EANS-News: European Lithium Limited / Termination of legal disputes

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Company Information

West Leederville - ECM Lithium AT GmbH, the operating group company of European Lithium in Carinthia, Austria, has today reached an agreement with Glock Gut-und Forstverwaltung GmbH as the owner of the properties to which the mining licenses and the exploration licenses of ECM Lithium AT GmbH relate and where exploration activities are taking place and lithium-bearing ore shall be mined in the future. This also brought legal disputes to an end.
In this context, it was clarified by an expert that there was never a risk to the groundwater and spring water of nearby communities in Styria, as the lithium deposit is located on the other side of the Koralpe and therefore there are no adverse effects.
Based on the agreement with Glock Gut- und Forstverwaltung GmbH, European Lithium Limited expects that the final feasibility study will be finished in 2021 or 2022 and that therefore the setting up of the mine could start between late 2022 and early 2023.

end of announcement euro adhoc

Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/documents/10207074/5/10732215/1/20210528_Glock_Settlement.pdf

issuer: European Lithium Limited
Harrogate Street 32
AU-WA6007 West Leederville
phone: +61 8 6181 9792
FAX:
mail: ir@europeanlithium.com
WWW: www.europeanlithium.com
ISIN: AU000000EUR7
indexes:
stockmarkets: Wien, Frankfurt
language: English

Digital press kit: http://www.ots.at/pressemappe/31529/aom

Rückfragen & Kontakt:

info@europeanlithium.com

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0001