European Lithium Strengthens Exposure to Tanbreez Development

About European Lithium Ltd

European Lithium Ltd (ASX: EUR) is an ASX-listed exploration and development company focused on strategically located lithium and rare earth assets across Europe and selected international jurisdictions. The company’s flagship lithium asset is the Wolfsberg Lithium Project in Austria, the first fully permitted lithium mine in Europe, positioned to support the continent’s rapidly expanding electric vehicle and battery supply chain. In addition to lithium, European Lithium has established a significant presence in rare earth elements through its substantial equity interest in Critical Metals Corp, which is advancing the globally significant Tanbreez rare earths project in southern Greenland.

As Europe intensifies efforts to localise critical mineral supply chains and reduce reliance on external sources, assets such as Wolfsberg and Tanbreez are taking on heightened strategic importance. The latest investment by Critical Metals into advanced on-site analytical capability at Tanbreez underscores the transition of the project from exploration toward pre-mining pilot operations and reflects European Lithium’s broader strategy of building exposure to high-quality, geopolitically strategic critical mineral developments.

Acquisition of the Integrated Mobile Geochemical Analysis Centre

Critical Metals Corp has approved and ordered a fully turnkey Integrated Mobile Geochemical Analysis Centre from Bromet, a specialist provider of advanced mining laboratory solutions. The facility represents an investment of approximately US$1 million and is designed to support ongoing development of the Tanbreez rare earths project, including pilot plant operations and future drilling programs.

The laboratory is expected to be acquired by Critical Metals and operated exclusively for the company by trained Greenlandic personnel. Analytical results will be subject to oversight and validation by an appropriately accredited independent third party, ensuring data quality and compliance with regulatory and reporting standards.

Management has described the acquisition as a transformative milestone, enabling laboratory-grade geochemical analysis to be performed directly at site and significantly accelerating the flow of high-quality data used for exploration, grade control and mine planning decisions.

On-Site Analytical Capability and Technical Advantages

At the core of the mobile laboratory is a Bruker M4 Tornado Plus 26S Micro XRF system, integrated with automated sample preparation and geochemical software. The facility is designed to generate full rare earth element assay results in approximately 80 minutes, compared with weeks for traditional off-site laboratory processing in remote regions.

The system enables a “mine-to-data” workflow, incorporating crushing, pulverising, drying and representative sub-sampling before automated XRF analysis. Two customised 40-foot modular units house the facility, with one dedicated to high-throughput sample preparation and the other to climate-controlled analytical processing. This configuration is specifically designed to operate under Greenlandic conditions and meet stringent occupational health, safety and environmental standards.

By reducing sample transport requirements and minimising handling delays, the facility is expected to improve exploration efficiency, sharpen real-time decision-making and enhance operational execution across Tanbreez development activities.

Supporting Project Advancement and Resource Expansion

The introduction of on-site assay capability is expected to materially support Critical Metals’ proof-of-concept pilot plant and future drilling campaigns at Tanbreez. Faster assay turnaround will enable more responsive drilling strategies and assist in evaluating potential extensions or upgrades to the project’s mineral resource base in line with applicable regulatory frameworks.

Timelier data availability is also expected to improve engagement with potential offtake partners and stakeholders by providing more current and detailed information on product quality and scale. For European Lithium shareholders, this translates into accelerated value progression of its investment in Critical Metals and greater transparency around Tanbreez’s long-term development pathway.

ESG Alignment and Local Capacity Building

The modular laboratory solution aligns closely with environmental, social and governance considerations. By reducing the need to ship large volumes of samples off-site, the facility lowers transport emissions and logistical complexity. Integrated dust extraction, safety interlocks and environmental controls further support responsible operations.

Importantly, the facility will be operated by trained Greenlandic personnel, contributing to skills development and local employment as the project advances. Management has highlighted this approach as part of a broader commitment to building local capacity and ensuring that Tanbreez delivers long-term benefits to host communities.

European Lithium’s Strategic Exposure

European Lithium currently holds 53,036,338 ordinary shares in Critical Metals, equivalent to a 44.98 per cent ownership interest. Based on Critical Metals’ closing share price as at 13 January 2026, this stake is valued at approximately US$783 million, highlighting the material contribution of Tanbreez to European Lithium’s asset portfolio.

In parallel, the Wolfsberg Lithium Project in Austria continues to represent a cornerstone asset, offering near-term production potential in a market increasingly focused on secure, low-carbon lithium supply. Together, these assets position European Lithium at the intersection of Europe’s lithium and rare earth supply strategies.

Outlook

The deployment of the Integrated Mobile Geochemical Analysis Centre is expected to commence following receipt of relevant regulatory approvals in Greenland. Once operational, the facility is anticipated to play a central role in advancing Tanbreez through its next development phases, supporting pilot operations and future feasibility work.

For European Lithium, the milestone reinforces the value embedded in its Critical Metals investment and highlights ongoing progress toward building a diversified portfolio of high-impact critical mineral assets.