Financial Wire

European Lithium Says Critical Metals Wins Greenland Approval for Greenland Mine Stake; Shares Up 6%

-- European Lithium (ASX:EUR) said Nasdaq-listed Critical Metals has received approval from the Government of Greenland for the transfer of the remaining 50.5% interest in the Tanbreez Greenland Rare Earth Mine, bringing Critical Metals' total ownership to 92.5%, according to a Monday Australian bourse filing.

European Lithium, which also owns 37.5% interest in Critical Metals, said it will continue to maintain its 7.5% minority interest in the Tanbreez Project.

"We are now progressing with momentum, supported by advancing technical programs, strong metallurgical results, and engagement with our offtake partners. Tanbreez is no longer a future project - it is a project in development," said Executive Chairman Tony Sage.

European Lithium's shares rose past 6% in recent Monday trade.

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European Lithium Says Critical Metals Wins Greenland Approval for Greenland Mine Stake; Shares Up 6% | Financial Wire