Hot off the press... European Lithium.pdfEuropean Lithium’s...

Hot off the press...

European Lithium.pdfEuropean Lithium’s stake in Critical Metals valued at US$381.9M following equity funding
European Lithium Ltd has reaffirmed its strategic position in Critical Metals Corp. following the latter’s completion of a US$22.5 million private placement. The transaction is set to enhance Critical Metals’ balance sheet and accelerate the development of the Tanbreez Rare Earth Project in Greenland and the Wolfsberg Lithium Project in Austria.
European Lithium holds 66,416,641 ordinary shares in Critical Metals, representing a 74.30% stake. Based on Critical Metals' closing share price of US$5.75 per share as of February 7, 2025, EUR’s investment is currently valued at approximately US$381.9 million (A$607.2 million). This valuation remains subject to market fluctuations.
“It’s exciting that EUR holding in CRML has been underpinned by this placement. At US$5 per share, EUR’s holding in CRML at the placement price is worth approximately $600 million which represents $36.66 per share. We look forward to welcoming the support of our new investors with deep experience in the metals and mining sector, and delivering long-term value to all of our shareholders,” EUR chairman Tony Sage said.

Becoming a key supplier of critical minerals
The equity funding was secured through a securities purchase agreement for a private investment in public equity (PIPE), with gross proceeds of US$22.5 million expected before placement agent fees and associated costs. The financing, anticipated to close on or around February 7, 2025, involves the issuance of approximately 4.5 million ordinary shares at US$5.00 per share and an equal number of warrants exercisable at US$7.00 per share with a four-year expiry.
Through its substantial shareholding, European Lithium maintains a vested interest in Critical Metals' strategy to establish itself as a key supplier of critical minerals and lithium-ion battery materials for the European market.
Critical Metals is focused on supplying strategic materials essential for electrification and next-generation technologies across Europe and its western partners.
The company’s flagship asset, the Tanbreez Project in Greenland, hosts one of the world's largest rare earth deposits. The company also owns the Wolfsberg Lithium Project in Carinthia, Austria, approximately 270 kilometres south of Vienna. Wolfsberg is Europe’s first fully permitted lithium mine, with access to established road and rail infrastructure. The project is positioned to become a key lithium supplier for the European market, supported by offtake agreements and downstream partnerships.
Beyond its core assets, Critical Metals holds a 20% stake in prospective Austrian mineral projects previously owned by European Lithium Ltd. With this portfolio, the company aims to establish itself as a reliable supplier of critical minerals vital for defence applications, the clean energy transition, and advanced technologies in the western world.