Proactive - Interviews for investors

European Green Transition announces leadership transition, project milestones, and 2024 results

Episode Summary

European Green Transition Plc Non-Executive Chairman and Founder Cathal Friel and Chief Financial Officer Jack Kelly joined Steve Darling from Proactive to provide key updates on management changes, the company’s rare earths project in Sweden, and 2024 financial performance. EGT’s Olserum rare earth project in Sweden has been designated a strategic National Interest by the Swedish Geological Survey, underscoring government support. The project is positioned to become the first operational rare earths mine in Europe. Successful drilling and positive metallurgical results in 2024 have advanced the project toward a potential sale or strategic partnership. Cathal Friel will transition to the role of Executive Chairman effective June 30, 2025, to lead the company’s next phase of growth. CEO Aidan Lavelle will step down following the upcoming AGM, as the company shifts toward an M&A-focused strategy targeting green economy opportunities. CFO Jack Kelly highlighted that EGT raised £6.46 million through its AIM IPO and ended 2024 with £3.7 million in cash. In addition to progress at Olserum, work is ongoing at the Altan Carbon Credit project in Ireland, and the company has renewed its copper exploration license in northern Sweden. #proactiveinvestors #europeangreentransition #aim #egt #GreenTransition #CathalFriel #JackKelly #EuropeanMining #OlserumProject #SustainableInvesting #GreenEconomy #CarbonCredits #ProactiveInvestors