European Lithium Limited (ASX:EUR) executed a binding Heads of Agreement to acquire Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD) for AUD 0.376 million on March 27, 2023. European Lithium will pay or issue AUD 0.25 million in cash, 2 million fully paid ordinary shares in European Lithium and 2 million unlisted options (AUD 0.12 each which expire 3 years from the date of issue) to be issued. The Completion of the Acquisition is conditional upon: Completion of due diligence within 3 months unless mutually agreed otherwise, The parties obtaining all necessary shareholder, regulatory and third party approvals required to complete the Acquisition, European Lithium incorporating a new Austrian entity, and Other conditions considered customary for a transaction of this nature. The transaction is subject to satisfaction or waiver of the conditions precedent, settlement is expected to occur on or before July 7, 2023.

European Lithium Limited (ASX:EUR) Completed the acquisition of Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD) on June 21, 2023.Transaction was completed after a completion of satisfactory Due Diligence process.