European Lithium (EUR) Q1 2025 TU earnings summary

Executive summary

• Critical Metals Corp completed acquisition of a 42% stake in the Tanbreez Project, with EUR shareholders' value in CRML at US$422.3M as of 29 Oct 2024.

• JV with Obeikan Investment Group assigned to CRML; ongoing exploration at Austrian Lithium Projects and due diligence for Irish Lithium project acquisition.

• E47/4144 in Western Australia progressing through regulatory process; Ukraine projects on hold due to conflict.

Financial highlights

• Net cash used in operating activities for the quarter was $2.96M, including $1.44M CRML insurance costs expected to be repaid.

• Investing activities outflow was $1.04M, mainly for Wolfsberg ($572k) and Tanbreez ($466k).

• Financing activities net inflow of $709k, including $1.06M from CRML warrant exercise and $350k convertible loan note to Cyclone Metals.

• Cash and cash equivalents at quarter end were $2.44M, down from $5.78M at the start of the quarter.

Outlook and guidance

• Estimated quarters of funding available is 0.69; directors expect continued operations via asset realisation and loan repayments.

• No capital raising planned; company expects to remain a going concern based on financial asset sales and loan repayments.