Mergers & Acquisitions ·
Australian court orders European Lithium to convene shareholder meetings for acquisition by Critical Metals
CRMLCritical Metals Corp.
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.