European Lithium (ASX:EUR) has requested a voluntary suspension from the Australian Securities Exchange (ASX) which became effective today (19 February 2024).
The voluntary suspension is requested pending an announcement by the company regarding an update on the potential investments from strategic parties.
European Lithium requests to extend the suspension until the earlier of the release of these announcements, or prior to the trading on Monday 26 February 2024.
The company had on 14 February had requested another suspension extension until the earlier of the release of aforesaid announcements, or prior to the commencement of trading on today.
In January, this service reported the company and New York-listed special purpose acquisition company Sizzle Acquisition Corp (NASDAQ:SZZL) were seeking an extension of business regarding the merger transaction.
As Mining.com.au previously reported, the merger includes European Lithium’s wholly owned Wolfsberg Lithium Project in Austria combining with newly formed lithium developer and explorer Critical Minerals Corp (CRML).
Sizzle had then filed a preliminary proxy statement with the US Securities Exchange (SEC) related to a special meeting of the company’s stockholders to extend the date.
Write to Adam Orlando at Mining.com.au
Images: European Lithium
