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.
Company
ASX:EUR
European Lithium is a listed mining exploration and development company focusing on its wholly owned Wolfsberg Lithium Project in Austria. The company aims to be the first local lithium supplier into an integrated European battery supply chain.
249 stories · page 8 of 13
Muller also purchased 200,000 shares in April 2019 and 200,000 shares in May 2019.
The company has a strong position to serve a definite and growing market for lithium products in Europe.
The company is in a strong position to serve a definite and growing market for lithium products in Europe.
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.
The company aims to boost lithium resources at the Austrian project by around 45%.
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
Non-executive director Stefan Mϋller has accumulated a holding of 1.25 million shares after this week acquiring another 200,000.
The company is confident of sourcing early project finance utilising an upgraded resource and the current pre-feasibility study (PFS).
Investments and investor services
The company is undertaking a placement mainly to European-based sophisticated investors to raise up to €1.5 million.
FEL is acquiring lithium projects near Fortescue Metals Group discoveries in the Pilbara region of WA.
Investments and investor services
Non-executive director Stefan Mϋller has acquired 200,000 shares in an on-market transaction.
Sorting tests have demonstrated that ore “can be sorted in different ways to achieve repeatable and consistent high-quality products”.
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
Tony Sage has this week acquired a further 4 million shares, taking his total holding to more than 11.154 million.
Drilling, metallurgical test work and pilot processing for the Wolfsberg DFS are on the company’s agenda in 2019.
The company is fast-tracking the Wolfsberg Lithium Project in Austria.
Hardware & electrical equipment
Raw material has been delivered to Dorfner Anzaplan in Germany for processed into lithium carbonate or hydroxide.
The company is firming up supplies of copper and cobalt in the DRC and Zambia.
Investments and investor services
The listing is expected to increase the company’s exposure and access to Europe-based investment markets.