European Lithium Shares Surge on Major Buyback and Strategic Positioning

European Lithium Limited has announced a substantial share repurchase initiative, signaling strong confidence in its current valuation. The program, authorized to acquire up to 135 million shares, represents approximately 10% of the company’s issued capital and carries a value of around A$12.6 million. Scheduled to commence on October 17, the buyback will continue through the end of March 2026.

Chairman Tony Sage stated that the board is firmly convinced the present share price fails to reflect the intrinsic value of the company’s assets. This conviction is partly rooted in European Lithium’s strategic holding in Critical Metals Corp, an investment that alone carries a market valuation of approximately A$678 million.

The market responded to the buyback announcement with immense buying pressure. On Monday,... Read more...