TLDR
- European Lithium sold 3.85 million shares of Critical Metals Corp (CRML) to a US institutional investor for $50 million
- The shares were sold at $13 each in an off-market transaction, representing a 12% discount to CRML’s Friday closing price of $14.98
- European Lithium still holds 56 million CRML shares valued at approximately $854 million, which exceeds European Lithium’s own market capitalization
- European Lithium also maintains a direct 7.5% interest in Critical Metals’ Tanbreez rare-earth project in Greenland
- Critical Metals owns the Wolfsberg lithium project in Austria, which is set to be Europe’s first fully permitted lithium mine
European Lithium has completed a $50 million share sale to a US institutional investor. The ASX-listed mining company sold 3.85 million shares of Nasdaq-traded Critical Metals Corp in an off-market transaction.
The shares sold at $13 each, marking a 12% discount from CRML’s Friday closing price of $14.98. The transaction involved a single US institutional buyer who acquired the entire block of shares.
Executive chairperson Tony Sage said the deal reflects strong investor interest in CRML shares. Recent trading activity on the Nasdaq has shown increased volume and price movement for Critical Metals stock.
European Lithium retains a substantial position in Critical Metals after the sale. The company still holds 56 million CRML shares in its portfolio.
Based on the latest Nasdaq closing price, these remaining shares are valued at approximately $854 million. This valuation converts to roughly A$1.29 billion in Australian dollars.
The value of European Lithium’s CRML holdings exceeds its own market capitalization of A$327.7 million. The company’s CRML stake equates to A$0.89 per European Lithium share.
European Lithium’s Strategic Holdings
European Lithium maintains additional exposure to Critical Metals’ assets beyond its share position. The company holds a direct 7.5% interest in the Tanbreez rare-earth project located in Greenland.
Critical Metals currently has a market valuation of A$2.3 billion. Given this valuation, European Lithium’s equity interest in the Tanbreez project carries strategic value for the company.
European Lithium operates as an exploration and development stage mining company. The company focuses on lithium, rare earth, precious metals, and base metals across multiple countries.
Its geographical operations span Austria, Ireland, Ukraine, and Australia. The company maintains particular emphasis on lithium and rare earth projects within its portfolio.
Critical Metals’ Project Portfolio
Critical Metals positions itself as a supplier of minerals to Western markets. The company’s Tanbreez project in Greenland ranks among the world’s largest rare-earth deposits.
Critical Metals also controls the Wolfsberg lithium project in Austria. This project holds the distinction of being the first fully permitted lithium mine in Europe.
The Wolfsberg project is expected to supply the European battery and electric vehicle industries. Critical Metals acquired a 20% interest in several Austrian mineral projects previously held by European Lithium.
The company describes its asset portfolio as supporting clean energy transition and next-generation technologies. Critical Metals’ projects span both rare-earth and lithium resources.
European Lithium’s year-to-date stock price performance shows a gain of 435.71%. The company’s average trading volume stands at 7.37 million shares.
