** European Lithium EUR.AX soars as much as 22.5% to A$0.049; biggest intraday pct gain since March 1

** Stock hits highest since July 26

** Lithium explorer gets notice from Carinthian government, stating that the co doesn't need an Environmental Impact Assessment for its Wolfsberg Lithium Project in Austria

** Says notice makes project first in EU to get fast-track approval in critical minerals sector

** About 4.3 mln shares traded, ~3.6x the 30-day avg

** Stock trims YTD losses to 54.3%

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))