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European Lithium Limited (ASX:EUR)

ALERT: Price-sensitive ASX Announcement for EUR
Current share price for EUR : $0.280 0.05 (21.74%)+
Announcement
Release
5 Feb 2026 11:15AM
Price at Release
$0.230
Full Release
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Summary
European Lithium Limited has completed the sale of 2.5 million ordinary shares in Critical Metals Corp (CRML), generating approximately A$45 million. This transaction increases the company's cash reserves to about A$356 million, while retaining 45,536,338 shares in CRML, valued at US$689,420,157 as of February 2026. Tony Sage, Executive Chairman, stated that the sale strengthens the company's balance sheet without plans for further share disposals in the near future, maintaining strategic influence. European Lithium focuses on lithium and titanium mining across several countries.
Key Points
  • European Lithium sold 2.5 million CRML shares for A$45 million.
  • The sale boosts cash reserves to approximately A$356 million.
  • European Lithium retains 45,536,338 CRML shares.
  • Remaining CRML shares valued at US$689,420,157.
  • No plans for further CRML share sales in the next four months.
  • Maintains strategic influence for potential corporate transactions.
  • European Lithium focuses on lithium and titanium assets.
  • Operations in Austria, Ukraine, Ireland, and other locations.
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.