HORIZON 2020 EU FUNDING PROGRAMME

European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI) (the Company) are pleased to announce that its 100% subsidiary, ECM Lithium AT GmbH (ECM), is among a consortium of 17 entities comprised of research institutes and technology development organisations, specialised SMEs and three European Li-mineral miners (of which ECM is one) to have passed the first evaluation stage for funding from the EU Research and Innovation programme, Horizon 2020.

The consortium’s proposal was submitted in February under the call topic, Innovative Technologies for the Extraction of Lithium from European Lithium Ore Resources (LithOs), seeking € 4.9 million EU funding. LithOs aims to develop innovative, proprietary technologies that would make European lithium production more competitive and self-sustainable. Participation in the Horizon 2020 programme is very high and strong competition has resulted in a success rate of less than 10% for submissions. The second and final evaluation stage for LithOs will take place in the 3rd quarter of this year.

The Company’s participation in the proposal is an example of its continuous effort to be part of the development of innovative, state-of-the-art technologies for the exploitation of Li-minerals to advantage its projects and take a leading position among its peers.

Commenting on the Company’s participation in the funding programme, Non-Executive Chairman, Tony Sage said “EUR recognises the importance that technology plays in the Li- minerals industry and this funding programme is further evidence that the EU Commission agree and are willing to support local industry. We look forward to receiving the results of the final evaluation later in the year.”

Learn more about Horizon 2020 on the website of the European Commission: