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European Lithium ( (AU:EUR) ) has shared an update.
European Lithium reported a strong March quarter highlighted by the sale of 7.5 million Critical Metals Corp. shares, raising about A$167.6 million and bolstering funding for its exploration portfolio. The company advanced drilling and sampling at the Tanbreez rare earth project in Greenland, where re-analysis and final 2025 results confirmed consistent total rare earth oxide grades and high heavy rare earth and gallium content, and completed 3,430 metres of resource definition drilling.
The group also mobilised exploration crews at its Northern Licence Area lithium projects in Ireland to carry out geochemical, rock chip and channel sampling programs. After the quarter end, European Lithium agreed in principle to a share-based merger under which Critical Metals would acquire all its securities, while Critical Metals increased its stake in Tanbreez to 92.5% and launched a US$30 million project acceleration plan in southern Greenland, underscoring a strategic consolidation of lithium and rare earth assets within the combined group.
More about European Lithium
European Lithium is an ASX-, Frankfurt- and OTC-listed exploration and development company focused on lithium and rare earth projects in Europe and Greenland. Its portfolio includes Austrian lithium licences near Critical Metals’ Wolfsberg Lithium Project and the Tanbreez Greenland Rare Earth Mine, positioning the group within the battery metals and critical minerals supply chain for European and global markets.
Average Trading Volume: 9,835,296
Technical Sentiment Signal: Buy
Current Market Cap: A$489.1M
For detailed information about EUR stock, go to TipRanks’ Stock Analysis page.