Key point
- Vending Wolfsberg Lithium Project into NASDAQ SPAC
- EUR to receive US$750m for 82% of new Critical Metals vehicle
- Pass-through value is A$0.61 /EUR share
- US$15m prepayment funding from BMW offtake agreement
- Has 7.5% of Tanbreez world’s largest REE deposit
NASDAQ LISTING OF WOLFSBERG COULD BRING A$1.1BN TO EUR VALUE
EUR is developing a portfolio of European lithium and rare earth projects that have
considerable potential to significantly increase the market value of EUR and make it an
early leader in European lithium production.
The key asset is the smaller scale 8.8ktpa LHM Wolfsberg Lithium spodumene mining
project in Austria soon to be vended into CRML for listing on NASDAQ for US$750m in
shares to EUR and lead to it becoming the first EU producer of battery grade lithium.
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