Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
European Lithium ( (AU:EUR) ) has issued an update.
Critical Metals Corp, linked to European Lithium, has approved the purchase of a roughly US$1 million turnkey Integrated Mobile Geochemical Analysis Centre from mining lab specialist Bromet to support the Tanbreez rare earths project in Greenland, including pilot-plant work and ongoing project development. The modular, two‑container mobile lab, equipped with a Bruker M4 Tornado Plus 26S Micro XRF system, will enable on-site, “mine‑to‑data” rare earth element assays in about 80 minutes, sharply cutting turnaround times versus traditional off‑site labs and improving exploration efficiency, grade control and mine planning while reducing transport and ESG impacts. Operated by trained Greenlandic staff and overseen by an independent accredited third party, the facility is intended to accelerate data generation for future drilling and resource evaluation, enhance the project’s technical rigor and disclosure readiness, and potentially strengthen Critical Metals’ standing with regulators, offtake partners and shareholders, although commissioning remains subject to Greenlandic government and regulatory approvals.
The most recent analyst rating on (AU:EUR) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on European Lithium stock, see the AU:EUR Stock Forecast page.
More about European Lithium
European Lithium is an Australia-listed mining company focused on critical minerals, with exposure to lithium and rare earth elements via its association with Nasdaq-listed Critical Metals Corp and the Tanbreez rare earths project in Greenland. The group aims to position itself as a world‑class supplier into the growing global energy transition and advanced technology markets by developing high-grade, strategically important critical mineral assets.
YTD Price Performance: 51.61%
Average Trading Volume: 18,756,387
Technical Sentiment Signal: Buy
Current Market Cap: A$403.5M
Find detailed analytics on EUR stock on TipRanks’ Stock Analysis page.