European Lithium (EUR) Q1 2026 TU earnings summary

Executive summary

• Raised A$5.2m from sale of 1m CRML shares during the quarter, with a further A$183m raised post-quarter from additional CRML share sales.

• Combined cash position of A$325m as of announcement date, with A$195.5m held by the company and A$129.5m by CRML.

• Significant progress in exploration and drilling at Tanbreez, with high-grade rare earth and gallium oxide results.

• Mobilization of Irish Lithium exploration crews and completion of energy supply corridor planning at Wolfsberg Project.

Financial highlights

• Cashflows from operating activities were A$2,827k (A$706k for the company, A$2,121k for CRML and subsidiaries).

• Investing activities included A$3,334k for Tanbreez, A$615k for Wolfsberg, Austrian, Irish, and Australian projects.

• Proceeds of A$5,266k from sale of CRML and L1M shares.

• Net cash outflow for the quarter was A$6,482k, ending with A$13,539k in cash and cash equivalents.

• Estimated 3.57 quarters of funding available at current expenditure rates.

Outlook and guidance

• Expectation to publish upgraded Tanbreez resource statement in Q1 or Q2 2026, pending successful assay results.

• Ongoing project financing discussions for Wolfsberg Project as it nears a build decision.

• Anticipated commencement of energy corridor construction at Wolfsberg in H1 2025.