European Lithium (ASX:EUR) said that the Austrian government extended Critical Metals' mining license for the Wolfsberg lithium project in Vienna, for a further two years, according to a Monday filing with the Australian bourse.
In 2022, the company agreed to merge with Sizzle, a US special purpose acquisition company, and sell down its interest in the project to create Critical Metals.
European Lithium currently owns 48 million shares in Critical Metals.
Shares of the company fell 9% in recent Monday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments