European Lithium Advances Tanbreez Project with NIRAS Partnership

European Lithium ( (AU:EUR) ) has shared an update.

European Lithium Ltd has announced that Tanbreez Mining Greenland A/S has engaged NIRAS A/S, a global engineering and environmental consultancy, to finalize the Definitive Feasibility Study (DFS) for the Tanbreez Rare Earth Project in Greenland. This project, one of the world’s largest rare earth deposits, is expected to significantly advance towards commercial mining operations with the completion of the DFS by the fourth quarter of 2025. The study will address various technical, environmental, and commercial aspects, positioning the project for future production and enhancing European Lithium’s strategic positioning in the rare earth market.

More about European Lithium

European Lithium Limited is a mining company focused on the exploration and development of lithium, rare earth, precious metals, and base metals across Austria, Ireland, Ukraine, and Australia. The company holds a significant stake in Critical Metals Corp, which is involved in the Tanbreez Rare Earth Project in Greenland.

Average Trading Volume: 3,971,807

Technical Sentiment Signal: Buy

Current Market Cap: A$127.8M

See more data about EUR stock on TipRanks’ Stock Analysis page.