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European Lithium ( (AU:EUR) ) has shared an update.
European Lithium has closed its existing on-market share buy-back and plans to launch a new buy-back program running from 15 April to 15 October 2026, unless completed or terminated earlier. The company will conduct the extended buy-back within the 10/12 limit under the Corporations Act, meaning no shareholder approval is required and all shares repurchased will be cancelled.
Executive chairman Tony Sage said the board considers the current share price to undervalue the company’s assets, viewing the buy-back as a chance to acquire shares at a significant discount and enhance value for remaining shareholders. The scale, pricing and timing of purchases will depend on market conditions, with Evolution Capital continuing as broker and no assurance that the full 10% of issued capital capacity will be used.
The most recent analyst rating on (AU:EUR) stock is a Hold with a A$0.21 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-listed resources company focused on lithium, with its shares traded on the ASX, Frankfurt and OTC markets. The company is engaged in the exploration and development of lithium assets, positioning itself to benefit from growing demand for battery materials in global energy transition and electric vehicle supply chains.
Average Trading Volume: 10,578,046
Technical Sentiment Signal: Buy
Current Market Cap: A$365.4M
Find detailed analytics on EUR stock on TipRanks’ Stock Analysis page.