European Green Transition (AIM: EGT), a company developing green economy assets in Europe, is pleased to announce the granting of a three year extension for the Pajala copper-graphite licences (Liviovaara 101 and Lehtosolka 101) located in Northern Sweden.
The licence extensions have been granted by Bergsstaten, the Swedish Mining Authority, for a further three years until March 2028, following assurance that sufficient work has been completed to progress the Pajala copper-graphite project. The license extensions provide the Company with additional security to advance discussions with third parties as EGT seeks to sell or partner the project. Further updates on this process will be provided in due course.
Daniel Akselson, Non-Executive Chairman, commented:
“Securing the three year extensions on our Pajala copper-graphite project is a critical and timely step for EGT. The strength and resilience of copper prices highlights its critical role in the electrification of the global economy and continues to make European copper projects attractive to third parties.
The length of the extension term is a key factor for any potential incoming acquiror or partner, providing them with sufficient time to plan the next stage of project development. We remain focused on monetising both the Olserum rare earth and Pajala copper projects in Sweden as we focus our resources on acquiring revenue-generating businesses supporting the green energy transition.“
-ENDS-
Enquiries
European Green Transition plc
|
Aiden Lavelle, CEO |
+44 (0) 208 058 6129 |
|
Jack Kelly, CFO |
Notes to Editors
European Green Transition plc (quoted on the AIM market of the London Stock Exchange under the ticker “EGT”) is a business operating in the green transition space in Europe. EGT intends to capitalise on the opportunities created by Europe’s transition to a green, renewables-focused economy and plans to expand its existing portfolio of green economy assets through M&A, targeting revenue generating businesses that support the green transition.
For more information, please go to www.europeangreentransition.com or follow us on X (formerly Twitter ) and LinkedIn.
