European Lithium Reports Significant Resource Expansion from Greenland Project

Recent drilling outcomes from European Lithium's Tanbreez rare earths initiative in Greenland point to substantial resource growth potential. The company, which holds a 37.5% stake in the project operator Critical Metals Corp, announced highly encouraging assay results from its 2025 campaign, highlighting both grade and continuity.

The financial standing of European Lithium appears robust. Its stake in Critical Metals Corp is presently valued at approximately 769 million Australian dollars. Furthermore, the company's cash reserves were bolstered to around $356 million following a strategic sale of 2.5 million Critical Metals shares for about $45 million in early February 2026. No additional share sales are anticipated in the immediate four-month period.

While drilling continued at the established Fjord deposit, a newly targeted zone, designated Area B, delivered particularly compelling results. The mineralization there spans a corridor extending 1.75 kilometers, demonstrating both breadth and consistency.

Notable intercepts from Area B include:
* Hole 25-D10: 132 meters grading 0.46% TREO+Y from surface.
* Hole 25-D13: 128 meters grading 0.43% TREO+Y from surface.
* Holes 25-D16/25-D17: A combined 82 meters grading 0.44% TREO+Y in stacked intervals.

Grades across the area ranged from 0.35% to 0.61% TREO+Y. A strategically significant detail is the consistent presence of heavy rare earth oxides (HREO), which constituted between 21% and 27% of the total. These elements command premium pricing and are critical for advanced permanent magnet manufacturing.

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Established Fjord Deposit Shows Further Promise

The known Fjord deposit also returned solid assays, confirming its ongoing potential. Drill hole 25-D14 intersected 38 meters at 0.38% TREO+Y from a depth of 21 meters. Meanwhile, hole 25-D15 hit 55.5 meters grading 0.41% TREO+Y starting from just two meters below surface.

The shallow nature and consistent grade of this mineralization support plans for further drilling to expand the resource, particularly at the deposit's northeastern extent.

By-Product Metals Enhance Project Economics

Beyond rare earths, the Tanbreez ore body hosts several valuable companion elements, including gallium, hafnium, yttrium, cerium, niobium, tantalum, and zirconium. These metals are growing in importance for sectors such as semiconductor fabrication, defense technology, and other high-tech applications. The project's distinct profile, characterized by its high proportion of critical heavy rare earths, differentiates it from many competing deposits.

Corporate and Operational Developments

On February 10, 2026, European Lithium applied to list 253,787 new shares on the Australian exchange. These shares originate from the exercise of existing conversion instruments.

Planning for the 2026 drilling season is already underway. The program will focus on delineating the full scale and continuity of the mineralization and on gathering data for future resource studies. With strengthened finances and a growing resource base, European Lithium is positioning itself as a well-equipped participant in the critical minerals sector.