European Lithium fields high-grade, battery-quality results from Wolfsberg lithium asset
Importantly, the results demonstrate high-quality, battery-grade lithium product can be produced from Wolfsberg with very low impurities.
Company
Paynes Find Gold Limited
ASX:EUR
European Lithium Ltd (ASX:EUR) is listed on the Australian Securities Exchange.
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European Lithium upgrades Wolfsberg Lithium Project resource by 11% to 12.9 million tonnes at 1% lithium oxide
The increase in resources means an extension of mine life from what was previously announced in the pre-feasibility study (PFS).
European Lithium starts trading on OTCQB market as it actively engages with US investors
“We believe that providing a convenient and transparent trading platform for US investors to directly access our shares will improve liquidity and broaden awareness of the company among mature and sophisticated investors with strong interes
European Lithium JV partner to explore Wolfsberg surrounds
“We are excited to formally establish the Technical Advisory Committee and commence our collaborative efforts with our partner Jadar to maximise and potentially grow the resource at Wolfsberg,” Tony Sage said.
European Lithium reaches another milestone with 54% upgrade to measured and indicated resource at its Wolfsberg Lithium Project
The company has increased the measured and indicated resource at the Wolfsberg Project to 9.7 million tonnes at 1.03% lithium oxide and agreed to buy back a legacy €1.50 royalty per tonne of mineral extracted, thereby further improving the
European Lithium Ukraine expansion brings +105mt of well advanced targets and A$5 million upfront placement from vendor
The two Ukrainian projects are Shevchenkivske and Dobra, which are considered underexplored by modern exploration methods and contain significant exploration targets based on historical data.
European Lithium advances Wolfsberg Lithium Project DFS with lead consultant appointment
"We’re pleased to confirm the experienced team at DRA are leading the DFS for the company. We have confidence in the team who have undertaken the PFS process and have appropriate knowledge and experience with the Wolfsberg Lithium Project,”
European Lithium to be listed on the US OTC as EULIF
European Lithium is poised to list on the US OTC as EULIF, with its 100% owned Wolfsberg Lithium Project's Definitive Feasibility Report due end of Q1, 2022.
European Lithium adds financial expertise to the board with appointment of Michael Carter to the role of non-executive director
Carter is experienced in structuring corporate transactions, focusing on junior resource companies, and has worked in ongoing corporate advisory roles with numerous ASX listed entities over the last 18 years.
European Lithium’s strong Wolfsberg drilling results set stage for resource increase
“It is an excellent performance by all partners working on the drilling program to achieve the highly promising outcome as part of our Definite Feasibility Study (DFS),” says CEO Dietrich Wanke.
European Lithium raises A$6.5 million to finalise Wolfsberg DFS
“It's fantastic to get support from institutional investors and to also have the funds necessary to finalise the DFS,” says chairman.
European Lithium drilling at Wolfsberg Project hits high grade Li2O
The aim of the infill drilling program is to increase the existing JORC reserves for the Definitive Feasibility Study (DFS) and to show extensions of the ore body for future drilling programs at the Project.
European Lithium “at forefront of Europe’s battle for white gold”, Spark Plus reports
The company aims to be the first local lithium hydroxide supplier in the European battery supply chain with production from its Wolfsberg Lithium Project expected to commence in 2023.
European Lithium strengthens commitment to greener Europe through partnership to develop battery recycling
The company is committed to developing the advanced Wolfsberg Lithium Project in Austria with a focus on sustainable green operations to the highest European standards.
European Lithium gets all-clear to finalise definitive feasibility study for Wolfsberg project
“We are convinced that we will achieve our ambitious aim to become one of the first battery-grade lithium producers in Europe,” says CEO.
European Lithium set to boost Austrian lithium endowment through Jadar collaboration
The proximity of the Weinebene and Eastern Alps projects to Wolfsberg creates optionality and potential synergistic development and production scenarios for both parties.
European Lithium stepping up resource extension drilling at Wolfsberg Lithium Project
A second rig is due to start early next month as part of an extensive program aimed at upgrading and increasing resources.
European Lithium’s Wolfsberg drilling campaign advances on target and below budget
The company expects the drilling program will increase the resources at Wolfsberg - which would further strengthen the project’s economics.
European Lithium begins resource extension drilling at Wolfsberg Lithium Project in heart of Europe
The drilling program is intended to upgrade inferred resources of 4.68 million tonnes to the JORC-compliant measured and indicated categories so that the total 10.98-million-tonne resource can be included in the mine planning process.
European Lithium gears up to begin resource extension drilling at Wolfsberg Lithium Project
After exploration is complete, it is expected total resources of 10.98 million tonnes will be included in the mine planning process in the DFS at the Wolfsberg Project.
European Lithium on schedule to hit another key DFS milestone at its advanced Wolfsberg Lithium Project in Austria
The company has been advised of the progress of the metallurgical test-work, and that it will be completed with DRA Global supervising, on-budget as scheduled.
European Lithium skyrockets as institutional and high net worth investors show strong support for A$7 million placement
“We are excited by the huge support in the placement shown by institutional and high net worth investors in Australia, Asia and Europe,” says chairman.
European Lithium in trading halt ahead of capital raising announcement
Securities will remain halted until Wednesday, January 20, or when an announcement is released.
European Lithium ready to explore in hottest gold spot in Australia
The company has secured a gold tenement in a region of the Pilbara that is producing impressive result and attracting strong attention.
European Lithium wins hotly contested ballot to secure ground with iron ore resource and strong conglomerate gold potential
The new tenement in North West WA is close to the recent gold discoveries of De Grey Mining, Artemis Resources and Novo Resources.
European Lithium raises A$2.1 million for Wolfsberg project as EU kick-starts plan to build battery supply chain
The company is well-timed and well-positioned to benefit from Europe’s unprecedented need for lithium.
European Lithium bolsters board with additional European financial and corporate expertise
The appointment of Kimon Gkomozias as executive director is part of the company’s strategic engagement with Talaxis, a leader in EV technology metals project development.
European Lithium in R&D collaboration to support sourcing of lithium within Europe
The collaboration with GREENPEG and initial funding of €120,000 shows strong commitment to develop the Wolfsberg Lithium Project in Austria.
European Lithium strengthens financial position in support of battery supply chain strategy
The company has received A$1 million under an A$10 million finance facility previously established with Winance Investment LLC.
European Lithium strengthens financial position through debt conversion
The company has reached agreement with a number of creditors and short-term loan holders to convert $742,918 of current debt into equity.
European Lithium secures key partner in global EV specialist Talaxis and its MD Daniel Mamdou-Blanco
“It is a huge coup for EUR to have secured the engagement with Talaxis and above all the vast knowledge and experience of Daniel,” says chairman Tony Sage.
European Lithium focused on becoming key supplier to integrated battery industry in Europe
The company is optimistic about its ability to progress the Wolfsberg Lithium Project once the COVID-19 situation is resolved and believes the outlook for lithium remains strong.
European Lithium will drawdown $2 million to advance Wolfsberg definitive feasibility study, shares up
The drawdown is from an existing finance facility with Winance Investment LLC which is “entirely satisfied in the development of the project and adept strategies implemented by management”.
European Lithium newly listed options to commence trading under ticker EURO
The company is focused on developing its flagship Wolfsberg Lithium Project in Austria.
European Lithium secures new low-rate debt facility to finalise Wolfsberg DFS without further shareholder dilution
The new funding will allow the company to complete the DFS for its flagship Wolfsberg Lithium Project.
European Lithium in trading halt ahead of DFS financing update
The company is focused on developing its flagship Wolfsberg Lithium Project in Austria.
European Lithium to showcase sustainable integrated European lithium strategy at events
Company executives will attend a number of conferences in Europe this quarter.
European Lithium on track with complex tests for lithium hydroxide production from Wolfsberg
A bulk sample of ore from the Wolfsberg project is advantageous for the final design of a lithium hydroxide plant.
European Lithium secures $10 million finance facility to advance EU lithium strategy
“Securing this additional funding provides the company flexibility,” says chairman Tony Sage.
European Lithium’s Stefan Muller buys another 100,000 company shares
Muller also purchased 200,000 shares in April 2019 and 200,000 shares in May 2019.
European Lithium has early mover advantage and well placed in EU lithium market
The company has a strong position to serve a definite and growing market for lithium products in Europe.
European Lithium well placed in lithium market due to early mover status
The company is in a strong position to serve a definite and growing market for lithium products in Europe.
The lithium market is evolving rapidly, but what is lithium, what is it used for and how much is it really worth?
There is no doubting that there’s plenty of lithium around - it is the 32nd most abundant element in the earth’s crust, ahead of lead, tin, uranium, tungsten, silver, mercury, platinum and gold.
European Lithium makes progress with Wolfsberg resource extension drilling
The company aims to boost lithium resources at the Austrian project by around 45%.
The lithium market is evolving rapidly, but what is lithium, what is it used for and how much is it really worth?
There is no doubting that there’s plenty of lithium around - it is the 32nd most abundant element in the earth’s crust, ahead of lead, tin, uranium, tungsten, silver, mercury, platinum and gold
Investments and investor services
European Lithium director continues to support company through on-market purchases
Non-executive director Stefan Mϋller has accumulated a holding of 1.25 million shares after this week acquiring another 200,000.
European Lithium has drill bit spinning with 45% boost in Wolfsberg resources targeted
The company is confident of sourcing early project finance utilising an upgraded resource and the current pre-feasibility study (PFS).
Investments and investor services
European Lithium continues to gain strong European support for lithium strategy
The company is undertaking a placement mainly to European-based sophisticated investors to raise up to €1.5 million.
Fe Limited holds DRC and Bryah Basin battery metals assets and is picking up Pilbara ground
FEL is acquiring lithium projects near Fortescue Metals Group discoveries in the Pilbara region of WA.
Investments and investor services
European Lithium director shows confidence in integrated lithium strategy focused on Europe
Non-executive director Stefan Mϋller has acquired 200,000 shares in an on-market transaction.
European Lithium hits impressive Wolfsberg ore test milestone ahead of schedule
Sorting tests have demonstrated that ore “can be sorted in different ways to achieve repeatable and consistent high-quality products”.
European Lithium sees massive opportunity to secure Wolfsberg Lithium Project financing through €1 billion funding program
The company anticipates most of the financing for the Wolfsberg project will be secured through non-equity funding and debt capital structures and is in negotiations with several European banks to secure project financing.
Investments and investor services
European Lithium chairman’s big vote of confidence in integrated lithium supply strategy
Tony Sage has this week acquired a further 4 million shares, taking his total holding to more than 11.154 million.
European Lithium has near-term DFS catalysts for integrated lithium supply strategy in Europe
Drilling, metallurgical test work and pilot processing for the Wolfsberg DFS are on the company’s agenda in 2019.
European Lithium director invests $200,000 into company options
The company is fast-tracking the Wolfsberg Lithium Project in Austria.
Hardware & electrical equipment
European Lithium commissions processing tests for lithium from Wolfsberg project
Raw material has been delivered to Dorfner Anzaplan in Germany for processed into lithium carbonate or hydroxide.
Cape Lambert Resources highlights value in tailings pipeline
The company is firming up supplies of copper and cobalt in the DRC and Zambia.
Investments and investor services
European Lithium debuts on NEX Exchange Growth Market in London today
The listing is expected to increase the company’s exposure and access to Europe-based investment markets.
European Lithium Ltd plans NEX debut next week
The company expects NEX investors will start trading its securities on Monday.
European Lithium makes steady progress in advancing Wolfsberg Lithium Project
New $10 million facility allows EUR to ensure the DFS process is fully funded whilst retaining flexibility in partner negotiations.
European Lithium director buys 200,000 shares on market
The company is progressing a DFS on its Wolfsberg Lithium Project in Austria.
Hardware & electrical equipment
Lithium demand surges along with growth in electric vehicle market
GlobalData forecasts that demand for lithium will more than double to 58,300 tonnes in 2022.
European Lithium aims to bank on European interest as it mulls primary Vienna Stock Exchange listing
The company’s integrated lithium supply strategy centred on its Austrian project is attracting strong European interest.
European Lithium secures up to $10 million to fast-track Wolfsberg
Commencing the DFS is a major milestone in Wolfsberg's development.
Diggers and Dealers Mining Forum focuses on growth, exploration and acquisitions
Presenters at this year’s Diggers and Dealers Mining Forum in Kalgoorlie in the Western Australian Goldfields looked at the question of growth, and whether to focus on acquiring new projects or explore to increase production.
European Lithium appoints project director for its advanced Austrian lithium project
Definitive feasibility study (DFS) on the Wolfsberg Lithium Project is anticipated to commence in the third quarter.
European Lithium banks on gold upside of Cervantes as it lifts stake to 8%
Sale of the Paynes Find Gold Project has been settled with scrip agreement for remainder of cash transaction.
European Lithium passes first stage of EU funding program for lithium technology
The company is well advanced on the path to start production from its Wolfsberg Lithium Project in Austria in 2020/21.
European Lithium to host 100 people at its Wolfsberg Lithium Project
The company aims to become Europe’s first lithium producer.
European Lithium chairman buys more shares
The recently received pre-feasibility study valued Wolfsberg at $441.9 million.
European Lithium’s new CEO will guide transition to near-term lithium producer
The company aims to begin production in 2020 from the Wolfsberg project in Austria.
European Lithium promotes Dietrich Wanke to CEO
The company aims to become Europe’s first lithium producer through development of Wolfsberg.
This week’s Mining Capital event showcased a sector that’s beginning to enjoy rude health
It was standing room only at the Mining Capital conference held this week at the Brewery in London
European Lithium board purchases over $110,000 of stock on-market
The company recently completed a pre-feasibility study at its Wolfsberg Lithium Project.
European Lithium says took part in the third high level meeting of the European Battery Alliance in Brussels
European Lithium noted that the EBA is calling on the European industry to take advantage of the global market for batteries, which is expected to reach €250bn annually by 2025; supporting members all along the supply chain
European Lithium zone II drilling results pave way for increase in lithium resources at Wolfsberg
The results from surface drilling in zone II demonstrate widths and grades higher than in zone I.
Cape Lambert Resources director buys shares on market
Stefan Müller has played a pivotal role in Cape Lambert's growing global shareholder base.
European Lithium's PFS shows Wolfsberg's economic viability and demonstrates upside
The resource metrics and mine program that will be used in the DFS could result in a higher valuation being attributed to the project.
European Lithium updates on sale of non-core project, PFS expected this week
The Paynes Find Gold Project was sold for $500,000 cash and $500,000 shares.
European Lithium hits 10-metre intersection in Zone II, nearly double the widest intersection of Zone I
Preliminary drill results reveal Zone II's lithium resource expansion potential for Wolfsberg.
European Lithium's resource expansion and project studies could provide momentum in 2018
Chairman Tony Sage says the key number in the prefeasibility study will be the net present value.
Latin Resources appoints consultants to build relations in Germany
Frankfurt-based DGWA has assisted European Lithium in a similar capacity.
European Lithium eyes increased resource in Austria as it restarts drilling
The company is well funded with circa $6.8 million in cash following successful capital raisings.
European Lithium awarded number one newcomer award by Boerse Social
The number one ‘Company Newcomer’ award coincides with Wolfsberg drilling start.
European Lithium has cash in the bank as it prepares to start targeted drilling program
Receipt of permitting would significantly de-risk the Wolfsburg Lithium Project.
European Lithium becomes a substantial shareholder in Cervantes Corporation
European Lithium remains focused on the Wolfsberg Lithium Project.
European Lithium settles sale of Western Australian gold project
The company is focusing on its Wolfsberg Lithium Project in Austria.
European Lithium attracts first research from Europe
There is growing interest in the stock from institutional investors.
Proactive mining highlights: Wishbone Gold, Rainbow Rare Earths, Kingsgate Consolidated, Danakali, Thor Mining and others
A number of retail investor favourites had news this past week.
European Lithium raises $5 million in heavily oversubscribed placement
Funds will assist in advancing the Wolfsberg Lithium Project in Austria.
European Lithium raises capital at premium to fund resource expansion activities
The capital raising will assist in further developing the Wolfsberg Lithium Project.
Cape Lambert Resources' European expansion assisted by board appointment
Stefan Müller will facilitate the company's European expansion.
European Lithium takes advantage of positive share re-rating
The halt will remain in place until Wednesday 7th December 2017.
European Lithium chairman Tony Sage increases shareholding further
Shares have been rising over the past week, up nearly 40% to $0.25.
European Lithium’s share price strengthens further on positive news flow
During October, European Lithium completed a placement raising $2.3 million.