REG - European Green Trns. - Extension granted for exploration licences

European Green TransitionAnnouncement

08/04/2025 07:00

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RNS Number : 0090E  European Green Transition PLC  08 April 2025

08 April 2025

European Green Transition plc

("European Green Transition", "EGT" or "the Company")

Pajala copper licence extensions secured

 

Successful extension granted for exploration licences

 

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

Panmure Liberum - Nominated Adviser and Broker

 James Sinclair-Ford / Dougie McLeod  + 44 (0) 20 7886 2500

 Mark Murphy / Rauf Munir

 

Camarco - Financial PR

 Billy Clegg, Elfie Kent, Lily Pettifar, Poppy Hawkins  europeangreentransition@camarco.co.uk
                                                        (mailto:europeangreentransition@camarco.co.uk)

                                                        + 44 (0) 20 3757 4980

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
(https://www.europeangreentransition.com/)  or follow us on X (formerly
Twitter ) (https://twitter.com/EuropeanGreenT) and LinkedIn
(https://www.linkedin.com/company/european-green-metals-ltd) .

 

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