European Lithium Limited has received a grant of new mining licenses and extensions for the Wolfsberg Lithium Project (Wolfsberg Project) in Austria, after a public hearing conducted by the Austrian Mining Authority.

Tony Sage, Chairman, European Lithium, said: “The grant of these mining licenses further reinforces our belief that Wolfsberg will be the first local producer of battery grade lithium in Europe to fuel the green energy transition. The Wolfsberg Project benefits from Austria’s robust and mature mining industry that reflects many of the aims of the EU’s proposed Critical Raw Materials Act, including a fast track for critical projects like ours.”

The grant of new licenses and extensions grows the company’s Wolfsberg Project to a total of 20 licenses, nearly doubling the footprint for the underground mining operations.

Dietrich Wanke, CEO, commented: “The grant of the new mining licenses, and license extensions, provides significant upside to mining operations in the future. We are encouraged by this successful grant as we move toward operational readiness of the Wolfsberg Project.”