Critical Metals Corp. Acquisition of European Lithium Approved by Supreme Court of Western Australia
Key Highlights
- ➤Court approves Critical Metals’ acquisition of 100% of European Lithium
- ➤European Lithium shareholders and option holders approved schemes October 22
- ➤Critical Metals will issue new shares as acquisition consideration
- ➤European Lithium expects scheme effectiveness after filing court orders October 27
- ➤New Critical Metals shares expected to begin Nasdaq trading November 6
NEW YORK, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals exploration and mining company, today announced that the Supreme Court of Western Australia (the “Court”) has approved the Company’s proposed acquisition of European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) (“European Lithium”).
Under the proposed transaction, Critical Metals Corp would acquire 100% of the issued share capital of European Lithium and all of European Lithium’s listed options by way of Court-approved schemes of arrangement under Part 5.1 of the Australian Corporations Act 2001 (Cth), comprising a scheme between European Lithium and its shareholders (the “Share Scheme”) and a scheme between European Lithium and the holders of its listed options (ASX: EUROC) (the “Option Scheme”, and together with the Share Scheme, the “Schemes”). The consideration payable under each Scheme is to be satisfied by the issue of new ordinary shares in Critical Metals Corp.
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