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An update from European Lithium ( (AU:EUR) ) is now available.
European Lithium Ltd has announced promising new diamond drill results from its Tanbreez Rare Earth Project in Greenland, revealing high-grade rare earth mineralization with Total Rare Earth Oxide (TREO) grades ranging from 0.48% to 0.55%. The results highlight a significant proportion of heavy rare earth oxides (HREO), accounting for approximately 25-27% of TREO, and notable zirconium oxide grades. These findings underscore the strategic importance of the Tanbreez project in securing critical minerals for Western supply chains, particularly in light of China’s dominance in the rare earth market. The ongoing drilling and resource upgrade program positions the company to expand its resource base and enhance its role in the global rare earth supply chain.
More about European Lithium
European Lithium Ltd is a company operating in the mining industry, focusing on the extraction and development of rare earth elements. The company is primarily engaged in projects that aim to secure sources of critical minerals, which are essential for various industries, including defense and technology.
Average Trading Volume: 4,205,087
Technical Sentiment Signal: Buy
Current Market Cap: A$142.4M
For a thorough assessment of EUR stock, go to TipRanks’ Stock Analysis page.