EGT's strategy is to develop a portfolio of green economy assets in Europe, capitalising on Europe's green energy transition. The Company intends to implement a disciplined M&A focused model and has already built a portfolio of assets, notably its principal Olserum Rare Earth Element (REE) project, which has potential to be Europe's first commercial rare earths mine.
On admission the market capitalisation of the Company based on the placing and subscription price of 10 pence per Share was approximately £14.45 million.
Aiden Lavelle, Chief Executive Officer of European Green Transition, commented:
"Today's listing and placing is a crucial milestone for EGT and will accelerate our M&A growth pipeline. The funds raised will contribute directly to the energy transition, strengthening the Company's position to acquire distressed and undervalued green economy assets in Europe.
"I would like to thank our new and existing shareholders for their support and commitment to investing in the future. We are confident in our capability to deliver shareholder returns through developing a profitable and sustainable business, and I look forward to updating the market on future progress."
For more information please visit: https://www.europeangreentransition.com/
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