Mergers & Acquisitions ·
Critical Metals sets acquisition ratio at 0.045 new shares per European Lithium share
CRMLCritical Metals Corp.
Critical Metals Corp announced the Share Scheme Transaction Ratio for its proposed acquisition of European Lithium Ltd, determining that shareholders will receive 0.045 new Critical Metals shares for each European Lithium share held. This maximum ratio applies because the company's average daily volume-weighted average price over the preceding 20 trading days fell at or below the $8.00 floor price specified in the scheme booklet. The determination precedes securityholder votes scheduled for October 22, 2026, with final consideration for listed options to be calculated using a cashless exercise formula. Critical Metals Corp is a mining development company focused on critical metals and minerals, including rare earths at its Tanbreez project in Greenland and lithium at Wolfsberg in Austria.