European Lithium Sells $50M in CRML Shares as CRML Raises $50M for Greenland Project

• European Lithium sells 3.03 million CRML shares at US$16.50 each
• CRML completes a US$50 million private placement for Tanbreez Rare Earth Project
• European Lithium holds over 53 million CRML shares valued at approximately US$1.2 billion
• Significant valuation gap between European Lithium’s market cap and its CRML shareholding