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European Lithium ( (AU:EUR) ) has issued an announcement.
European Lithium Ltd, as the largest shareholder of Critical Metals Corp, stands to benefit from a US$120 million non-binding Letter of Interest from the Export-Import Bank of the United States to fund the development of the Tanbreez Project in Greenland, one of the world’s largest rare earth deposits. This funding proposal underscores the strategic importance of the Tanbreez project in strengthening Western supply chains for critical minerals, although the completion of the financing package is contingent upon meeting several development milestones and due diligence by EXIM.
More about European Lithium
European Lithium Limited is an exploration and development stage mining company focused on lithium, rare earth, precious metals, and base metals in Austria, Ireland, Ukraine, and Australia. Critical Metals Corp is a leading mining development company focused on critical metals and minerals, producing strategic products essential to electrification and next-generation technologies, with key projects in Greenland and Austria.
Average Trading Volume: 987,684
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$63.92M
Find detailed analytics on EUR stock on TipRanks’ Stock Analysis page.