European Lithium Releases Greenland Rare Earth Project's Mineral Resource Estimate

MT Newswires Live

Mar 13, 2025

European Lithium (ASX:EUR) reported a maiden mineral resource estimate of 45 million tonnes at 0.4% total rare earth oxides from the Tanbreez Project in Greenland, according to a Thursday Australian bourse filing.

NASDAQ-listed Critical Metals completed an initial investment and stage 1 interest to hold a 42% stake in Tanbreez, after entering into a heads of agreement in June 2024 with Rimbal to acquire up to 92.5%.

Critical Metals completed due diligence and is preparing a report for filing with the US Securities and Exchange Commission. It has also undertaken a recent drilling program for confirmation, extension, and infill drilling.

European Lithium is Critical Metals's largest shareholder and as such now considers the project to be material. Together both firms hold a combined interest of 49.5% in the project.

European Lithium's shares rose 9% on market close on Thursday.

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It has also undertaken a recent drilling program for confirmation, extension, and infill drilling.</p><p>European Lithium is Critical Metals's largest shareholder and as such now considers the project to be material. Together both firms hold a combined interest of 49.5% in the project.</p><p>European Lithium's shares rose 9% on market close on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLS.AU","symbol_name":"PLS Group Ltd","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2519741090","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519741090","pubTimestamp":1741843501,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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It has also undertaken a recent drilling program for confirmation, extension, and infill drilling.European Lithium is Critical Metals's largest shareholder and as such now considers the project to be material. Together both firms hold a combined interest of 49.5% in the project.European Lithium's shares rose 9% on market close on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}