Got this confirmation an hour ago from EUR:

European Lithium’s Strategic Position Strengthened

European Lithium (ASX: EUR) is pleased to announce that Critical Metals Corp. (Nasdaq: CRML) has secured US$22.5 million in equity funding, further supporting the development of:

✅ Tanbreez Rare Earth Project (Greenland) – one of the world’s largest rare earth deposits
✅ Wolfsberg Lithium Project (Austria) – Europe’s first fully permitted lithium mine

This transaction underscores EUR’s strong position in the critical minerals sector, with our holding in CRML now valued at A$607 million, based on the latest share price of US$5.75 per share.

Chairman Tony Sage commented:
"At US$5 per share, EUR’s stake in CRML is worth approximately A$600 million, representing A$36.66 per EUR share. This placement highlights the strength of our investment and the momentum building in the critical minerals space."

As Europe moves towards securing a stable supply of battery and rare earth materials, EUR remains well-positioned to capitalise on this growing demand.

Kind regards
European Lithium IR