Critical Metals Corp. Confirms Option Scheme Consideration for European Lithium Acquisition

NEW YORK, Oct. 28, 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 European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) (“European Lithium”) has confirmed the consideration payable under the option scheme of arrangement (the “Option Scheme”) in connection with the Company’s acquisition of European Lithium. The Option Scheme and the related share scheme of arrangement (together, the “Schemes”) became effective on October 27, 2026.

Eligible holders of European Lithium options will receive 0.0353158621 new Critical Metals Corp shares for each European Lithium option held at the record date, or approximately 35.32 shares for every 1,000 options, subject to rounding of fractional entitlements. The figure is calculated using the cashless exercise formula set out in the scheme booklet dated September 15, 2026, based on the Share Scheme transaction ratio of 0.045, the A$0.10 option exercise price converted at the AUD/USD exchange rate of 0.7021 published by the Reserve Bank of Australia, and the Scheme VWAP of US$7.25. Ineligible Optionholders, Small Optionholders and Electing Optionholders (each as defined in the scheme booklet) are treated separately.