European Green Transition (AIM: EGT) Interim results and M&A strategy update

European Green Transition (AIM: EGT), a company which aims to capitalise on the opportunities created by the green energy transition in Europe, announces its unaudited results for the six months ended 30 June 2025.

European Green Transition: From Exploration to Execution at The Investor Summit

Highlights

·    Extension of the Olserum Rare Earth Elements (“REE”) project licenses in Sweden until June 2029, following the successful completion of the Olserum REE drill programme in H2 2024 which confirmed the district scale potential for REEs at Olserum

·    Successful extension of the Pajala Copper-Graphite project licenses in Sweden for a further three years, now valid until March 2028

·   Secured a six-month extension to the Altan Carbon Credit project option agreement at no additional cost as discussions progress with key stakeholders to assess the near-term revenue potential of the project

·  Positive engagement with multiple parties regarding the sale and/or partnership of EGT’s exploration assets amid positive market tailwinds as the Company continues to focus its resources away from natural resources and mining to focus on revenue-generating businesses

·   EGT remains well capitalised with £2.9 million cash (as at 30 June 2025) with no debt or committed costs

·   Cathal Friel, the Company’s co-founder and largest shareholder, assumed the role of Non-Executive Chairman in mid-April 2025 and transitioned to the Executive Chairman role from 30 June 2025, where he is leading EGT’s M&A strategy

·    Daniel Akselson remains on the Board as Non-Executive Director and continues to chair the Audit Committee

M&A strategy update

EGT has identified and continues to engage with a range of distressed, revenue-generating acquisition targets available at attractive valuations. This is in line with EGT’s previously stated strategy to reallocate its resources towards acquiring revenue generating businesses – announced alongside Cathal Friel’s appointment as Chair on 4 June 2025. Given the uncertainty and challenging long-term prospects faced by many businesses focused on the green economy, EGT is also evaluating opportunities in other sectors alongside its existing pipeline of green economy opportunities. This includes areas in which EGT’s management team has extensive experience in transforming distressed businesses into sustainable, profitable companies. As a result, the Board believes that this may be the optimal approach for allocating EGT’s capital resources and delivering long-term, sustainable returns to shareholders, therefore will continue to evaluate opportunities beyond the green economy.

Cathal Friel, Co-founder and Executive Chairman, commented:

“We continue to execute on our strategy to reallocate our resources away from exploration and mining towards acquiring and transforming distressed, revenue-generating businesses. Over the past six months we have made significant progress in identifying and engaging with potential acquisition targets.  We continue to see a range of promising acquisition opportunities across the green economy and other sectors. Given our strong track record of transforming distressed businesses, we will evaluate these opportunities and prioritise deals where we can deliver sustainable, long-term returns for our shareholders.

Elsewhere across our exploration and mining portfolio, we have successfully extended the key licenses for our Olserum REE and Pajala Copper-Graphite projects in Sweden, ensuring these assets remain well-positioned for potential sale or partnership opportunities. The Olserum REE project in particular continues to attract interest with REE prices increasing substantially in recent months, as ongoing geopolitical uncertainty has created significant and global disruption to critical industries such as automobiles, defence and renewables. The U.S. Government’s direct investment in Mountain Pass Materials highlights the urgent global need to address the critical supply shortage, and bodes well for the potential of our Olserum REE project’s role in helping to secure Europe’s rare earth supply chains.

I recently stepped into the role of Executive Chairman of EGT, and I look forward to supporting the Company in its next phase of growth. As co-founder and the largest shareholder, my interests are fully aligned with those of our shareholders, and I am confident that the team can leverage its extensive M&A experience to replicate our success of transforming small-cap companies through M&A.”

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