Company
ASX:EUR
European Lithium Ltd (ASX:EUR) is listed on the Australian Securities Exchange.
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It has signed a multi-tiered non-binding Memorandum of Agreement with Traxys to support the development and commercialisation of the Wolfsberg Project.
Importantly, the results demonstrate high-quality, battery-grade lithium product can be produced from Wolfsberg with very low impurities.
The increase in resources means an extension of mine life from what was previously announced in the pre-feasibility study (PFS).
“We believe that providing a convenient and transparent trading platform for US investors to directly access our shares will improve liquidity and broaden awareness of the company among mature and sophisticated investors with strong interes
“We are excited to formally establish the Technical Advisory Committee and commence our collaborative efforts with our partner Jadar to maximise and potentially grow the resource at Wolfsberg,” Tony Sage said.
The company has increased the measured and indicated resource at the Wolfsberg Project to 9.7 million tonnes at 1.03% lithium oxide and agreed to buy back a legacy €1.50 royalty per tonne of mineral extracted, thereby further improving the
The two Ukrainian projects are Shevchenkivske and Dobra, which are considered underexplored by modern exploration methods and contain significant exploration targets based on historical data.
"We’re pleased to confirm the experienced team at DRA are leading the DFS for the company. We have confidence in the team who have undertaken the PFS process and have appropriate knowledge and experience with the Wolfsberg Lithium Project,”
European Lithium is poised to list on the US OTC as EULIF, with its 100% owned Wolfsberg Lithium Project's Definitive Feasibility Report due end of Q1, 2022.
Carter is experienced in structuring corporate transactions, focusing on junior resource companies, and has worked in ongoing corporate advisory roles with numerous ASX listed entities over the last 18 years.
“It is an excellent performance by all partners working on the drilling program to achieve the highly promising outcome as part of our Definite Feasibility Study (DFS),” says CEO Dietrich Wanke.
“It's fantastic to get support from institutional investors and to also have the funds necessary to finalise the DFS,” says chairman.
The aim of the infill drilling program is to increase the existing JORC reserves for the Definitive Feasibility Study (DFS) and to show extensions of the ore body for future drilling programs at the Project.
The company aims to be the first local lithium hydroxide supplier in the European battery supply chain with production from its Wolfsberg Lithium Project expected to commence in 2023.
The company is committed to developing the advanced Wolfsberg Lithium Project in Austria with a focus on sustainable green operations to the highest European standards.
“We are convinced that we will achieve our ambitious aim to become one of the first battery-grade lithium producers in Europe,” says CEO.
The proximity of the Weinebene and Eastern Alps projects to Wolfsberg creates optionality and potential synergistic development and production scenarios for both parties.
A second rig is due to start early next month as part of an extensive program aimed at upgrading and increasing resources.
The company expects the drilling program will increase the resources at Wolfsberg - which would further strengthen the project’s economics.
The drilling program is intended to upgrade inferred resources of 4.68 million tonnes to the JORC-compliant measured and indicated categories so that the total 10.98-million-tonne resource can be included in the mine planning process.
After exploration is complete, it is expected total resources of 10.98 million tonnes will be included in the mine planning process in the DFS at the Wolfsberg Project.
The company has been advised of the progress of the metallurgical test-work, and that it will be completed with DRA Global supervising, on-budget as scheduled.
“We are excited by the huge support in the placement shown by institutional and high net worth investors in Australia, Asia and Europe,” says chairman.
Securities will remain halted until Wednesday, January 20, or when an announcement is released.
The company has secured a gold tenement in a region of the Pilbara that is producing impressive result and attracting strong attention.
The new tenement in North West WA is close to the recent gold discoveries of De Grey Mining, Artemis Resources and Novo Resources.
The company is well-timed and well-positioned to benefit from Europe’s unprecedented need for lithium.
The appointment of Kimon Gkomozias as executive director is part of the company’s strategic engagement with Talaxis, a leader in EV technology metals project development.
The collaboration with GREENPEG and initial funding of €120,000 shows strong commitment to develop the Wolfsberg Lithium Project in Austria.
The company has received A$1 million under an A$10 million finance facility previously established with Winance Investment LLC.
The company has reached agreement with a number of creditors and short-term loan holders to convert $742,918 of current debt into equity.
“It is a huge coup for EUR to have secured the engagement with Talaxis and above all the vast knowledge and experience of Daniel,” says chairman Tony Sage.
The company is optimistic about its ability to progress the Wolfsberg Lithium Project once the COVID-19 situation is resolved and believes the outlook for lithium remains strong.
The drawdown is from an existing finance facility with Winance Investment LLC which is “entirely satisfied in the development of the project and adept strategies implemented by management”.
The company is focused on developing its flagship Wolfsberg Lithium Project in Austria.
The new funding will allow the company to complete the DFS for its flagship Wolfsberg Lithium Project.
The company is focused on developing its flagship Wolfsberg Lithium Project in Austria.
Company executives will attend a number of conferences in Europe this quarter.
A bulk sample of ore from the Wolfsberg project is advantageous for the final design of a lithium hydroxide plant.
“Securing this additional funding provides the company flexibility,” says chairman Tony Sage.
Muller also purchased 200,000 shares in April 2019 and 200,000 shares in May 2019.
The company has a strong position to serve a definite and growing market for lithium products in Europe.
The company is in a strong position to serve a definite and growing market for lithium products in Europe.
There is no doubting that there’s plenty of lithium around - it is the 32nd most abundant element in the earth’s crust, ahead of lead, tin, uranium, tungsten, silver, mercury, platinum and gold.
The company aims to boost lithium resources at the Austrian project by around 45%.
There is no doubting that there’s plenty of lithium around - it is the 32nd most abundant element in the earth’s crust, ahead of lead, tin, uranium, tungsten, silver, mercury, platinum and gold
Investments and investor services
Non-executive director Stefan Mϋller has accumulated a holding of 1.25 million shares after this week acquiring another 200,000.
The company is confident of sourcing early project finance utilising an upgraded resource and the current pre-feasibility study (PFS).
Investments and investor services
The company is undertaking a placement mainly to European-based sophisticated investors to raise up to €1.5 million.
FEL is acquiring lithium projects near Fortescue Metals Group discoveries in the Pilbara region of WA.
Investments and investor services
Non-executive director Stefan Mϋller has acquired 200,000 shares in an on-market transaction.
Sorting tests have demonstrated that ore “can be sorted in different ways to achieve repeatable and consistent high-quality products”.
The company anticipates most of the financing for the Wolfsberg project will be secured through non-equity funding and debt capital structures and is in negotiations with several European banks to secure project financing.
Investments and investor services
Tony Sage has this week acquired a further 4 million shares, taking his total holding to more than 11.154 million.
Drilling, metallurgical test work and pilot processing for the Wolfsberg DFS are on the company’s agenda in 2019.
The company is fast-tracking the Wolfsberg Lithium Project in Austria.
Hardware & electrical equipment
Raw material has been delivered to Dorfner Anzaplan in Germany for processed into lithium carbonate or hydroxide.
The company is firming up supplies of copper and cobalt in the DRC and Zambia.
Investments and investor services
The listing is expected to increase the company’s exposure and access to Europe-based investment markets.
The company expects NEX investors will start trading its securities on Monday.
New $10 million facility allows EUR to ensure the DFS process is fully funded whilst retaining flexibility in partner negotiations.
The company is progressing a DFS on its Wolfsberg Lithium Project in Austria.
Hardware & electrical equipment
GlobalData forecasts that demand for lithium will more than double to 58,300 tonnes in 2022.
The company’s integrated lithium supply strategy centred on its Austrian project is attracting strong European interest.
Commencing the DFS is a major milestone in Wolfsberg's development.
Presenters at this year’s Diggers and Dealers Mining Forum in Kalgoorlie in the Western Australian Goldfields looked at the question of growth, and whether to focus on acquiring new projects or explore to increase production.
Definitive feasibility study (DFS) on the Wolfsberg Lithium Project is anticipated to commence in the third quarter.
Sale of the Paynes Find Gold Project has been settled with scrip agreement for remainder of cash transaction.
The company is well advanced on the path to start production from its Wolfsberg Lithium Project in Austria in 2020/21.
The company aims to become Europe’s first lithium producer.
The recently received pre-feasibility study valued Wolfsberg at $441.9 million.
The company aims to begin production in 2020 from the Wolfsberg project in Austria.
The company aims to become Europe’s first lithium producer through development of Wolfsberg.
It was standing room only at the Mining Capital conference held this week at the Brewery in London
The company recently completed a pre-feasibility study at its Wolfsberg Lithium Project.
European Lithium noted that the EBA is calling on the European industry to take advantage of the global market for batteries, which is expected to reach €250bn annually by 2025; supporting members all along the supply chain
The results from surface drilling in zone II demonstrate widths and grades higher than in zone I.
Stefan Müller has played a pivotal role in Cape Lambert's growing global shareholder base.
The resource metrics and mine program that will be used in the DFS could result in a higher valuation being attributed to the project.
The Paynes Find Gold Project was sold for $500,000 cash and $500,000 shares.
Preliminary drill results reveal Zone II's lithium resource expansion potential for Wolfsberg.
Chairman Tony Sage says the key number in the prefeasibility study will be the net present value.
Frankfurt-based DGWA has assisted European Lithium in a similar capacity.
The company is well funded with circa $6.8 million in cash following successful capital raisings.
The number one ‘Company Newcomer’ award coincides with Wolfsberg drilling start.
Receipt of permitting would significantly de-risk the Wolfsburg Lithium Project.
European Lithium remains focused on the Wolfsberg Lithium Project.
The company is focusing on its Wolfsberg Lithium Project in Austria.
There is growing interest in the stock from institutional investors.
A number of retail investor favourites had news this past week.
Funds will assist in advancing the Wolfsberg Lithium Project in Austria.
The capital raising will assist in further developing the Wolfsberg Lithium Project.
Stefan Müller will facilitate the company's European expansion.
The halt will remain in place until Wednesday 7th December 2017.
Shares have been rising over the past week, up nearly 40% to $0.25.