European Green Transition PLC (AIM:EGT) chief financial officer Jack Kelly talked with Proactive's Stephen Gunnion about the company’s interim results for the first half of 2025.
Kelly highlighted the progress made across the European Green Transition portfolio. He said the company successfully extended the key license at its Olserum Rare Earth project in Sweden until 2029, describing it as “a really strong positive position for the ongoing sale and partnership discussions.” The project has already demonstrated district-scale potential for rare earths.
The company also secured extensions for its Pajala copper project licenses until 2028, and at no cost extended the option agreement for the Altan Carbon credit project in northwest Donegal by six months. Kelly pointed to growing activity in this area, noting recent investment pledges by major technology firms into peatland restoration in Ireland.
On the corporate side, Cathal Friel, the largest shareholder, became executive chairman in June. Kelly explained that Friel is now leading the M&A strategy, with a focus on acquiring distressed, revenue-stage businesses in the green economy. He added: “We’re in a very strong position from a cash perspective. We have 2.90 million as of 30th June and no debt, no committed cost.”
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