Critical Metals’ acquisition of European Lithium becomes effective after court approval
+1 new source since this summary was written
Critical Metals Corp received court approval for the schemes of arrangement that will acquire European Lithium Ltd. The approval makes the transaction legally effective as of Oct. 27, 2026. European Lithium securities will be suspended on the ASX and the company plans to list new Critical Metals shares on Nasdaq on Nov. 6, 2026. Shareholders of European Lithium will be allocated 0.045 Critical Metals shares for each of their shares held at the record date.
Why it matters
The deal will convert European Lithium shareholders into owners of Critical Metals, expanding the latter’s asset base in lithium and rare‑earth projects. The Nasdaq listing on Nov. 6 will provide a new public market for the combined entity and remove European Lithium from the Australian exchange.
Key facts
- 1The Supreme Court of Western Australia approved the schemes on Oct. 26, 2026, making them effective on Oct. 27, 2026. stocktitan.net
- 2European Lithium shares and options will be suspended from ASX trading after the close of business on Oct. 27, 2026. stocktitan.net
- 3Eligible European Lithium shareholders will receive 0.045 new Critical Metals shares for each European Lithium share held at the record date. stocktitan.net
- 4The record date for entitlements is Oct. 29, 2026. stocktitan.net
- 5Implementation of the scheme consideration is scheduled for Nov. 5, 2026. stocktitan.net
- 6New Critical Metals shares are expected to start trading on Nasdaq on Nov. 6, 2026. stocktitan.net
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.