EUR - European Lithium

Funniest activity for a long time ... Bye bye buyback?

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.... and now in a trading halt, pending an announcement regarding financing of the Wolfsberg Lithium Project.

Dona Ferentes said:

...pending an announcement regarding financing of the Wolfsberg Lithium Project.

Click to expand...

and a long time between drinks
EUR off its lows with this Ann. .. up 12 per cent

BMW Commits to Wolfsberg Lithium Project
European Lithium is pleased to announce that Bayerische Motoren Werkte Aktiengesellschaft (BMW) has transferred funds of US$15 million to ECM Lithium AT GmbH, a wholly owned subsidiary of Critical Metals Corp (Nasdaq: CRML) in relation to the offtake of battery grade lithium hydroxide (LiOH) from the Wolfsberg Lithium Project in Austria which is to be offset against LiOH delivered to BMW (Refer to ASX Ann. 21 December 2022).

Tony Sage, Chairman of EUR, commented: “This is a huge milestone for the Wolfsberg project which now paves the way for the next financing steps”.

European Lithium holds 67,788,383 (83.03%) ordinary shares in Critical Metals. Based on the closing share price of Critical Metals being US$10.67 per share as of 5 June 2024, the Company’s current investment in Critical Metals is valued at US$723,302,047 (A$1,084,953,070) noting that this valuation is subject to fluctuation in the share price of Critical Metals. Through this significant interest, EUR is aligned with Critical Metals vision to become a key supplier for the lithium-ion battery supply chain in Europe.

About CRML
Critical Metals Corp. is a leading mining company focused on mining critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for Europe and its partners. Its initial flagship asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure to become the next major producer of key lithium products to support the growing demand for electric vehicles and Europe’s burgeoning lithium-ion battery supply chain. In addition, Critical Metals owns a 20% interest in prospective Austrian mineral projects previously held by European Lithium Ltd.

1. No.
2. Not applicable.
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4. The Company confirms that it is in compliance with the listing rules, and in particular, listing rule 3.1.


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as to which Ann. is the driver,, nun the Wiser.

European Lithium Ltd (ASX: EUR, FRA: DF8, OTC: EULIF) is pleased to announce that Critical Metals Corp. (Nasdaq: CRML) has received a non-binding and conditional Letter of Interest (LoI) from the Export-Import Bank of the United States, indicating support for a total non-dilutive funding package of US$120 million. EXIM is the official export credit agency of the United States that aims to support the growth of American businesses by offering financing tools including loans, guarantees, and insurance to facilitate international trade to strengthen the United States economy and help support jobs across the United States.

The proposed funding package has a 15-year term and is subject to key development milestones such as permitting, feasibility studies and environmental assessments and EXIM conducting its standard due diligence investigations.

European Lithium is the largest shareholder of Critical Metals, holding 65,916,641 (approximately 63%) ordinary shares in Critical Metals. This significant funding package is expected to be used to develop Critical Metals’ Tanbreez Project, one of the world’s largest rare earth deposits located in Greenland.