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An announcement from European Lithium ( (AU:EUR) ) is now available.
European Lithium Ltd has successfully sold 2 million shares of Critical Metals Corp to a US institutional investor for $5 million. This transaction not only validates the valuation of CRML shares but also adheres to the company’s commitment to sell shares only as secondary transactions to long-term investors, highlighting a significant market arbitrage.
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: 1,970,111
Technical Sentiment Signal: Sell
Current Market Cap: A$75.54M
Learn more about EUR stock on TipRanks’ Stock Analysis page.