EGT CEO on critical mineral opportunities and partnerships – Resourcing Tomorrow 2024 [Video]

European Green Transition PLC (AIM:EGT) CEO Aiden Lavelle joined Proactive’s Stephen Gunnion at Resourcing Tomorrow 2024 with more on the company’s focus on opportunities in the green economy and its rare earth deposit project in Sweden.

Lavelle detailed EGT’s efforts to de-risk the project through scout drilling and stakeholder engagement, noting that all 13 drill holes hit mineralisation, with eight results already published. He emphasised the project’s potential to supply Europe with critical raw materials vital for EV motors, wind turbines, and other green technologies.

Discussing the EU’s Critical Raw Materials Act, Lavelle highlighted its role in supporting European projects like theirs, with a requirement that 10% of Europe’s demand for such materials comes from within the EU. He stated: “We see that as a very positive thing for our project and believe it will appeal to partners.”

Looking ahead, the company aims to finalise its drill results, explore partnerships, and pursue additional opportunities, ultimately aiming to transition into a revenue-generating company in 2024.