European Lithium’s Tanbreez Project Shows Promising Scoping Study Results

European Lithium Ltd. ( (AU:EUR) ) has provided an update.

European Lithium Ltd has announced the results of a scoping study for its Tanbreez Rare Earth Project in Greenland, revealing a net present value of approximately US$2.4–3.0 billion and an internal rate of return of 162% before tax. The project, which has a 30-year exploitation permit, shows potential for a viable standalone mining and processing operation, although further exploration and economic studies are needed to confirm its economic viability. The study highlights the significance of the Tanbreez project’s rare earth oxides, which are crucial for permanent magnet production, potentially impacting the company’s profitability and industry positioning.

More about European Lithium Ltd.

European Lithium Ltd is a company operating in the mining industry, focusing on the extraction and processing of rare earth elements. The company is involved in projects that aim to produce critical metals essential for permanent magnet production, with a market focus on exporting eudialyte concentrate.

YTD Price Performance: 55.00%

Average Trading Volume: 70,811

Technical Sentiment Signal: Buy

Current Market Cap: $50.32M

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