European Lithium

What European Lithium does

European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) is an Australian-listed mining exploration and development company headquartered in West Leederville, Perth. Its core asset is the wholly owned Wolfsberg Lithium Project, a hard rock spodumene pegmatite deposit located 270km southwest of Vienna in Carinthia, Austria, described as the first fully permitted lithium mine in Europe. The company aims to become the first domestic supplier of battery-grade lithium into an integrated European battery supply chain serving EV manufacturers and gigafactory customers in Germany, Hungary, Sweden, and Poland.

The underlying technology centres on conventional hard rock lithium extraction: laser-sensor ore sorting manages dilution in the +8-70mm size range, followed by flotation and magnetic separation to produce a 6% Li2O spodumene concentrate suitable for downstream conversion to battery-grade lithium hydroxide or lithium carbonate. Saleable co-products — ceramic-grade feldspar and glass-grade quartz — provide ancillary revenue optionality. Beyond Wolfsberg, the company has assembled a multi-commodity critical minerals footprint via a ~34% cross-holding in Critical Metals Corp (NASDAQ: CRML), which controls 92.5% of the Tanbreez Rare Earth Project in Greenland (4.7 billion tonnes resource, 25-27% HREE concentration), a 50:50 Romanian JV for rare earth processing, and a binding agreement to acquire 100% of Velta Holding, a US-headquartered titanium producer with Ukrainian assets.

European Lithium is pre-revenue with no commercial production. Its business model contemplates direct offtake sales of spodumene concentrate or downstream lithium chemicals to a narrow set of European battery manufacturers and EV OEMs through negotiated long-term agreements — a sales-led GTM targeting enterprise-level counterparties. A binding Scheme Implementation Deed signed 18 May 2026 with Critical Metals Corp values European Lithium at approximately US$835 million and would consolidate full Tanbreez ownership under a single entity, with European Lithium shareholders receiving 41% of the enlarged CRML group on closing in H2 2026. The transaction is subject to a shareholder vote (Q3 2026) and regulatory approvals, and European Lithium is maintaining at least AUD 330 million of net cash as a deal condition.

Name

European Lithium

Legal name

European Lithium Limited

Website

https://europeanlithium.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

European Lithium Limited is a pre-revenue Australian-listed mining developer of the Wolfsberg Lithium Project in Austria, targeting battery-grade lithium supply into the European EV battery supply chain, with a pending US$835M acquisition by Critical Metals Corp.

Ownership category

akta.pro rank

Product category

Lithium Mining

NAICS

Battery Manufacturing (33591)

SIC

Miscellaneous Metal Ores (1090)

akta.pro primary industry

Lithium Mining & Brine Extraction (IMAKAFAA)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

Keywords

• Lithium mining
• Spodumene concentrate
• Battery grade lithium
• Lithium hydroxide production
• Critical raw materials

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Personnel, Infrastructure, Others

Revenue model

1. Spodumene Concentrate Sales: Pre-revenue mining development company planning to sell spodumene concentrate (6% Li2O) produced at the Wolfsberg Lithium Project into the European battery supply chain.
2. Lithium Hydroxide / Lithium Carbonate Sales: Plans to convert spodumene concentrate into battery-grade lithium hydroxide and lithium carbonate for sale to European battery manufacturers and EV companies, aligning with the company's stated aim to be the first local lithium supplier into an integrated European battery supply chain.
3. By-product Sales (Feldspar and Quartz): The metallurgical process at Wolfsberg yields feldspar in ceramic quality and quartz in glass quality as saleable co-products for local industries, generating ancillary revenue streams.
4. Strategic Stake in Critical Metals Corp: European Lithium previously held a significant equity stake (approximately 34%) in Critical Metals Corp (NASDAQ: CRML), which was reduced through share sales and was to be cancelled as part of the $835M acquisition deal. The stake represented a financial investment stream prior to the consolidation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

European Lithium Limited is a publicly listed mining exploration and development company advancing its wholly owned Wolfsberg Lithium Project in Carinthia, Austria. The project is a hard rock spodumene deposit planned to produce lithium hydroxide and battery-grade lithium for European EV battery manufacturers, with feldspar and quartz generated as saleable co-products. The company is pre-revenue and aims to be the first domestic lithium supplier into an integrated European battery supply chain.

Product overview

European Lithium is a mining exploration and development company (ASX: EUR, FRA: PF8, OTC: EULIF) operating as a single-project-focused entity. The company's core offering is the Wolfsberg Lithium Project, a hard rock lithium deposit in Austria with a completed positive PFS (Pre-Feasibility Study). The company aims to be the first domestic lithium supplier into Europe's integrated battery supply chain, producing lithium hydroxide for electric vehicle batteries and battery manufacturers.

Differentiator

Problem solved

Functional benefit

Products and services

• Wolfsberg Lithium Project A wholly owned hard rock lithium (spodumene) deposit located 270km southwest of Vienna in Carinthia, Austria, planned to supply battery-grade lithium hydroxide into the European battery supply chain. Targeted at European EV manufacturers and battery cell producers seeking domestic lithium supply.
• Spodumene Concentrate (6% Li2O) Planned flotation and magnetic separation product yielding spodumene concentrate with greater than 6% Li2O content for sale to converters or further downstream processing. Targeted at lithium hydroxide and lithium carbonate converters serving European battery manufacturers.
• Lithium Hydroxide (battery-grade) Planned battery-grade lithium hydroxide for sale into an integrated European battery supply chain, intended for electric vehicle battery cell manufacturers.
• Feldspar and Quartz Co-Products Ceramic-grade feldspar and glass-grade quartz generated as co-products from the spodumene flotation process, planned for sale to local European ceramics and glass manufacturers.

Quantifiable outcome

• First fully permitted lithium mine in Europe, aiming to be the first local lithium supplier into an integrated European battery supply chain
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core, minor and major.

• Critical Metals Corp (CRML)coreStrategic or Co-development Partner · 18 May 2026European Lithium is the subject of a binding Scheme Implementation Deed signed 18 May 2026, under which Critical Metals Corp (NASDAQ: CRML) will acquire 100% of European Lithium's issued share capital for approximately US$835 million in an all-share deal. Upon closing (expected H2 2026), European Lithium shareholders will receive 0.035 Critical Metals shares per share held and own approximately 41% of the enlarged CRML group. The transaction consolidates 100% ownership of the Tanbreez Rare Earth Project in Greenland under Critical Metals. European Lithium's approximately 34% cross-holding in Critical Metals will be cancelled as part of the deal.
• Critical Metals Corp (CRML)coreStrategic or Co-development Partner · 27 April 2026European Lithium previously held an equity stake in Critical Metals Corp (approximately 34% of CRML outstanding shares), making it both a strategic partner and significant investor. European Lithium had sold portions of this stake to US institutional investors — including 3.85 million shares for US$50 million in October 2025 and 0.5 million shares for US$1.8 million in July 2025 — prior to the binding acquisition agreement.
• Prominvestbank (Ukraine)minorOthers · 3 April 2026European Lithium acquired Prominvestbank's claims against Velta Holding and related obligors through a Deposit Guarantee Fund auction, with a face value of approximately UAH 8.95 billion. The acquisition was completed as part of a bank liquidation process with a stated purchase price of approximately UAH 894.8 million. This debt acquisition was part of a broader transaction relating to the integration of Velta Holding into European Lithium's structure.
• Velta Holding (US-based titanium company)minorStrategic or Co-development Partner · 27 January 2026European Lithium signed a binding agreement to acquire 100% of Velta Holding, a US-based titanium company with production and mining assets in central Ukraine, via an all-scrip transaction involving approximately 173 million EUR shares (implied value of ~AUD 48–50 million). The acquisition marks European Lithium's strategic diversification from lithium into critical raw materials, targeting titanium supply chains for defence, aerospace, energy, and high-tech manufacturing. Velta is positioned as a priority project within US–Ukraine Mineral Resources Agreement cooperation discussions. Closing is subject to due diligence, customary conditions, and the security environment in Ukraine.
• Romanian Rare Earth Processing Joint Venture PartnermajorStrategic or Co-development Partner · 14 December 2025European Lithium secured a 50:50 joint venture partnership in Romania for rare earth processing, establishing a key facility in Western supply chain diversification away from China's approximately 80–85% dominance of global rare earth processing capacity. The partnership leverages European Lithium's Tanbreez project in Greenland (4.7 billion tonnes resource) while Romania provides processing infrastructure, regulatory compliance capabilities, and energy cost advantages approximately 20–30% lower than Western European averages. The facility is positioned to access EU funding through the Critical Raw Materials Act and Net-Zero Industry Act.
• ECM Lithium AT GmbHcoreOthersEuropean Lithium's Austrian subsidiary, ECM Lithium AT GmbH, operates the Wolfsberg Lithium Project in Carinthia, Austria. The subsidiary manages local operations, regulatory relationships with the Austrian mining authority, and European stakeholder communications. The subsidiary is the entity through which the company engages with Austrian government bodies and the Montanuniversität Leoben.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Infinity Lithium: Infinity Lithium is developing the San José lithium project in Spain — a European hard rock lithium asset also targeting European battery and EV offtake. It is one of the few direct European lithium competitors to European Lithium's Wolfsberg project, sharing geography, regulatory environment, and end-market focus.
• Piedmont Lithium: Piedmont is a U.S.-listed hard rock spodumene lithium developer with assets in North Carolina, Ghana, and Quebec, focused on supplying lithium into the U.S. and European battery markets. It is directly comparable to European Lithium in mining method, end-product focus (LiOH/Li2CO3), and pre-revenue development profile.
• Lithium Americas: Lithium Americas is developing two major lithium projects (Thacker Pass in Nevada and the Cauchari-Olaroz JV in Argentina, with the latter now held by Lithium Argentina). The Thacker Pass asset and its DOE-backed financing position make Lithium Americas a directly comparable pre-revenue-to-production lithium developer.
• Vulcan Energy Resources: Vulcan is developing lithium resources in the Upper Rhine Valley (Germany) via geothermal brine extraction, with the same objective of supplying battery-grade lithium into the European EV supply chain. Like European Lithium, Vulcan is a pre-revenue development-stage company targeting European gigafactory offtake — making it the closest geographic and strategic peer.
• Liontown Resources: Liontown is an Australian hard rock spodumene lithium developer (Kathleen Valley project, Western Australia) targeting battery-grade lithium for global EV OEMs. It shares European Lithium's hard rock (vs. brine) mining focus and pre-production status, and both are listed Australian miners with multi-billion-tonne resource bases.
• Sigma Lithium: Sigma Lithium operates one of the world's largest hard rock spodumene mines (Grota do Cirilo, Brazil), producing battery-grade lithium concentrate for global OEMs. As a hard rock producer already in commercial production, Sigma serves as both a comparable business model and a benchmark for European Lithium's eventual operating economics.

Broad incumbents

• Albemarle Corporation: Albemarle is the world's largest lithium producer, with diversified brine and hard rock operations across Chile, Australia, and the U.S. As a broad incumbent, it competes with European Lithium at the offtake level and sets the global benchmark for lithium pricing, ESG standards, and downstream conversion economics.
• SQM (Sociedad Química y Minera de Chile): SQM is one of the world's largest lithium and specialty chemicals producers, primarily from Chilean brine operations. It represents the global incumbent benchmark for lithium production economics and downstream LiOH/Li2CO3 conversion that European Lithium is targeting as an end market.

Emerging players

• Core Lithium: Core Lithium is an Australian hard rock spodumene producer (Finniss project, Northern Territory) that has moved from development into commercial production. As an Australian-listed peer at a similar development stage to European Lithium, it offers relevant operational benchmarks for spodumene project ramp-up and offtake execution.

Others

• European Battery and Critical Minerals Sector (Critical Metals Corp as ecosystem participant): Critical Metals Corp (CRML) is the NASDAQ-listed acquirer of European Lithium and controls the Tanbreez rare earth project. While not a direct competitor, it is the principal counterparty in European Lithium's pending $835M Scheme and the entity that will consolidate Wolfsberg and Tanbreez under a single corporate umbrella — making it the most material ecosystem participant.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/EuropeanLithium
• YouTubeyoutube.com/channel/UCSJbvnOAkG9tZwM64cF2gCA
• LinkedInlinkedin.com/company/european-lithium-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about European Lithium