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European Lithium ( (AU:EUR) ) has shared an update.
European Lithium has agreed to acquire 100% of US-based Velta Holding, a titanium producer with mining and manufacturing assets in Ukraine, in an all-scrip deal valued at approximately 173 million newly issued shares. The transaction marks a strategic diversification beyond lithium into titanium and other critical materials used in defence, aerospace, high-tech and construction, giving European Lithium access to established Ukrainian mining and processing facilities and an integrated value chain focused on higher-value products such as titanium metal powders and finished components for additive manufacturing. Management positions the deal as complementary to its core lithium business and a means to deepen participation in Western critical materials supply chains while supporting Ukraine’s industrial reconstruction, though any future expansion will depend on the security situation in the country and completion of customary conditions precedent.
The most recent analyst rating on (AU:EUR) stock is a Hold with a A$0.30 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 exploration and development-stage mining company focused on lithium assets in Austria, Ukraine and Ireland, with additional projects in Australia and a rare earths project in Greenland. The company also holds a significant stake in Critical Metals, providing substantial exposure to the battery metals sector and related critical resources markets.
Average Trading Volume: 13,220,374
Technical Sentiment Signal: Buy
Current Market Cap: A$523.6M
See more insights into EUR stock on TipRanks’ Stock Analysis page.