European Lithium Limited is a publicly listed mining exploration and development company dedicated to advancing its flagship Wolfsberg Lithium Project in Carinthia, Austria. Listed on the Australian Securities Exchange (ASX: EUR), the Frankfurt Stock Exchange (FRA: PF8), and the OTC-QB market in the USA (EULIF), the company is strategically positioned to become a key supplier of lithium hydroxide for Europe’s growing battery supply chain. European Lithium’s operations focus on extracting high-grade lithium from the Wolfsberg deposit, which is expected to play a critical role in meeting the rising demand for lithium-ion batteries, particularly in the electric vehicle (EV) sector.
The Wolfsberg Lithium Project is a high-grade resource with a total inventory of 12.88 million tonnes, featuring an average lithium oxide grade of 1%. Located near established road and rail infrastructure, the project is poised to efficiently supply European markets. European Lithium has also secured a binding long-term offtake agreement with BMW, solidifying its role in the European battery supply chain. With a commitment to sustainability and clean production methods, the company is actively supporting Europe’s transition to electric mobility and renewable energy solutions.
Battery Technology
European Lithium Limited is focused on supplying battery-grade lithium hydroxide, a critical component in the production of lithium-ion batteries. These batteries are widely used in electric vehicles, portable electronics, and renewable energy storage systems. Lithium hydroxide is preferred for its ability to enhance battery performance, including energy density and longevity, making it essential for high-performance EV batteries.
The company’s Wolfsberg Lithium Project is designed to produce lithium hydroxide through a sustainable and environmentally responsible process. By localizing production within Europe, European Lithium aims to reduce the region’s reliance on imported lithium and strengthen the continent’s battery supply chain. This approach not only reduces transportation costs but also aligns with EU policies promoting sustainability and local sourcing.
European Lithium’s focus on lithium hydroxide positions it to cater to the specific needs of European battery manufacturers, helping to meet the growing demand for EVs and renewable energy storage solutions. Its production methods emphasize clean energy practices, ensuring minimal environmental impact while supporting the global shift toward decarbonization.
Recent Projects
In recent years, European Lithium has made significant progress with its Wolfsberg Lithium Project. The company has completed a Definitive Feasibility Study (DFS), which indicates strong potential for high returns and low operating costs. Production of lithium hydroxide is expected to commence by 2027, pending funding and government approvals.
European Lithium has also expanded its portfolio by acquiring exploration licenses for additional lithium projects in Austria, including Bretstein-Lachtal, Klementkogel, and Wildbachgraben. These projects aim to further enhance the company’s lithium resources and exploration capabilities. Additionally, the company has released maiden drill results from the Tanbreez Project in Greenland, highlighting high-grade rare-earth elements and diversifying its critical minerals portfolio.
Investors
European Lithium has attracted a mix of institutional and individual investors. Major shareholders include Cyclone Metals Ltd. (4.332%), Mykhailo Zhernov (3.623%), and Tony Sage (1.910%). The company has also welcomed European investors with expertise in battery-related investments, reflecting confidence in its strategic positioning within the lithium market.
In December 2024, European Lithium raised AUD 2 million from institutional and sophisticated investors to advance its Leinster Lithium Project in Ireland. This funding underscores investor support for the company’s plans to develop sustainable lithium resources and contribute to Europe’s battery supply chain.
Business Details
Location: West Leederville, Western Australia, Australia
Website: https://europeanlithium.com
LinkedIn: https://www.linkedin.com/company/european-lithium/
