European Lithium (EUR) Q3 2026 TU earnings summary

Executive summary

• Raised US$115.16m (A$167.61m) from the sale of 7.5 million CRML shares during the quarter.

• Entered a non-binding agreement for CRML to acquire 100% of the company at an implied valuation of $0.58 per share.

• Advanced exploration at Austrian, Irish, and Greenland projects, including 3,430m of diamond drilling at Tanbreez.

• Announced acquisition of Velta Holding, expanding into titanium and critical materials.

Financial highlights

• Net cash from operating activities was $1.35m for the quarter, with $2.0m interest received.

• Investing activities generated $158.9m net cash, mainly from asset sales.

• Financing activities resulted in a net outflow of $38.8m, including share buy-back and option exercises.

• Cash and cash equivalents at quarter end were $306.4m.

Outlook and guidance

• Ongoing exploration and drilling at Tanbreez and Irish lithium projects.

• Further infill drilling and resource upgrades planned for Greenland projects.

• Continued progression of Wolfsberg Project towards operational readiness, pending regulatory and legal outcomes.