European investors will be able to trade the company’s ordinary shares in Euros in their own time zone
The listing will assist with market liquidity, broaden the company’s shareholder base and raise the company’s profile to support marketing activities in its region of operation as it focuses on opportunities to fast track production.
Tony Sage, non-executive chairman, commented:
"This is a positive step for the Company as we now have increased access to the European market which is very strong for critical commodities, such as lithium.
"Given our project is in Austria, it is important that the company can access investors in Europe."
Background
European Lithium, previously named Paynes Find Gold Ltd, relisted on the ASX during September after acquiring the Wolfsberg Lithium Project.
Wolfsberg has a JORC compliant inferred resource of 3.7 million tonnes at 1.5% lithium oxide.
The project has had 17,000 metres of drilling and 1,400 metres of declines, drives and crosscuts completed and installed by previous owners.
This previous work will allow the company to examine routes to fast track the development phase.
The previous owner has spent €11.53 million on acquisition and exploration.