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...
A pile of metallic rocks in front of a laptop and stacked flip phones on a black surface.

ERI, Cyclic Materials Ink Rare Earths Recycling Partnership

Electronic waste recycler ERI and Cyclic Materials signed a global strategic partnership agreement on Tuesday (July 21) to recover rare earth elements and critical minerals from discarded electronics, creating one of the largest commercial magnet recycling networks in North America.Under the... Keep Reading...
Canadian flag with rising financial chart and currency background.

4 Best-performing Canadian Rare Earths Stocks in 2026

Rare earth elements (REEs) are important for many of today's technologies and tomorrow's carbon-free economy.Investors may not be familiar with the metals individually, but the group of elements is found in technology all around us, commonly in the form of rare earth magnets, which are used in... Keep Reading...
Different types of rare earth magnets laid out over a black surface.

Rare Earths Stocks: 5 Biggest ASX Companies in 2026

Prices and demand for rare earth metals have continued on an upward trend in 2026. The long-term outlook for these important materials remains positive, especially given their precarious supply situation amidst China's dominant control over the market.Rare earth elements are key metals for... Keep Reading...
Three wind turbines stand behind metal cubes labeled with different elements against a light gray background.

USA Rare Earth Extracts Critical Dysprosium From Scrap

USA Rare Earth (NASDAQ:USAR) successfully extracted commercial-grade dysprosium and neodymium-praseodymium (NdPr) oxides from recycled magnet scrap at its Colorado facility on Tuesday (July 14).Operating out of its Wheat Ridge demonstration plant, the company announced it had processed scrap... Keep Reading...
Adrián Godás.

Adrián Godás: Rare Earths Have Become a Geopolitical Market

Speaking with the Investing News Network at the Fastmarkets Global Battery and Critical Materials Conference in Las Vegas, Fastmarkets senior analyst Adrián Godás Della Ripa said China's export controls have transformed rare earths into a strategic market where security of supply often takes... Keep Reading...
Matt Fernley.

Matt Fernley: Rare Earths Demand is the Story Investors Are Missing

Fundamentals for battery materials are improving, but investor sentiment has yet to fully recover. According to Matt Fernley, managing director of Battery Materials Review and partner at RK Equity, the disconnect reflects a focus on short-term headlines instead of longer-term structural... Keep Reading...

Interactive Chart

Latest Press Releases

Related News