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European Lithium ( (AU:EUR) ) has provided an update.
Critical Metals Corp has signed a letter of intent for an offtake agreement with Ucore Rare Metals Inc, aiming to supply up to 10,000 metric tons annually of rare earth concentrate from the Tanbreez Rare Earth Project in Greenland. This agreement is significant as it represents a strategic move to reduce reliance on China for rare earth resources, enhancing the supply chain for Ucore’s processing facilities in Louisiana and Ontario, and supporting national security interests.
More 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. Critical Metals Corp is a leading mining development company focused on critical metals and minerals, producing strategic products essential to electrification and next-generation technologies for Europe and its western world partners. Ucore Rare Metals Inc. is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies.
Average Trading Volume: 4,660,567
Technical Sentiment Signal: Buy
Current Market Cap: A$152.6M
For a thorough assessment of EUR stock, go to TipRanks’ Stock Analysis page.