European Lithium Ltd (ASX: EUR, FRA:PF8, OTC: EULIF) (European Lithium or the Company) is pleased to announce that Critical Metals Corp. (Nasdaq: CRML) in an off-market transaction sold 0.5 million CRML shares to a US institutional investor at U$3.25 per share for U$1.625M (Approx $A2.5m) net proceeds to EUR. Executive Chairman Tony Sage said, 'This transaction again highlights the value of the Company's holding in CRML.
The remaining 63 million shares held in CRML, using the $US3.25 sale amount, values the Company's holding at approximately $US205m ($A315m), which is well above the current market capitalisation of EUR. The Company's holding in CRML equates to $0.218 per EUR share.'
About European Lithium
European Lithium Limited is an exploration and development stage mining company focused mainly on lithium, rare earth, precious metals and base metals in Austria, Ireland, Ukraine, and Australia.
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, represents one of the world's largest, rare-earth deposits located in Greenland. 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 building block in an expanding geostrategic critical metals portfolio. In addition, Critical Metals owns a 20% interest in prospective Austrian mineral projects previously held by European Lithium Ltd. With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, clean energy transition, and nextgeneration technologies in the western world
Contact:
Tel: +61 8 6181 9792
Email: info@europeanlithium.com
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