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European Lithium Sells Critical Metals Shares, Highlights Strategic Value

Story Highlights
  • European Lithium sold 0.5 million Critical Metals shares for $1.625 million.
  • The transaction highlights the significant value of European Lithium’s holdings in Critical Metals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
European Lithium Sells Critical Metals Shares, Highlights Strategic Value

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European Lithium ( (AU:EUR) ) just unveiled an update.

European Lithium Ltd has announced the sale of 0.5 million shares in Critical Metals Corp to a US institutional investor, generating net proceeds of $1.625 million. This transaction underscores the significant value of European Lithium’s remaining shares in Critical Metals, which are valued at approximately $205 million, far exceeding the company’s current market capitalization. This strategic move highlights European Lithium’s strong position in the market and its potential impact on stakeholders.

More about European Lithium

European Lithium Limited is an exploration and development stage mining company focused mainly on lithium, rare earth, precious metals, and base metals in Austria, Ireland, Ukraine, and Australia.

Average Trading Volume: 2,596,045

Technical Sentiment Signal: Buy

Current Market Cap: A$106M

For detailed information about EUR stock, go to TipRanks’ Stock Analysis page.

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