Mergers & Acquisitions ·
Critical Metals completes acquisition of European Lithium, issuing ~90.5M shares and holding $264.5M cash
CRMLCritical Metals Corp.
Critical Metals Corp. completed its acquisition of European Lithium Ltd. on November 5, 2026, following Supreme Court approval in October. The company issued approximately 90.5 million ordinary shares as scheme consideration to shareholders and option holders, bringing total outstanding shares to roughly 194.2 million. European Lithium became a wholly owned subsidiary, with its previously held 45.5 million Critical Metals shares treated as treasury equivalent shares with suspended rights. The transaction also triggered the termination of earnout obligations and related investor agreements. Critical Metals reported an immediate post-transaction cash balance of approximately $264.5 million. Additionally, replacement warrants representing ~8.1 million shares were issued to performance right holders in exchange for cancelled rights.