Business
Results for Year Ended 31 December 2023
Results for Year Ended 31 December 2023.
About this update from European Green Transition Plc
[{"type":"text","content":"\n\n \n25 June 2024\nEuropean Green Transition plc\n(\"European Green Transition\", \"EGT\", \"the Company\" or \"the Group\")\n Results for Year Ended 31 December 2023\n \n \nEuropean Green Transition (AIM: EGT), a company developing green economy assets in Europe which aims to capitalise on the opportunity created by the green energy transition, is pleased to announce the audited results for European Green Metals Limited (\"EGM\"), the Group's wholly owned subsidiary, for the year ended 31 December 2023.\n \nThe Company was incorporated on 25 January 2024 as European Green Metals Holdings Limited, later renamed European Green Transition Limited on 29 February 2024 and subsequently re-registered as a public company changing its name to European Green Transition plc on 25 March 2024, ahead of its admission to AIM. European Green Transition plc is the holding company of the Group.\n \n2023 Highlights\n \n· Exercised option and completed acquisition of the Olserum Rare Earth Element (\"REE\") project in Sweden in July 2023. · Extensive due diligence fieldwork completed at the Olserum REE project. · Olserum REE Project designated as a project of \"National Interest\" by the Swedish Geological Survey. · Granted permit in June 2023 for an early-stage critical metals project at Marienberg in Saxony, Germany. \n· Completed extensive preparatory work for listing on the London Stock Exchange, laying the foundations for admission to AIM in April 2024.\n \nPost Period End Highlights\n \n· Incorporation and subsequent rebranding to European Green Transition plc, reflecting the Group's broader strategic focus and future as a public company.\n· Successful admission of European Green Transition plc to AIM and concurrent £6.5m fundraise in April 2024.\n· Entered an exclusive 12-month option to commence due diligence on and potentially acquire the Limni copper.\n· Entered an exclusive 12-month option to investigate the potential to develop a peatland carbon sink programme and in turn generate carbon credits in Donegal, Ireland.\n· Positive results from channel and grab samples taken at the Djupedal prospect, the nearby Bersummen area, and the newly identified Stora Lockerum struct...