European Lithium (ASX:EUR) received net proceeds of over $1.6 million from the sale of 500,000 shares of New York-based Critical Metals (CRML) to a US institutional investor at $3.25 per share, according to a Wednesday filing with the Australian bourse.
The company's remaining stake in CRML is worth around $205 million, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.