European Lithium Limited

EUR sells a further 5m CRML Shares for approximately $A124m

European Lithium Ltd (ASX: EUR, FRA: PF8, OTC: EULIF) (“European Lithium” or the “Company”) advises that it has completed a sale of 5 million ordinary shares in Critical Metals Corp. (NASDAQ: CRML). BMO Capital Markets Corp. helped facilitate the transaction by acting in a market maker capacity pursuant to the affiliate provisions of Rule 144.

The transaction will generate net proceeds of approximately A$124 million to EUR, therefore increasing the Company’s cash reserves to A$322m.

Following the transaction EUR will still hold 48,036,338 ordinary shares in CRML. Based on the closing share price of CRML (being US$17.17 per share as of 20 January 2026), the Company’s current investment is valued at US$824,783,923 (A$1,228,928,046) noting that this valuation is subject to fluctuation in the daily share price movement of CRML.

Tony Sage, Executive Chairman of European Lithium, commented “This transaction again proves our investment in the Tanbreez project has been a huge success and hopefully the EUR share price should finally reflect its true asset value. The sale will also provide EUR with additional financial flexibility while maintaining a significant exposure to CRML. The proceeds will further strengthen our balance sheet and positions the Company to continue advancing its core projects, look for new opportunities or return capital to shareholders.”

About European Lithium

European Lithium Limited is an exploration and development stage mining company focused on lithium assets in Austria, Ukraine, and Ireland. It also has significant holdings in CUFE Ltd ( copper/ gold / bismuth) in the Northern Territory, MOAB (uranium in Tanzania), Cyclone Metals Ltd ( Iron Bear Project in Canada) and a direct 7.5% stake in the Tanbreez rare earth project in Greenland.

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, and producing strategic products essential to electrification and next-generation technologies for Europe and its Western world partners. Its flagship Project, Tanbreez, is one of the world's largest, rare- earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.

Another key asset is the Wolfsberg Lithium Project located 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 and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio. 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.

For more information, please visit https://criticalmetalscorp.com/.


Click here for the full ASX Release

This article includes content from European Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

EUR:AU
The Conversation (0)
European Lithium

European Lithium

Developing the Advanced Wolfsberg Lithium Deposit in Austria

Developing the Advanced Wolfsberg Lithium Deposit in Austria Keep Reading...
CRML signs LOI Offtake Agreement with UCORE (DOD Funded)

CRML signs LOI Offtake Agreement with UCORE (DOD Funded)

European Lithium (EUR:AU) has announced CRML signs LOI Offtake Agreement with UCORE (DOD Funded)Download the PDF here. Keep Reading...
Outstanding New 2024 Diamond Drill Results Tanbreez Project

Outstanding New 2024 Diamond Drill Results Tanbreez Project

European Lithium (EUR:AU) has announced Outstanding New 2024 Diamond Drill Results Tanbreez ProjectDownload the PDF here. Keep Reading...
Quarterly Activities Report and Appendix 5B

Quarterly Activities Report and Appendix 5B

European Lithium (EUR:AU) has announced Quarterly Activities Report and Appendix 5BDownload the PDF here. Keep Reading...
EUR Sells 0.5m CRML Shares for U$1.8m (A$2.7m)

EUR Sells 0.5m CRML Shares for U$1.8m (A$2.7m)

European Lithium (EUR:AU) has announced EUR Sells 0.5m CRML Shares for U$1.8m (A$2.7m)Download the PDF here. Keep Reading...
EUR Sells 0.5m CRML Shares for U$1.625m (A$2.5m)

EUR Sells 0.5m CRML Shares for U$1.625m (A$2.5m)

European Lithium (EUR:AU) has announced EUR Sells 0.5m CRML Shares for U$1.625m (A$2.5m)Download the PDF here. Keep Reading...
Interlinked chain with the American flag on the left links and the Australian flag on the right links.

US, Australia Unleash US$3.5 Billion for Critical Minerals Advancement

The US and Australia have committed US$3.5 billion to underwrite a wave of critical minerals projects in Australia, sharply increasing their funding targets as Washington and Canberra race to loosen China’s monopoly on the market.Announced on Sunday (April 12), the massive capital injection... Keep Reading...
Silhouettes of four people, two shaking hands, stand in front of large windows with a bright sky background.

USA Rare Earth, InfraVia Ink US$93 Million Deal for French Rare Earths Refiner

A US critical minerals developer and a European infrastructure fund are injecting approximately US$93 million into a French rare earths refining specialist, marking a transatlantic push to break China’s monopoly.USA Rare Earth (NASDAQ:USAR) and Paris-based InfraVia Capital Partners have signed a... Keep Reading...
ReeXploration Intersects Widespread Bedrock Radioactivity in Maiden Uranium Drilling Program at Eureka Project, Namibia

ReeXploration Intersects Widespread Bedrock Radioactivity in Maiden Uranium Drilling Program at Eureka Project, Namibia

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) ("ReeXploration" or the "Company") is pleased to report positive preliminary results from its maiden uranium drilling program at the Eureka Project ("Eureka" or the "Project") in central Namibia. The 11-hole, 1,729 m reconnaissance program successfully... Keep Reading...
ReeXploration Intersects Widespread Bedrock Radioactivity in Maiden Uranium Drilling Program at Eureka Project, Namibia

ReeXploration Intersects Widespread Bedrock Radioactivity in Maiden Uranium Drilling Program at Eureka Project, Namibia

ReeXploration Inc. (TSXV: REE) (FSE: K2I0) ("ReeXploration" or the "Company") is pleased to report positive preliminary results from its maiden uranium drilling program at the Eureka Project ("Eureka" or the "Project") in central Namibia. The 11-hole, 1,729 m reconnaissance program successfully... Keep Reading...
A large orange rocket launches amidst clouds with the moon looming in the blue sky above.

Moon Race Shifts Focus to Rare Earths, Resource Access

The race back to the Moon is as much about minerals as it is about exploration.NASA is set to launch Artemis II on Wednesday (April 1) , sending four astronauts on a lunar flyby that will pave the way for future landings and a potential Moon base.While the mission marks a return to crewed... Keep Reading...
An advanced recycling plant where robotic arms are sorting and processing rare earth metals.

Rare Earths Recycling Offers Path to Secure, Sustainable Supply Chain

Recycling materials has been a widely established process to promote sustainability and reduce carbon footprint. Now, thanks to both technology innovation and an increasing global sentiment toward resource resilience and security, this well-known process is carving a niche in the critical... Keep Reading...

Interactive Chart

Latest Press Releases

Related News