European Lithium Boosts Cash Reserves and Advances Rare Earth and Lithium Exploration

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

European Lithium Limited has significantly strengthened its balance sheet after selling a total of 14.88 million shares in Critical Metals Corp. during and shortly after the December quarter, raising gross proceeds of about A$302.6 million and lifting its cash position to A$314 million, while retaining a substantial 48.0 million-share stake in CRML valued at roughly A$964 million. Operationally, the company reported strong progress at the Tanbreez rare earth and gallium project through CRML, with multiple high-grade diamond drilling campaigns confirming consistent total rare earth oxide grades with a high proportion of heavy rare earth elements and notable gallium, completion of over 3,400 metres of resource-definition drilling, and the start of construction of a storage and pilot plant and an on-site assay laboratory, while European Lithium advanced early-stage exploration at its Austrian and Irish lithium projects, including mapping and planning initial drilling on spodumene-bearing pegmatites near Quarry Ebner, underscoring its strategic positioning in both lithium and rare earth supply chains.

The most recent analyst rating on (AU:EUR) stock is a Hold with a A$0.29 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 Australia-headquartered resources company focused on lithium and critical minerals exploration and development, with key assets including a portfolio of Austrian lithium exploration licences near the Wolfsberg Lithium Project, as well as interests in Irish lithium projects. The company is also a major shareholder in US-listed Critical Metals Corp. (CRML), providing it with exposure to the Tanbreez rare earth and gallium project and broader energy transition materials markets.

Average Trading Volume: 13,005,689

Technical Sentiment Signal: Buy

Current Market Cap: A$513.1M

For an in-depth examination of EUR stock, go to TipRanks’ Overview page.