Recent Updates — CRMLW

The Supreme Court of Western Australia approved the schemes for Critical Metals Corp to acquire all issued shares and listed options of European Lithium Ltd. The approval follows shareholder votes in favor on October 22, 2026. The transaction is expected to become legally effective on October 27, 2026, once lodged with the Australian Securities and Investments Commission. New Critical Metals Corp shares are expected to begin trading on Nasdaq on November 6, 2026. Critical Metals Corp operates in the mining sector, focusing on lithium extraction.

European Lithium shareholders voted in favor of the proposed acquisition by Critical Metals Corp., with 99.96% of votes cast supporting the Share Scheme and 100% of optionholders backing the Option Scheme. These approvals satisfy the securityholder conditions required for the transaction to proceed. The deal remains subject to final approval by the Supreme Court of Western Australia at a hearing scheduled for October 26, 2026, with implementation expected on November 5, 2026. Critical Metals Corp. operates in the mining and metals sector, focusing on the development of lithium projects.

Critical Metals Corp. amended its merger agreement with European Lithium Ltd. to terminate the obligation to issue up to 6,778,838 ordinary shares as earnout consideration, effective upon the implementation date of a new acquisition scheme. The company also terminated an Investors Agreement with European Lithium. Additionally, director Michael C. Ryan passed away on September 27, 2026. Critical Metals entered into a settlement agreement with a financial advisor requiring a $5,000,000 cash payment and the issuance of approximately 1.1 million ordinary shares in a private placement exempt from registration. The company is an exploration-stage mining company focused on critical minerals.