Sign up Australia
Proactive Investors - Run By Investors For Investors

European Lithium’s share price strengthens further on positive news flow

During October, European Lithium completed a placement raising $2.3 million.
lithium sample
Resource of 10.98 million tonnes grading 1% lithium oxide

European Lithium’s (ASX:EUR) shares were trading circa 21% higher intra-day following the appointment of consultants for the pre-feasibility study (PFS) for its Wolfsberg Lithium Project located in Austria.

READ: European Lithium schedules delivery of pre-feasibility study

A work schedule has been developed for completion of the Wolfsberg Lithium Project PFS in the March quarter 2018.

During October, European Lithium completed a placement raising $2.3 million, mainly from European based sophisticated investors, at an issue price of $0.05 per share.

Interestingly, the shares were last trading at almost three times the issue price, at $0.145

The new funds will be used towards finalising the pre-feasibility study at Wolfsberg.

European Lithium’s 100% owned Wolfsberg Lithium Project has a JORC resource of 10.98 million tonnes grading 1% lithium oxide.

The company’s chairman Tony Sage and newly appointed German director Stefan Muller is currently at various investor relation events including London Mines and Money, Vienna Stock Exchange reception and investor roadshows in Vienna and Berlin.

View full EUR profile View Profile

European Lithium Ltd Timeline

Related Articles

latin-resources-Chris-Gale-757.jpg
January 25 2017
Samples grading up to 4.46% lithium oxide were taken from drill targets.
1505300232_Diamond---Lesotho-Brown.jpg
September 14 2017
Tango Mining has signed a deal to go mining diamonds in Angola, and there could be more to come
medgold_pic_596f7e563cd09.png
July 19 2017
Medgold has earmarked drilling to start at the Tlamino project in Serbia in August

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use