European Lithium-backed European Lithium AT went public via SPAC merger with Sizzle Acquisition in a $750m deal.

European Lithium, a mineral exploration and development company-backed European Lithium AT, a lithium mining company, went public via SPAC merger with Sizzle Acquisition, a special purpose acquisition company, in a $750m deal. “We are enthusiastic to partner with the Sizzle team to become a publicly traded company on Nasdaq and are thrilled to have Carolyn Trabuco, Sizzle’s lead independent director, join our board. The need for additional battery-grade lithium in Europe will only continue to accelerate as demand for EVs continues to outstrip supply. The Project is poised to become the first major source of battery-grade lithium in Europe, the world’s leading EV market, capable of supporting the production of approximately 200k EVs per year. The funds raised though this transaction will provide us with the resources anticipated to be required to advance construction and commissioning of the Project. With the capital raised, in addition to the increased access to the public capital markets by listing on Nasdaq by means of the business combination, we believe we will be able to achieve our commercial goals by 2025,” Critical Metals Tony Sage Executive Chairman.