Irish-led firm sees ‘near future’ stake sale in Swedish rare minerals project

Cathal Friel’s European Green Transition hopes sale will allow it focus on revenue generating opportunities in the green energy transition

Cathal Friel’s European Green Transition hopes sale will allow it to focus on revenue-generating opportunities in the green energy transitionand focused on assets needed for the green energy transition, said it expects to sell or secure a partner “in the near future” for its key

EGT said in a statement on Tuesday that four holes drilled in August had confirmed “significant REE mineralisation” that points to it potentially being a large, so-called “district scale”, project. “The objective of our drill programme at the Olserum REE project was to de-risk the project and support the monetisation of the project in the near future,” said Aiden Lavelle, EGT’s chief executive.

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Cathal-Friel European-Council Sweden

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