European Lithium Gains Momentum with Key Permit Extension and Strategic Diversification

European Lithium has secured vital regulatory breathing room for its flagship project while simultaneously expanding its strategic focus. In a significant development for its Nasdaq-listed subsidiary, Critical Metals Corp, the mining license for the Wolfsberg lithium project in Austria has been renewed for an additional two years. This move provides crucial planning certainty as the company also ventures into the titanium sector, against a backdrop of recovering lithium market demand.

The company's recent steps coincide with a notable rebound in the lithium market. Critical Metals Corp has pointed to a sustained six-month price recovery, driven primarily by increased demand from electric vehicle manufacturers and the energy storage industry. This improved pricing environment is bolstering the economic viability of European extraction projects like Wolfsberg as they approach final investment decisions.

Wolfsberg License Renewal: A Critical Path Unlocked

The Austrian government confirmed the extension of the Wolfsberg extraction permit in early February 2026. This renewal grants Critical Metals Corp the regulatory clarity needed during a critical financing phase. Management is now positioned to solidify the project's timeline, targeting a final production decision by the end of 2026.

This schedule is closely coordinated with partner Obeikan, which plans to construct a lithium hydroxide processing facility in Saudi Arabia. The extended license ensures the project remains on track to feed into this downstream supply chain.

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Key Project Milestones:
* Mining permit for Wolfsberg extended by two years (February 2026).
* Final investment decision anticipated by late 2026.
* Development synchronized with Obeikan's Saudi Arabian processing plant plans.

Portfolio Expansion into Titanium

In a strategic shift beyond lithium, European Lithium agreed to acquire Velta Holding in late January 2026. This all-stock transaction brings titanium assets into the company's portfolio. The acquisition provides access to existing mining and processing capabilities, with assets that may include sites in Ukraine. The move is designed to enhance supply security for industrial customers and establish a second operational pillar for the business.

Capital Management and Greenland Advancements

Investors are also monitoring capital allocation moves related to the Critical Metals stake. European Lithium has divested a portion of its CRML shares to bolster liquidity, while retaining controlling interest in the subsidiary.

Concurrently, progress continues on the Tanbreez project in Greenland. As of January 2026, the company has secured offtake agreements and confirmed high-grade mineralization zones there. This development underscores a dual-strategy approach focused on both lithium and rare earth elements.