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The latest announcement is out from European Lithium Ltd. ( (AU:EUR) ).
European Lithium Ltd announced that Critical Metals Corp has raised approximately US$22.5 million through a private placement, aiming to advance its Tanbreez Rare Earth Project in Greenland and the Wolfsberg Lithium Project in Austria. This funding will enhance Critical Metals Corp’s balance sheet and development plans, positioning it as a key supplier in the lithium-ion battery supply chain in Europe. European Lithium’s substantial stake in Critical Metals underscores its strategic alignment with Critical Metals’ vision of becoming a reliable supplier of critical minerals for defense and clean energy applications.
More about European Lithium Ltd.
European Lithium Ltd is a company focused on the exploration and development of lithium projects. The company holds a significant interest in Critical Metals Corp, which is involved in mining development for critical metals and minerals, particularly for electrification and next-generation technologies in Europe.
YTD Price Performance: 100.0%
Average Trading Volume: 103,137
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $58.25M
For detailed information about EUR stock, go to TipRanks’ Stock Analysis page.
