European Lithium is primed to expedite the development of the Wolfsberg Lithium Project in Australia considerably, with the Company's recently announced merger company Critical Metals Corp, having secured an agreement with GEM Global Yield to enter a share...
European Lithium is a mining exploration and development company that wholly owns the Wolfsberg Lithium Project located in Carinthia, Austria. The company's primary listing is on the Australian Securities Exchange (ASX: EUR), and it is also listed in Frankfurt (FRA: PF8) and the USA (OTC-QB: EULIF). The Wolfsberg Lithium Project is well-located in Central Europe with access to established road and rail infrastructure to distribute lithium products to the major lithium-consuming countries of Europe. The company aims to be the first local lithium supplier into an integrated European battery supply chain. Lithium is a highly versatile metal that is widely used in glass and ceramic manufacture, aluminium smelting, greases, air treatment, metallurgical powders, polymers, and a variety of specialty salts and pharmaceuticals. Lithium is a key component of Li-ion battery chemistry, which is the dominant rechargeable battery technology. Existing and planned European battery factories are expected to generate over 600,000 tonnes of lithium carbonate equivalent demand in 2025. European Lithium is engaged in lithium exploration and development in Austria. The company offers its services worldwide.