European Lithium

Quarterly Activities Report and Appendix 5B for the Quarter Ending 31 December 2021

The Board of European Lithium Limited (ASX: EUR,FRA: PF8, OTC: EULIF) (the Company) is pleased to present its activities report and Appendix 5B for the three months ending 31 December 2021.


SUMMARY OF KEY UPDATES

  • European Lithium has agreed to purchase Petro Consulting, a Ukrainian company that is applying for special permits to extract and process lithium from two lithium projects (Shevchenkivske and Dobra) located in Ukraine (MillstoneTransaction).
  • The Millstone Transaction is conditional upon Petro Consulting being issued the relevantspecial permits for the extraction and production of lithium, EUR shareholder approval and certain other conditions, with an end date for completion 12 months from signing.
  • E47/4144 located in the northwest Australia is progressing through the WA Mining Act regulatory application process.
  • COVID-19 pandemic and government enforced rules related to international travel continues to impact operations and force EUR to observe closely any changes in government restrictions in Europe, Austria specifically, and Australia.
  • Due to the Company’s strict COVID safe rules and other mitigation measures, no COVID-19 incidents or cases were reported by staff and contractors since the start of the pandemic in 2020. The Company has continued its Austrian operations while monitoring changing COVID-19 rules within the European Union, the pandemic is expected to continue to impact the Company with a sharp rise in the number of infections during Q4/2021.
  • DRA as the leading consultant to manage the bankable, Definite Feasibility Study (DFS) has appointed the complete group of subconsultants.
  • Resource upgrade to 12.9Mt grading 1.00% Li2O in Zone 1.
  • Dorfner/Anzaplan has completed all locked cycle tests and provided a report as part of the DFS process. Furthermore, ISO certificates for the final lithium carbonate and hydroxide, battery grade, products were issued to confirm expectations of a sustainable high level, quality product as part of QA/QC process.
  • EUR continues to collaborate with a research group from University of Graz to develop a cluster for lithium hydroxide to be produced from recycled Lithium-Ion-Batteries.
  • GREENPEG (EU-funded) supported infield and underground work continues.

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)
Lithium periodic symbol standing upright next to lithium metal.

Top 9 Lithium-producing Countries (Updated 2024)

Interest in lithium continues to grow due to its role in the lithium-ion batteries that power electric vehicles (EVs). As a result, more and more attention is landing on the top lithium-producing countries.

About 80 percent of the lithium produced globally goes toward battery production, but other industries also consume the metal. For example, 7 percent of lithium is used in ceramics and glass, while 4 percent goes to lubricating greases.

According to the US Geological Survey, lithium use in batteries has increased in recent years due to the use of rechargeable batteries in portable electronic devices, as well as in electric tools, EVs and grid storage applications.

Keep reading...Show less
 Lancaster Resources President and CEO Penny White.

Lancaster Resources Progresses Permitting for Alkali Flat Lithium Project

Lancaster Resources (CSE:LCR,OTCQB:LANRF,FWB:6UF0) is gearing up to drill an exploration well at its Alkali Flat lithium brine project in New Mexico following the receipt of a technically complete letter from the New Mining and Minerals Division pertaining to its permit application.

“Hopefully we can get started within the next 30 to 60 days,” said CEO Penny White. “Basically we'll be doing our exploratory well, which is really just a drill that will go down about 700 meters. And what we'll be able to do is explore that to really interesting targets that we've delineated through all of our exploratory work to date, and one is about 100 meters down.”

White explained that the Alkali Flat project is a compelling asset due to its high lithium concentrations and potential for environmentally friendly production methods.

Keep reading...Show less
Galan Lithium

Galan Builds Inventory with 1,000t LCE, Advances HMW Project

Galan Lithium (ASX:GLN) reported a contained inventory of 1,000 tons of lithium carbonate equivalent (LCE) at its Hombre Muerto West (HMW) project in Argentina, according to an article by The West Australian.

Keep reading...Show less
Atlantic Lithium (ASX:A11)

Atlantic Lithium


Keep reading...Show less
Investor Presentation via Investor Meet Company

Investor Presentation via Investor Meet Company

CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company, advancing sustainable lithium projects in Chile for the clean energy transition, is pleased to announce that Executive Chairman and Interim CEO, Steve Kesler will provide a live presentation relating to the DLE Pilot Plant Results via Investor Meet Company on 15 May 2024, 15:00 BST.

The presentation is open to all existing and potential shareholders. Investors can sign up to Investor Meet Company for free and meet CleanTech Lithium via the following link:

Keep reading...Show less
Admission to Trading on the Ghana Stock Exchange

Admission to Trading on the Ghana Stock Exchange

Atlantic Lithium to commence trading on the Main Market of the GSE on Monday, 13 May 2024

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to announce that admission of its entire issued share capital (“Admission”), being 649,669,053 ordinary shares ("Ordinary Shares"), by introduction on the Main Market of the Ghana Stock Exchange (“GSE”) and commencement of trading of the Ordinary Shares will take place at 10:00 a.m. GMT on Monday, 13 May 2024, under the ticker “ALLGH”.

Keep reading...Show less

Latest Press Releases

Related News

×