European Green Transition's CEO Aiden Lavelle and CFO Jack Kelly talked with Proactive about the company's progress and strategic direction since its April IPO at the One2One Investor Forum.
Lavelle emphasised EGT's expansion from exploration to a broader M&A-focused approach aimed at revenue generation. He shared insights into their primary assets, including the Olserum rare earth project in Sweden and ongoing projects in Ireland and Cyprus.
Kelly discussed the financial strategy, highlighting a robust cash balance of £4.9 million, and detailed their strict M&A criteria: projects must be revenue-generating with low capital expenditure and minimal technological risk.
Lavelle noted significant progress in the Olserum project, revealing promising drilling results and community support. He mentioned the critical geopolitical context of rare earths, particularly the EU's strategic focus on domestic production.
The CFO then discussed potential revenues from carbon credits linked to their Irish peatland project and emphasised EGT’s commitment to transparency and shareholder alignment. The company remains focused on driving partnerships to monetise assets and exploring new revenue streams within renewable energy.
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