European Lithium's Tanbreez Project Gains Positive Outlook

First Berlin Equity Research has updated its evaluation of European Lithium Limited, maintaining a "Buy" recommendation while increasing the price target from €0.14 to €0.22. The focus is primarily on European Lithium's venture with NASDAQ-listed Critical Metals Corp (CRML), where it holds a 45% stake. This partnership is crucial for accessing U.S. capital markets, particularly for the Austrian Wolfsberg Lithium Project and the Greenland-based Tanbreez rare earths project.

Significant development progress has been reported for Tanbreez in 2025. This includes a resource estimate and two offtake agreements in the U.S., alongside a Romanian joint venture for downstream processing with Nuclearelectrica. Additionally, despite an initial funding package indication of USD120m from the U.S. Export-Import Bank, the project's capital needs seem over-secured due to successful capital raises during market turbulence triggered by geopolitical tensions.