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Reported Late Monday, Critical Metals, Europe's First Fully Licensed Lithium Mine Agrees To Go Public On The Nasdaq Through A Business Combination With Sizzle Acquisition Corp.

Benzinga Real-time News ·  Oct 25, 2022 01:01
  • Critical Metals will own European Lithium's Wolfsberg Lithium Project located in Wolfsberg, Austria, 270 kilometers south of Vienna, which is expected to be the first licensed lithium mine in Europe
  • Based on pre-feasibility study, mine expected to supply approximately 10,500 metric tons of lithium concentrate annually starting in 2025, enough material to power approximately 200,000 EVs per year; results of definitive feasibility study expected in early 2023
  • Key strategic customer offtake MOU with global automotive powerhouse, BMW AG, expected to create one of the largest ever direct OEM pre-pays in the lithium mining industry
  • Project has completed pilot test work through independent...
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