European Lithium Limited (ASX:EUR, FRA:PF8, OTC:EULIF) announced that it is undertaking an on-market share buy-back for up to 135M ordinary shares. These share represent approximately 10% of the shares on issue. Based on the closing price of shares from 30 September 2025, this represents a cash cost of approximately $12.6M.
The share buy-back will start between 17 October 2025 and 31 March 2026, and is contingent on market conditions, volumes, and other relevant factors.
The company will work with Evolution Capital Pty Ltd to undertake the share buy-back.
Tony Sage, Executive Chairman of European Lithium commented “The board believes the Company’s current share price does not reflect the underlying value of the Company’s assets. The current market value of the company’s holding in Critical Metals Corp is approximately $678m at yesterday’s closing price.1 In the Board’s view, the buy-back therefore represents a fantastic opportunity to buy shares back at a significant discount and add value to our remaining shares on issue”.
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