European Green Transition PLC

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Shareholder value is key for European Green Transition

 

“…this has the potential to be the first commercial rare earth mine in Europe. So we’re talking to a number of parties and how best to structure a partnership down the line once we can really increase the value from showing the district scale potential from our drill programme which will commence in H2…”

 

When European Green Transition Plc ‘EGT’ came to market in April 2024, it did so with a portfolio of licences that had the potential to contribute to the energy transition economy.

Its primary licence is the Olserum Rare Earths project in southern Sweden which has a high proprtion of high value rare earth elements namely dysprosium, neodymium and terbium.

Online search engines and the company’s own website will explain their importance, and a recent shareholder update revealed the high grade results from samples taken from the asset.

Chief executive Aiden Lavelle has extensive experience in Sweden and is qualified when he says that “this has the potential to be the first commercial rare earth mine in Europe. So we’re talking to a number of parties and how best to structure a partnership down the line once we can really increase the value from showing the district scale potential from our drill programme which will commence in H2.”

Monetising this asset in the near to medium term is a key focus for management which from a leadership perspective is largely known as an Irish company with the executives predominantly Irish born.

Closer to home and one typically associated with Ireland is the company’s prospective carbon credit project which if it goes ahead will see the development of a peatland carbon sink programme in County Donegal.

This opportunity is in the due diligence phase in Donegal but it’s not just coals to Newcastle because globally peat can absorb carbon dioxide and covers not just Ireland but three percent of the world’s surface.  The idea is to create a cost-efficient proof of concept closer to Plc HQ home and one that EGT hopes to ‘monetize and commercialise over the coming year.’

Joining Sarah Lowther in this interview is CEO Aiden and CFO Jack Kelly who emphasises the revenue-sharing and M&A driven model that the company is following to swiftly create shareholder value.

 

Access the recent corporate presentation 

 

Read the company’s IPO Admission document

 

Follow the company on ‘X’ @EuropeanGreenT

 

The author was remunerated but does not hold shares in the company

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