Friel's EGT eyes potential sale of Swedish copper project

Earlier this week copper price hit record highs, underpinned by limited supply

Cathal Friel's EGT has made no secret of its intent to exit mining.

Cathal Friel's European Green Transition plc (EGT) has signed a six-month option with Cyprus-based Recovery Metals Cyprus Limited (RMC) to sell its Pajala Copper Project in northern Sweden. 

The deal, announced today, underscores EGT’s accelerating shift from mineral exploration to acquiring distressed, revenue-generating businesses in Europe’s green economy.