SunMirror, which has prospective resource projects in Australia, expands its market presence through the acquisition of Latitude 66 and is able to supply the European economy with cobalt and other critical commodities and metals such as lithium from sustainable, stable and legally secure sources in compliance with applicable laws, regulations and ESG requirements. With the acquisition of Latitude 66, SunMirror is excellently positioned to act as a strategic partner in the future to the European economy, supplying raw materials for digital transformation.
Demand for critical raw materials such as cobalt and lithium has been growing rapidly for years. Drivers of this demand include new technological developments such as electromobility. Recently, the European Union ('EU') reaffirmed, as part of the launch of its European Green Deal, that a lack of access to critical raw materials or over-dependence on single suppliers would undermine Europe's ability to be an industrial leader in new technologies. In order to achieve the EU's goal of climate neutrality, it is important not to create new dependency on uncertain third countries for these critical raw materials in terms of legal certainty, working conditions and environmental standards.
Sunmirror has already received commitments for significant capital injections in the past and considers itself well positioned for further growth on this basis. In addition, further investors have recently expressed their interest to Sunmirror with a share price close to the market price in supporting the future growth of the company.
About SunMirror AG
SunMirror is a natural resources holding company with a strategic focus on traceable, responsibly sourced battery metals - the metals and minerals whose demand is driven by sustainable next-generation technologies. The company's shares (ISIN CH0396131929) are listed on the Vienna Stock Exchange (ticker: ROR1) and the Düsseldorf Stock Exchange. For further information, please visit: www.sunmirror.com.