Business
Interim Results and M&A Strategy Update
European Green Transition PLC announced its unaudited interim results for the six months ended 30 June 2025. The company remains well capitalized with £2.9 million in cash and no debt. Key highlights include the extension of the Olserum Rare Earth Elements project licenses in Sweden until June 2029 and the Pajala Copper-Graphite project licenses until March 2028. A six-month extension to the Altan Carbon Credit project option agreement was secured at no additional cost. The company reported a loss for the period of £596,482, resulting in a basic and diluted loss per share of £0.0041. Intangible assets were valued at £2,063,390. Trade and other payables totaled £187,887. Disclaimer*
About this update from European Green Transition Plc
[{"type":"text","content":"\n\n24 September 2025\nEuropean Green Transition plc\n(\"European Green Transition\", \"EGT\" or \"the Company\")\n \nInterim results and M&A strategy update\n \nEuropean Green Transition (AIM: EGT), a company which aims to capitalise on the opportunities created by the green energy transition in Europe, announces its unaudited results for the six months ended 30 June 2025.\n \nHighlights\n· Extension of the Olserum Rare Earth Elements (\"REE\") project licenses in Sweden until June 2029, following the successful completion of the Olserum REE drill programme in H2 2024 which confirmed the district scale potential for REEs at Olserum\n· Successful extension of the Pajala Copper-Graphite project licenses in Sweden for a further three years, now valid until March 2028\n· Secured a six-month extension to the Altan Carbon Credit project option agreement at no additional cost as discussions progress with key stakeholders to assess the near-term revenue potential of the project\n· Positive engagement with multiple parties regarding the sale and/or partnership of EGT's exploration assets amid positive market tailwinds as the Company continues to focus its resources away from natural resources and mining to focus on revenue-generating businesses\n· EGT remains well capitalised with £2.9 million cash (as at 30 June 2025) with no debt or committed costs\n· Cathal Friel, the Company's co-founder and largest shareholder, assumed the role of Non-Executive Chairman in mid-April 2025 and transitioned to the Executive Chairman role from 30 June 2025, where he is leading EGT's M&A strategy\n· Daniel Akselson remains on the Board as Non-Executive Director and continues to chair the Audit Committee\n \nM&A strategy update\nEGT has identified and continues to engage with a range of distressed, revenue-generating acquisition targets available at attractive valuations. This is in line with EGT's previously stated strategy to reallocate its resources towards acquiring revenue generating businesses - announced alongside Cathal Friel's appointment as Chair on 4 June 2025. Given the uncertainty and challenging long-term prospects faced by many businesses focused on the green economy, EGT is also...