European Lithium Limited announced that Critical Metals Corp has secured a non-binding Letter of Interest from the Export-Import Bank of the United States for a potential US$120 million non-dilutive funding package. The package, designed with a 15‐year term, is intended to support the development of the Tanbreez Project—one of the world’s largest rare earth deposits located in Greenland. However, final approval of the funding depends on meeting several critical milestones, including permitting, extensive feasibility studies, environmental assessments, and a comprehensive due diligence process by the bank. European Lithium, which holds approximately 63% of Critical Metals, stands to benefit directly from this development. With the closing share price of Critical Metals at US$3.03, European Lithium’s shareholding in the company is currently valued at nearly US$200 million (roughly A$305 million), underscoring the strategic significance of the financing milestone. While the funding proposal signals strong support for bolstering Western supply chains for critical minerals, the company emphasized that the Letter of Interest is preliminary and subject to various conditions, which include securing reliable resource supply and off-take agreements with creditworthy buyers, as well as ensuring compliance with stringent export credit requirements. From a bullish viewpoint, the news is encouraging as the proposed financing may advance the Tanbreez Project, a key asset in addressing Europe’s growing demand for rare earth elements and securing critical supply chains for next-generation technologies. The substantial shareholding and potential for increased project value further add a positive outlook for European Lithium. On the other hand, caution is warranted for bearish sentiment since the funding remains contingent and non-binding at this stage. The final financing package still needs to overcome regulatory and operational hurdles, and the uncertainty over whether it will materialize in the anticipated form—including potential debt covenants and interest obligations—could temper market enthusiasm for the project.