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European Lithium ( (AU:EUR) ) has provided an update.
Critical Metals Corp has approved and started construction of a multi-use storage and pilot-plant facility in Qaqortoq, Greenland, to support the Tanbreez rare earths and critical metals project, with works to be delivered under a turnkey design-build contract by 60° North Greenland. The move advances development of one of the world’s largest rare earth deposits and enhances Critical Metals’ infrastructure in Greenland, while materially benefiting European Lithium, whose 44.982% shareholding in Critical Metals is currently valued at more than US$714 million, reinforcing its leverage to the growing critical minerals supply chain for Europe and the wider Western market.
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 Limited is an exploration and development-stage mining company focused on lithium assets in Austria, Ukraine and Ireland, alongside additional mining interests in Australia and a rare earth project in Greenland. The company also holds a significant strategic stake in US-listed Critical Metals Corp, giving it exposure to major critical minerals projects serving European and Western electrification and advanced technology markets.
Average Trading Volume: 19,448,738
Technical Sentiment Signal: Buy
Current Market Cap: A$309M
Learn more about EUR stock on TipRanks’ Stock Analysis page.