Critical Metals Corp. Acquisition of European Lithium Becomes Effective
Key Highlights
- ➤Acquisition schemes for European Lithium (ASX: EUR) became legally effective
- ➤Critical Metals will acquire 100% of European Lithium via new share issuance
- ➤European Lithium shareholders receive 0.045 Critical Metals shares per share
- ➤European Lithium trading suspension expected after October 27 close
- ➤Transaction implementation set for November 5; new shares expected November 6
NEW YORK, Oct. 27, 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 schemes of arrangement for its proposed acquisition of European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) (“European Lithium”) have become legally effective.
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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