With lithium supply for EVs and other batteries tight and much of it coming with geopolitical baggage, one new SPAC deal is looking to put forward a lithium stock with less baggage.
Australia and Frankfurt-listed miner European Lithium (ASX:EUR) announced an $838 million deal in October to spin off its Wolfsberg lithium mine in Austria in a combination with Sizzle Acquisition Corp. The new Nasdaq-listed entity called Critical Metals would represent a pure Europe-based lithium mining play that already has offtake and processing agreements in hand.
This week, we speak with Critical Metals Chairman Tony Sage, who tells us how he expects the bump up to the Nasdaq to generate value for the company and what key milestones Critical Metals has to watch for as it gets its lithium out of the mine and into batteries.
Give it a listen.