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.
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