European Lithium Limited (ASX: EUR) has announced that Critical Metals Corp. (Nasdaq: CRML) has successfully raised US$22.5 million through a private placement. This funding will accelerate the development of the Tanbreez Rare Earth Project in Greenland and the Wolfsberg Lithium Project in Austria.
Through its 74.3% stake in Critical Metals Corp., European Lithium’s investment is currently valued at US$381.9 million (AU$607.2 million), reflecting the strong positioning of its assets. The Wolfsberg Lithium Project is Europe’s first fully permitted lithium mine, strategically located for access to key markets.
This investment further aligns European Lithium with Critical Metals’ goal of becoming a major supplier of essential minerals for electrification and next-gen technologies. The company remains committed to strengthening Europe’s critical metals supply chain while delivering long-term value to its shareholders.
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