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European Lithium Limited (ASX:EUR)

ALERT: Price-sensitive ASX Announcement for EUR
Current share price for EUR : $0.355 -0.11 (-23.66%)+
Announcement
Release
17 Oct 2025 10:40AM
Price at Release
$0.465
Full Release
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Summary
European Lithium Limited announced the sale of 3.03 million shares of Critical Metals Corp for US$50 million to a US institutional investor, as part of an off-market transaction. Concurrently, CRML completed a US$50 million private placement to fund its Tanbreez Rare Earth Project in Greenland. The share sale price was set at US$16.50 per share. European Lithium retains a significant holding in CRML, valued at approximately US$1.2 billion, indicating a discrepancy between this intrinsic value and the company's current market capitalization. The transaction highlights continued investor confidence in CRML's critical mineral assets.
Key Points
  • European Lithium Limited sold 3.03 million shares of Critical Metals Corp for US$50 million.
  • CRML completed a private placement of US$50 million to develop its Tanbreez Rare Earth Project in Greenland.
  • The shares were sold to a single US institutional investor at US$16.50 per share.
  • European Lithium continues to hold 53,036,338 shares in CRML.
  • European Lithium's holding in CRML is valued at approximately US$1.2 billion.
  • This transaction reflects strong investor confidence in CRML's strategic portfolio.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.