First Berlin Equity Research has published an updated report on European Lithium Limited (ISIN: AU000000EUR7), maintaining its BUY rating and raising the 12-month price target from €0.14 to €0.22. Analyst Simon Scholes highlighted the company’s 45% stake in NASDAQ-listed Critical Metals Corp $(CRML)$, which holds the Wolfsberg Lithium Project in Austria. The report emphasizes recent development progress at CRML’s Tanbreez rare earths project in Greenland, including a new resource estimate, preliminary economic assessment, and offtake agreements. First Berlin’s valuation now focuses on the Tanbreez project, reflecting its expectation that it will be central to European Lithium’s medium-term growth.

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