European Green Transition, a rare earths asset developer, commenced trading on the London Stock Exchange’s AIM market today with 144,620,892 ordinary shares, marking a market value debut of £14.5 million. The company’s admission follows a placement, subscription, and retail offer, issuing 64,620,890 shares at 10p each, generating gross proceeds of £6.4 million. Formerly known as European Green Metals, EGT’s primary asset is the Olserum rare earth element (REE) project in Sweden, positioning it as a potential pioneer in Europe’s rare earths mining sector. EGT’s strategy involves leveraging the Olserum asset through potential sales or partnerships with financial institutions or industry stakeholders, rather than direct mining operations.
LATEST NEWS
-
First Quantum Minerals Launches Extensive Geological Survey Project in Kazakhstan
29/04/2024
-
MetalsTech Secures 10-Year Extension for Sturec Gold Mine Operations in Slovakia
29/04/2024
-
Women Lead Fight Against Copper Mine Pollution in Eastern Serbia
29/04/2024
-
Aurubis Launches Ambitious Investment Program in Bulgaria
29/04/2024
