Critical Metals Corp. Announces Share Scheme Transaction Ratio for Acquisition of European Lithium
Key Highlights
- ➤European Lithium shareholders to receive 0.045 new Critical Metals shares per share
- ➤Share Scheme VWAP hit floor, setting the maximum transaction ratio
- ➤Critical Metals would acquire 100% of European Lithium under proposed schemes
- ➤Securityholder meetings scheduled for October 22, 2026, subject to court approval
- ➤Option Scheme consideration expected around October 28, 2026
NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals exploration and mining company, today provided an update on its proposed acquisition of European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) (“European Lithium”), ahead of the European Lithium securityholder meetings to be held on Thursday, October 22, 2026.
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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