European Green Transition plc Reports 2024 Results and Strategic Shift

European Green Transition Plc ( (GB:EGT) ) has shared an announcement.

European Green Transition plc has announced its audited results for the year ended December 31, 2024, highlighting significant milestones such as a successful IPO on the London Stock Exchange AIM and advancements in the Olserum Rare Earth Element project. The company secured a robust cash position of £3.7 million and is well-positioned to execute its M&A strategy, focusing on acquiring distressed, revenue-generating businesses in the green economy. The geopolitical tensions between the US and China have increased interest in EGT’s Olserum REE project, which is of strategic importance for Europe’s rare earth supply security. The company is transitioning away from mining to focus on M&A activities, with leadership changes to support this strategy, including Cathal Friel assuming the role of Executive Chairman to lead the M&A efforts.

More about European Green Transition Plc

European Green Transition plc (EGT) operates in the green transition space in Europe, focusing on capitalizing on opportunities created by the shift to a green, renewables-focused economy. The company aims to expand its portfolio of green economy assets through mergers and acquisitions, targeting revenue-generating businesses that support the green transition.

Average Trading Volume: 38,179

Technical Sentiment Signal: Strong Sell

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