30 Sept 2025other▼ Bad
ASX paused trading in EUR shares pending a further announcement. No reason given in the notice. Followed the next day by a suspension for a late periodic report (inference: the pause was related).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Sept 2025drilling result● Neutral
Assays from three more 2024 Fjord holes (D, E, F): TREO 0.40-0.42%, about 26% heavy rare earths, gallium oxide 93-99 ppm. Grades are lower than the earlier holes but close to the resource grade. Over 1,900m drilled in 2025; remaining assays pending.
27 Aug 2025material agreement▲ GoodMajor
CRML signed a non-binding letter of intent to supply up to 10,000 tonnes a year of Tanbreez rare earth concentrate to Ucore, about 10% of initial projected production. It is CRML's first named buyer, but definitive agreements remain subject to due diligence and commercial terms.
20 Aug 2025drilling result▲ Good
First assays from three more 2024 Fjord holes (A2, B, C): TREO 0.50-0.55%, about 25-27% heavy rare earths, gallium oxide about 90-100 ppm. Joins A1-24 and is consistent with the 0.38% resource grade. Nine holes still await assays.
19 Aug 2025capital raising announcement● Neutral
Prospectus offers options and shares to directors (44.66M EUROC options), CRML placement advisors (35M EURO options), a consultant (819,570 shares, 5M options), Odeon (5M) and Evolution (30M). These are not cash raisings; the text shows no proceeds. Formalises previously approved issues (inference).
13 Aug 2025contract award▲ GoodMajor
Tanbreez Mining Greenland appointed NIRAS to complete the definitive feasibility study for a 500,000 tonne-per-year operation, due Q4 2025 and to support the updated exploitation licence submission. EUR now holds about 60% of CRML (62.9M shares).
6 Aug 2025admin correction● Neutral
After the 4 August general meeting passed all resolutions, EUR clarified consultant Geosan's performance right vesting terms: 5M rights on a A$0.10 share price, 30M on a positive PFS with NPV of at least A$250M. It corrected typos in the meeting notice.
5 Aug 2025drilling result▲ Good
First assays from ten shallow 2010 Hill Deposit holes: TREO 0.32-0.89% (weighted 0.58%) with gallium oxide 80-140 ppm. Samples were only partial sections. Five holes (1,250m) of the 2025 Fjord program are complete; 2024 results remain pending.
24 July 2025asset acquisition disposition▲ Good
EUR sold another 0.5 million CRML shares off-market at US$3.60, a 10% discount to the prior close, for US$1.8M (A$2.7M). About 62.5 million shares remain, valued by management at about US$284M, or A$0.30 per EUR share.
21 July 2025admin correction● Neutral
EUR reissued its 16 July drilling-start announcement, adding a JORC table, visual-estimate disclaimers and a competent person statement. Visual mineral estimates are not a substitute for assays. No new results; compliance correction only.
16 July 2025drilling spud▲ GoodMajor
The 2,000m resource drilling program started at Tanbreez Fjord; first hole K25-01 is about 60m deep in eudialyte-bearing rock. It aims to expand the resource and feed a feasibility study due Q4 2025, with no assay results yet.
9 July 2025asset acquisition disposition▲ Good
EUR sold a further 0.5 million CRML shares off-market at US$3.25 for US$1.625M (A$2.5M). About 63 million CRML shares remain, which management values at about US$205M, or A$0.218 per EUR share.
26 June 2025asset acquisition disposition▲ GoodMajor
EUR sold 2 million CRML shares off-market to a US institution at US$2.50, for US$5.0M (A$7.8M) net. It is EUR's first cash sale from its CRML holding and says it will only sell to long-term investors, not on market.
24 June 2025contract award▲ GoodMajor
CRML signed a US$2.0M contract with 60 Degree North Greenland for 2,000m of diamond drilling at Tanbreez, starting early July. It aims to upgrade and extend the Fjord resource (currently 22.56Mt: 8.76Mt indicated, 13.8Mt inferred). Follows the EXIM letter.
18 June 2025debt financing▲ GoodMajor
CRML received a non-binding, conditional letter of interest from US EXIM Bank for a US$120M, 15-year funding package for Tanbreez. It is not guaranteed, may be a loan with covenants, and has no timeline. EUR's CRML stake was valued at US$199.7M at US$3.03.
16 June 2025other● Neutral
ASX paused trading in EUR shares pending a further announcement. No reason given in the notice. Resolved by the 18 June EXIM announcement, which says it is intended to lift the halt (inference: the pause related to that news).
11 June 2025drilling result▲ Good
EUR published for the first time assays from eleven deep historical Tanbreez holes (2007 and 2013) at Fjord and Hill: weighted average 0.43% TREO with 28% heavy rare earths. Grades match earlier holes and show mineralisation below the resource. EUR now cites about 63% of CRML.
10 June 2025auditor change● Neutral
SW Audit replaced HLB Mann Judd as EUR's auditor after HLB resigned with ASIC consent. EUR said it wanted a firm affiliated with CRML's auditor to streamline audits. Shareholders will vote to confirm at the next AGM.
29 May 2025other▼ Bad
EUR replied to an ASX query on the Tanbreez scoping study. It conceded the original resource and scoping announcements held no feldspar or arfvedsonite estimates, pointing to the 29 May addendum. It says the minerals cannot be mined separately from eudialyte. Reply cites 90Mt each, inconsistent with the 180Mt total.
29 May 2025other● Neutral
EUR reissued the 23 April Tanbreez scoping study to include the new feldspar and arfvedsonite resource. It says headline results are unchanged and the production target will not change materially. It clarifies the earlier study, which already assumed three concentrates.
29 May 2025resource reserve update▲ GoodMajor
EUR added an addendum to the Tanbreez resource: 180Mt of feldspar and arfvedsonite (102Mt indicated, 78Mt inferred), industrial minerals in the same rock, on top of the 44.9Mt rare earth resource at 0.38% TREO. No grade is given for these industrial minerals.
23 May 2025admin correction● Neutral
EUR said 35,000,000 advisor options shown in a 9 May Appendix 2A were issued in error and have been cancelled. Their issue still needs shareholder approval, as the prospectus said. Administrative correction only.
20 May 2025drilling result▲ Good
EUR published assays from six more historical 2013 Tanbreez holes, averaging 0.38-0.48% TREO over 51.5-80m, mostly open at depth. They match earlier holes and add no new drilling. EUR still holds about 68% of CRML.
12 May 2025drilling result▲ Good
EUR published for the first time assays from two historical Tanbreez holes: DX-02 (2010) 0.42% TREO over 195m and D306-13 (2013) 0.45% over 328m. Grades are similar to earlier holes. EUR says they support infill drilling to expand the resource. CRML now holds 42%, EUR about 68% of CRML.
9 May 2025other● Neutral
Top 20 holders list for the new A$0.10 April 2027 options as at 8 May 2025. The largest holder has 20M options (11.21%), and the top 20 hold 80.42%. Administrative, no new substance.
9 May 2025other● Neutral
Distribution schedule for the new A$0.10 options expiring April 2027 shows 70 holders and 178,418,736 options as at 8 May 2025. Administrative listing document with no new events.
7 May 2025capital raising announcement● Neutral
The options offer closed with acceptances for 136,263,206 new options, out of up to 223,076,970 offered, so about 86.8M were a shortfall. The underwriters, who are the directors, have been notified of the shortfall. At A$0.002 each the raised amount is small.
23 Apr 2025resource reserve update▲ GoodMajor
A Tanbreez scoping study estimates before-tax NPV of about US$2.4-3.0B (8-10% discount), 162% IRR, about 3-year payback and 19-year life, using Indicated resource only. After-tax NPV is US$1.8-2.2B. It is preliminary, with no reserves and funding still required. Follows the 8 April PEA.
11 Apr 2025capital raising announcement● Neutral
EUR opened the options offer on 11 April, sending personalised forms to eligible holders. It closes 30 April 2025, extended from the earlier 14 April date. Directors will underwrite any shortfall, subject to shareholder approval at a coming general meeting.
8 Apr 2025capital raising announcement● Neutral
EUR lodged the prospectus for its replacement options offer: up to 223,076,970 options at A$0.002 (about A$446k), exercisable at A$0.10 to April 2027, underwritten by directors. It also covers 35M advisor options to CRML placement advisors. Terms match the March plan.