European Lithium Secures US$50 million from CRML Share Sale

European Lithium Ltd (ASX: EUR) has announced the successful completion of an off-market sale of 3.03 million shares in Critical Metals Corp (NASDAQ: CRML) to a US institutional investor at US$16.50 per share, generating net proceeds of US$50 million (approximately AU$76 million). In parallel, CRML completed a private placement raising US$50 million, issuing 1.47 million ordinary shares and 1.56 million pre-funded warrants at US$16.50 per share, with proceeds earmarked for developing the Tanbreez Rare Earth Project in Greenland.

European Lithium’s Executive Chairman, Tony Sage, highlighted strong investor confidence in CRML’s strategic asset portfolio. EUR retains 53,036,338 CRML shares, valued at approximately US$1.2 billion (AU$1.85 billion) based on CRML’s 16 October 2025 closing price, equivalent to AU$1.23 per EUR share. With over AU$190 million in cash reserves, the Company continues to explore strategic initiatives to bridge its valuation gap and enhance shareholder value.

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