On Thursday, April 4, the non-executive director acquired 200,000 shares in a transaction valued at $22,000.
He now holds 1.05 million shares.
The director has demonstrated his support for EUR as the company progresses toward the aim to become the first battery-grade lithium producer in Europe.
There are a number of near-term catalysts as EUR advances a definitive feasibility study (DFS) for the Wolfsberg Lithium Project in Austria, primarily drilling to upgrade resources in Zone 1.
A key DFS test work milestone was passed last month when EUR demonstrated that ore from the Wolfsberg project can be sorted in different ways to achieve consistent high-quality products.
Complex metallurgical tests are being carried out by German company Dorfner/Anzaplan, which has delivered the interim ‘Sensor Based Ore Sorting for the Wolfsberg Project’ report well ahead of schedule.
EUR chairman Tony Sage said: “We are progressing full steam ahead and it is our strong belief that our Wolfsberg project will be the first local producer of lithium hydroxide in Europe.”
The company aims to become a lithium chemicals producer as well as a supplier of spodumene, quartz and feldspar products for the glass and ceramics industry.
READ: European Lithium sees massive opportunity to secure Wolfsberg Lithium Project financing through €1 billion funding program
EUR is also in discussions with several European banks to secure project financing and participate in a €1 billion battery production funding program launched by the German Ministry of Economy.
EUR is part of a syndicate applying for funds from the program to ramp-up battery production in Germany, with the syndicate comprising numerous acclaimed industry players and partners from at least two EU states.