Recent Updates — CRML

Critical Metals Corp filed historical audited financial statements for European Lithium Ltd for the year ended June 30, 2026, alongside unaudited pro forma condensed combined financial information reflecting the proposed acquisition of all issued shares and listed options of European Lithium. The EUR Transaction is expected to close in November 2026 following shareholder approval scheduled for October 22, 2026. Critical Metals operates as a mineral exploration and development company focused on lithium and critical battery metals.

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.

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.