Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
European Lithium ( (AU:EUR) ) has provided an update.
European Lithium announced that Critical Metals Corp has signed a letter of intent for an offtake agreement with REalloys Inc., a U.S. company specializing in rare earth processing and refining. This agreement involves supplying up to 6,750,000 metric tons of rare earth concentrate from the Tanbreez Project, marking a strategic move to strengthen the U.S. rare earth supply chain and reduce reliance on Chinese sources. This collaboration highlights a commitment to building a resilient domestic supply chain, supporting U.S. national security and industrial growth.
More about European Lithium
European Lithium Limited is a mining company focused on lithium, rare earth, precious metals, and base metals, with operations in Austria, Ireland, Ukraine, and Australia. Critical Metals Corp is a mining development company focused on critical metals and minerals essential for electrification and next-generation technologies, with significant projects like the Tanbreez rare earth deposit in Greenland and the Wolfsberg Lithium Project in Austria.
Average Trading Volume: 6,219,787
Technical Sentiment Signal: Buy
Current Market Cap: A$364.1M
For an in-depth examination of EUR stock, go to TipRanks’ Overview page.