Recent Updates — CRML

Critical Metals Corp. received a court order from the Supreme Court of Western Australia directing European Lithium Ltd. (ASX: EUR) to convene shareholder meetings to vote on an acquisition scheme. The transaction, announced May 18, 2026, involves Critical Metals acquiring all issued shares and listed options of European Lithium via interdependent schemes of arrangement under Australian law. The Scheme Booklet was registered with ASIC and is expected for dispatch around September 22, 2026. Shareholders will receive between 0.025 and 0.045 New Critical Metals Shares per EUR share, depending on the average daily VWAP of Critical Metals shares over a specified period. The Independent Board Committee recommends voting in favor of the schemes absent a superior proposal. Critical Metals Corp. operates in the critical minerals sector, focusing on rare earth elements and lithium projects.

Critical Metals Corp. amended its binding Scheme Implementation Deed for the acquisition of European Lithium Ltd., replacing a fixed exchange ratio with a floating mechanism capped at 0.025 and floored at 0.045 New Critical Metals shares per European Lithium share, based on the average daily volume-weighted average price of Critical Metals stock over the preceding 20 trading days. This adjustment to the consideration structure is material as it alters the potential dilution and valuation dynamics of the transaction. The company operates in the critical minerals and lithium exploration sector.

Critical Metals Corp. filed a 6-K to provide historical financial statements for Tanbreez Mining Greenland A/S and European Lithium Ltd., and pro forma financial information reflecting the recent acquisition of a 50.5% interest in Tanbreez (increasing ownership to 92.5%) and the pending EUR Transaction to acquire European Lithium Ltd. via a Scheme Implementation Deed. Critical Metals Corp. is a metals and mining company focused on critical minerals.