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Company News
European Lithium secures $185m in EXIM funding for Tanbreez rare earth project in Greenland
European Lithium (ASX: EUR) has welcomed news that the Tanbreez rare earth project in Greenland has received a Letter of Intent (LOI) from the US Export-Import Bank (EXIM), indicating support for a total non-dilutive funding package of approximately $185 million (US$120m). EXIM is the official export credit agency of the US, created to support the […]
European Lithium backs Critical Metals’ major stake in Greenland’s Tanbreez mine
European Lithium (ASX: EUR) has welcomed Critical Metals’ move to acquire a controlling interest in the world-class Tanbreez Greenland rare earth mine. The company currently holds just over 83.03% of the ordinary shares in Critical Metals and owns a 7.5% direct interest in the Tanbreez project. Under the new binding heads of agreement, Critical Metals […]
Saudi Arabia accelerates diversification into lithium and gold sectors
Global oil-producing powerhouse Saudi Arabia is gaining significant traction in its recent push into the minerals sector. With the global petroleum industry under pressure in the call for a reduction in carbon dioxide numbers, Saudi Arabia has significantly increased its investment in the hunt for what many see as oil’s leading fuel replacement, lithium. The […]