithium Tony Sage said: “The recent price rise and high trading volumes on the Nasdaq show that demand for CRML shares is huge. The remaining 56 million shares in CRML, based on the closing price of $14.98 on the Nasdaq on Friday, values the company’s stake at approximately $US854 million ($A1.294 billion), which is well above the current market capitalization of EUR. The company’s stake in CRML amounts to A$0.89c per EUR share. EUR also has a direct 7.5% stake in the Tanbreez project and given CRML’s current market value ($A2.3 billion), this equity stake is highly strategic.”
About European lithium
European Lithium Limited is an exploration and development stage mining company primarily focused on lithium, rare earths, precious metals and base metals in Austria, Ireland, Ukraine and Australia.
For more information please visit https://europeanlithium.com.
About Critical Metals Corp.
Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, producing strategic products essential for electrification and next-generation technologies for Europe and its partners in the Western world. The flagship project, Tanbreez, represents one of the world’s largest deposits of rare earth elements in Greenland. Another important asset is the Wolfsberg Lithium Project in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure. It is expected to be the next major producer of key lithium products that will support the European market.
Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable building block in a growing geostrategic portfolio of critical metals. In addition, Critical Metals owns a 20% stake in potential Austrian mineral projects previously held by European Lithium Ltd. With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition and next-generation technologies in the Western world.
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