European Green Transition PLC (AIM:EGT) CEO Aiden Lavelle joined Proactive's Stephen Gunnion to discuss the company's milestones in 2023 as it prepared to list on AIM, as well as future plans.
Lavelle highlighted the successful IPO in April 2023, raising £6.5 million. He discusses the acquisition of the Olserum Rare Earth project and its promising potential, mentioning the encouraging rock and general sampling results at the Djupedal prospect, which shows significant rare earth oxide percentages.
Lavelle also outlined the company's low-cost drilling program aimed at exploring the Djupedal prospect further and testing a new exploration model developed by the team. This initiative aims to prove the concept of surface mineralisation and attract partners to monetize the asset.
Furthermore, Lavelle talked about other assets in European Green Transition's portfolio, such as the Limni Tailings Recycling Project in Cyprus and the Altan Peatland Restoration and Carbon Credit Project in Ireland. The former focuses on copper recycling and potential solar energy generation, while the latter aims at rewetting, peatland restoration, and selling carbon credits, tapping into a market projected to reach €50 billion by 2030.
Lavelle emphasised the company's strategy to capitalize on Europe's green energy transition by identifying and developing green economy assets.
