European Green Transition
£6.45m Raised at IPO April 2024
AIM: EGT
Development. Innovation. Returns.
European Green Transition plc is a business operating in the green economy transition space in Europe. EGT intends to capitalise on the opportunities created by Europe's transition away from fossil fuels to a green, renewables-focused economy. The Company plans to expand its existing portfolio of green economy assets through M&A, targeting what it believes to be distressed and undervalued projects that are at or close to revenue generation. EGT sees substantial opportunities to deliver value from its M&A pipeline across the green economy space.
EGT's highly experienced leadership team has a strong track record of building successful public companies through the acquisition of distressed assets via M&A. EGT plans to replicate this approach, creating a sustainable and profitable business while generating shareholder returns.
The Company's current portfolio of green economy assets includes the Olserum Rare Earth Project in Sweden. The Olserum project is one of Sweden's projects of "National Interest" and has the potential to become Europe's first operating REE mine. EGT has also taken an exclusive option over a copper tailings recycling project in Cyprus with the potential to generate meaningful amounts of copper, and the site and surroundings offer an excellent long-term location to establish a potential solar power facility. EGT has taken a further exclusive option to develop a peatland carbon sink programme and in turn generate carbon credits at Altan in Donegal in the northwest of Ireland. EGT owns additional projects in northern Sweden and Germany which have defined and tangible upside with potential to realise near-term inflection points in a cost-effective manner.
EGT's objective is to build a profitable business by aiming to monetise some of its assets through sale or partnership with larger industry players. The team is focused on success while remaining committed to its defined ESG strategy, ensuring excellent development practices across all projects in addition to regular local community engagement.
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