European Lithium Limited (ASX:EUR) acquired Petro Consulting LLC from Millstone and Company Global DWC-LLC for AUD 70 million on November 3, 2021. The consideration consists of AUD 20 million through the issue of ordinary shares and AUD 50 million in performance shares in the form of earnout. The transaction is subject to European Lithium shareholders approval and Anti-Monopoly Committee of Ukraine approval. The transaction is expected to close in October 2022.

European Lithium Limited (ASX:EUR) completed the acquisition of Petro Consulting LLC from Millstone and Company Global DWC-LLC on January 12, 2024.