European Lithium Ltd (ASX: EUR) has issued a corporate update covering progress across its lithium assets in Austria, Australia, and the US.
The company reaffirmed its focus on the Wolfsberg Lithium Project in Austria, noting that front-end engineering design work and discussions with potential offtake partners are advancing. It also reported ongoing exploration at its Queensland lithium tenements and progress by its US-listed joint-venture entity, Critical Metals Corp, in developing the Tanbreez Rare Earth Project.
Tony Sage, executive chairman of European Lithium commented, “The past quarter has been pivotal as we align our European and North American strategies. With Wolfsberg approaching its next development milestone and Tanbreez moving closer to financing, we see a clear pathway to becoming a multi-jurisdictional supplier of critical materials for the energy transition.”
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