European Lithium Limited (ASX: EUR | FRA: PF8 | OTC: EULIF) has announced that it has completed the acquisition of 100% of the issued share capital of LRH Resources Limited, which holds 100% of the rights, title and interest in the Leinster Lithium Project in Ireland from Technology Metals plc in an all-script transaction.
Tony Sage, chairman of EUR, commented, “The acquisition shows our commitment to continue expanding in the European lithium sector and illustrates our capability to identify, secure and build in highly prospective lithium provinces, leveraging our world class exploration and project development expertise. This development is strategic for the European Union to establish the sustainable supply chains of the critical minerals essential for the transition to low carbon emission economy. By using our shareholding in CRML to purchase this asset demonstrates the value of our investment in Critical Metals Corp.”
In addition, to advance the development of the Leinster Lithium Project, the company has announced the appointment of geologist and international mining executive, Mr George Karageorge, as executive general manager exploration, effective immediately.
“I am delighted that European Lithium has been able to attract such a high calibre executive as George. He brings significant experience in taking projects from exploration through to development and production, and his appointment will enable us to focus our attention on making another significant lithium discovery by building and developing a high-quality portfolio across Europe.” Added Mr. Sage.
To find out more, please visit www.europeanlithium.com
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