The Austrian Government renews Critical Metals’ Wolfsberg mining licence for two years, located in Carinthia with easy market access. Decision on mining operations expected by year-end amid strong recovery in lithium sector with rising prices driven by supply and demand dynamics, signaling a move towards a more balanced market.

Critical Metals eyes ‘decision to mine’ by end of 2026 if prices remain robust and financing options are available. Lithium prices projected to rise in 2026 driven by demand from energy storage and robotics sectors, supported by investments in energy storage and downstream consumption. The Wolfsberg Lithium Project is poised to be a key asset in Europe’s lithium sector.

European Lithium expands Wolfsberg Project footprint with new mining licences, extending resources beyond current areas. Sizzle Acquisition and European Lithium complete business combination to form Critical Metals, focusing on key metals and minerals for future electrification and next-generation technologies.

Read more at Yahoo Finance: Austrian Government renews Wolfsberg mining licence for two years