European Lithium Ltd.
ASX: EUR/Critical Metals Corp.Nasdaq: CRMLCritical Metals to Acquire European Lithium for ~US$835M
Key takeaways
- Critical Metals Corp. acquires European Lithium Ltd. — $835M aggregate · 0.035× exchange ratio (stock).
- Expected close: Jun 30, 2026.
Deal value
$835M
stock
Per-share offer
0.0350× shares
0.035 shares of Critical Metals for each European Lithium share held
Premium
—
Days to close
17d overdue
Jun 30, 2026
Term fee
—
Announced
Apr 28, 2026
Preliminary Proxy
—
Definitive Proxy
—
Record date
—
Shareholder vote
—
Expected close
Jun 30, 2026
Closing conditions
- Negotiation and entering into of a binding Scheme Implementation Deed
- Approval of the shareholders of European Lithium
- European Lithium having a net cash and liquid assets balance of not less than AUD$330,000,000
- Holders of unlisted options and ZEPOs entering into cancellation deeds
- No material adverse change in European Lithium and Critical Metals business and assets and of any prescribed occurrences or regulated events
- Receipt of all necessary regulatory approvals, consents, waivers or modifications and court approvals
- Completion of satisfactory due diligence by both parties
- ✓Financing· No financing condition
No competing-bidder, activist, or dissident-proxy signals in the database for this target.
No advisor data on record for this deal.
- Apr 30, 2026
Critical Metals closes acquisition of 50.5% Tanbreez interest
- Apr 28, 2026this filing
| Date | Form | Section | Headline | Status |
|---|---|---|---|---|
| Apr 30, 2026 | — | definitive | Critical Metals closes acquisition of 50.5% Tanbreez interest | closed |
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Critical Metals Corp. (Nasdaq: CRML) announced on April 27, 2026 the signing of a letter of intent to acquire all outstanding shares of European Lithium Ltd. (ASX: EUR) via schemes of arrangement. Under the proposed transaction, European Lithium shareholders will receive 0.035 Critical Metals shares per European Lithium share, valuing the deal at approximately US$835 million based on the April 22, 2026 measurement date. The transaction is expected to close in H2 2026 and is subject to execution of a definitive agreement, shareholder approval, and customary closing conditions.