CRML Share Sales Generate Significant Returns
European Lithium Limited (ASX: EUR) has delivered a robust quarterly performance, raising A$12.8 million through strategic share sales in Critical Metals Corp (CRML). The Company sold 2 million CRML shares during the quarter for A$7.6 million. Following the quarter end, EUR sold an additional 1 million shares for A$5.2 million.
CRML’s closing price reached US$4.34 per share on 28 July 2025. This valuation reflects EUR’s current investment worth of US$273,058,221 (A$413,409,567). European Lithium holds approximately 60% of CRML’s issued capital through 62,916,641 ordinary shares.
Tanbreez Project Delivers Outstanding Results
Critical Metals’ flagship Tanbreez Greenland Rare Earth Mine has produced exceptional drilling results. Diamond Hole A1-24 returned 4,722ppm (0.47% TREO) including 26.96% heavy rare earth oxides. The results also showed 1.82% zircon oxide and 102ppm gallium oxide.
The project’s Mineral Resource Estimate stands at 45 million tonnes of eudialyte containing 0.38% TREO. This includes 27% contained heavy rare earth oxides plus rare metal oxides. An additional 180 million tonnes of feldspar and arfvedsonite complement the main resource.
CRML executed a US$2 million diamond drilling contract to upgrade the existing resource. The program targets extensions of the Fjord Eudialyte Deposit across a 4,200 square metre area. Resource drilling commenced on 30 June 2025 with the first drill hole collared above the Fjord Deposit.
Deep Diamond Hole intersection at the Tanbreez REE Project
Economic Assessments Show Project Viability
The Tanbreez Project’s Preliminary Economic Assessment highlights robust economics for the heavy rare earth project. The Scoping Study results demonstrate a Net Present Value of approximately US$2.4-3.0 billion at 8-10% discount rates. The Internal Rate of Return reaches 162% before tax.
CRML secured a US$120 million Letter of Intent for the Tanbreez Project’s development. The project benefits from full permitting and positioning as a non-Chinese supplier of rare earth and rare metal oxides.
Austrian and Irish Projects Progress
European Lithium’s Austrian Lithium Projects encompass 245 exploration licences covering 114.6 square kilometres. The Company completed detailed lithological and structural mapping near Quarry Ebner within the Bretstein-Lachtal area. Three drill holes totalling 220 metres have been planned for future exploration.
The Irish Lithium Project licenses successfully transferred to EUR subsidiary LRH Resources. The Company committed funding for a Q3 exploration program including reconnaissance geochemistry and targeted sampling. Several priority areas show spodumene-bearing pegmatites with potential economic lithium oxide grades.
Austrian Lithium Projects location
Wolfsberg Project Advances Towards Production
The Wolfsberg Project received its pre-assessment decree concerning environmental approval processes. This decree confirms the project does not require full-scale environmental approval, accelerating the transition from exploration to mining operations.
The project completed planning and technical layout for the energy supply corridor with local supplier KELAG. Construction of the energy corridor will commence in H1/2025, representing a milestone towards operational readiness.
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Saudi Arabia Joint Venture Progresses
The 50/50 Joint Venture with Obeikan Investment Group continues developing a lithium hydroxide processing plant in Saudi Arabia. Hatch Ltd commenced design work on the refinery, which will produce up to 20,000 metric tons of battery-grade lithium hydroxide annually.
Financial Position Strengthens
European Lithium’s cash position reached A$20.0 million at quarter end. The Company issued 178,418,736 new options under ticker EUROC, raising A$357,000. Operating cash flows totalled A$2.3 million for the quarter.
The Company maintains interests in Cyclone Metals Ltd (9.73% for A$8.0 million value) and Moab Minerals Limited (9.61% increasing to 16.41% post-quarter). These investments diversify EUR’s portfolio across iron ore, uranium, and copper projects.
European Lithium’s quarterly performance demonstrates strong execution across its lithium and rare earth portfolio, positioning the Company for continued growth in the critical minerals sector.
