European Lithium Acquisition, Valuation & Financials

European Lithium was acquired by Critical Metals for $835M in October 2026.

European Lithium acquisition price

$835M

Acquired by Critical Metals · Oct 2026

European Lithium market cap before the deal

$478M

ASX: EUR · Oct 2026

European Lithium Overview

About European Lithium

European Lithium Ltd focuses on lithium exploration in Austria and holds an interest in Tanbreez Mining Greenland A/S, which has a rare earth exploitation permit in Greenland. The Group’s main projects include Wolfsberg, Bretstein-Lachtal, Klementkogel, Wildbachgraben, Weinebene, and Eastern Alps projects in Austria, Leinster Lithium in Ireland, and Dobra and Shevchenkivske projects in Ukraine. This portfolio emphasizes lithium and rare earth mineral exploration across Europe and Greenland. The company operates in Australia, Austria, and Greenland.


Founded

2010

HQ

AustraliaPerth

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$835M (acquired Oct 2026)

European Lithium Acquisition

European Lithium was acquired by Critical Metals for $835M on 27 October 2026.

Critical Metals Corp, a Nasdaq-listed critical minerals exploration and mining company, acquired 100% of the issued share capital and all listed options of ASX-listed European Lithium in October 2026, when the Court-approved schemes of arrangement became effective. The acquisition was agreed in April 2026 and is structured as a share scheme and an option scheme under Australian corporate law, with implementation expected on 5 November 2026. European Lithium shareholders receive 0.045 new Critical Metals Corp shares for each share held. Based on the exchange ratio and the unaffected closing price on 22 April 2026, total consideration payable to European Lithium equity holders was approximately US$835 million. Critical Metals said the deal lets it consolidate 100% of the Tanbreez rare earth project in Greenland, in which European Lithium owns 7.5%, and adds European Lithium's cash balance of about AUD 306 million as of March 2026. European Lithium is a Perth-based company developing the Wolfsberg lithium project in Austria and holding a stake in Tanbreez through its holding in Critical Metals.

European Lithium acquisition details
AcquirerDateTypePrice
27 Oct 2026Strategic M&A$835M

Sources: criticalmetalscorp.com, globenewswire.com

European Lithium as a Public Company

European Lithium traded as ASX: EUR before it was taken private. Its acquisition was announced in October 2026. October 2026 is its last month on record as a listed company, with a market cap of $478M and an enterprise value of $269M.

Over the 4 years before that, its market cap grew from $84M in October 2022 to $478M.

European Lithium market cap while listed

European Lithium financials and trading multiples by year while listed
As ofMarket cap
Oct 2026$478M
Oct 2025$264M
Oct 2024$28M
Oct 2023$58M
Oct 2022$84M

Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month European Lithium traded.

Acquisitions by European Lithium

European Lithium has acquired 2 companies to date.

Last acquisition by European Lithium was on January 27th 2026. European Lithium acquired Velta for $20M.


Latest Acquisitions by European Lithium

Velta
LRH Resources
Description
Velta is a Ukraine-based producer of titanium raw materials through mining operations.
-
HQ CountryUkraineUnited Kingdom
HQ City
-
-
Deal Date27 Jan 202622 Apr 2024
Valuation$20M$10M
EV/Revenue
EV/EBITDA

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European Lithium Competitors

European Lithium competitors include listed companies like Faraday Copper, Pantoro Gold, IMC Rare Earths and MMTC, and private ones like EnergyX (Black Giant project unit) and Lilac Solutions.

Public and private companies comparable to European Lithium
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Faraday CopperCanadaCanadaPublicly listed-($20M)$828M-
Pantoro GoldAustraliaAustraliaPublicly listed$333M$185M$827M2.0x
IMC Rare EarthsBrazilBrazilPublicly listed-($3M)$824M-
MMTCIndiaIndiaPublicly listed$362K($32M)$850M-
EnergyX (Black Giant project unit)ChileAntofagastaPrivate--$900M-
Lilac SolutionsUnited StatesSan Francisco, CAPrivate--$750M-

European Lithium Public Comps

European Lithium is no longer listed, but its public comps include Faraday Copper, Pantoro Gold, IMC Rare Earths, MMTC, Osisko Gold Group, Develop Global, Maharashtra Seamless, Kardemir, SMI - Ste Metallurgique d'Imiter and TR Anadolu Metal.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Faraday Copper-($20M)--(36.3x)(23.9x)
Pantoro Gold$333M$185M2.2x2.0x4.0x3.8x
IMC Rare Earths-($3M)--(277.4x)-
MMTC$362K($32M)1830.5x-(20.8x)-
Osisko Gold Group$25M($111M)21.4x20.4x(4.9x)-
Develop Global$269M$30M3.1x2.5x27.3x11.7x
Maharashtra Seamless$484M$107M0.9x-3.9x-
Kardemir$1.3B$109M0.6x0.5x8.0x3.6x

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Common questions about European Lithium

When was European Lithium founded?European Lithium was founded in 2010.
Where is European Lithium headquartered?European Lithium is headquartered in Perth, Australia.
Is European Lithium publicly listed?No, European Lithium was acquired by Critical Metals in October 2026.
Who acquired European Lithium?European Lithium was acquired by Critical Metals in October 2026.
How much was European Lithium acquired for?European Lithium was acquired for $835M in October 2026.
Which companies are comparable to European Lithium?Companies comparable to European Lithium include Faraday Copper, Pantoro Gold, IMC Rare Earths, MMTC, EnergyX (Black Giant project unit) and Lilac Solutions.
What was European Lithium's market cap before the acquisition?European Lithium had a market cap of $478M in October 2026, its last month on record as a listed company.
How many companies has European Lithium acquired?European Lithium has acquired 2 companies, including Velta and LRH Resources.
What was the largest acquisition by European Lithium?The $20M acquisition of Velta in January 2026 is the largest acquisition European Lithium has made to date.

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