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European Lithium Limited (ASX:EUR)

ALERT: Price-sensitive ASX Announcement for EUR
Current share price for EUR : $0.295 0.105 (55.26%)+
Announcement
Release
10 Dec 2025 9:51AM
Price at Release
$0.190
Full Release
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Summary
European Lithium Limited announced that Critical Metals Corp (CRML) has executed a term-sheet for a joint venture with Romanian state-owned entity, Fabrica de Prelucrare a Concentratelor de Uraniu S.R.L. (FPCU), securing a 50% offtake from the Tanbreez rare-earth project located in Southern Greenland. This collaboration is intended to create a fully integrated supply chain for Europe, enhancing the security and sustainability of critical mineral supplies. European Lithium, known for its lithium exploration across several countries, including Austria and Australia, positions this venture as part of its strategic expansion in the critical metals sector.
Key Points
  • European Lithium Limited (EUR) has announced that CRML has executed a term sheet for a joint venture with Romania.
  • The joint venture involves a 50%-50% split between CRML and Fabrica de Prelucrare a Concentratelor de Uraniu S.R.L. (FPCU) of Romania.
  • This agreement will result in 50% of the offtake from the Tanbreez project.
  • European Lithium Limited focuses on lithium exploration and development across Austria, Ukraine, Ireland, and Australia.
  • CRML's flagship project is the Tanbreez rare-earth deposit in Southern Greenland.
  • The agreement aims to enhance the security of supply for Europe through a fully integrated mine-to-processing supply chain.
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.