Critical Metals receives court and shareholder approval to acquire European Lithium
Critical Metals Corp. (CRML) secured shareholder backing for its all‑stock acquisition of European Lithium, with 99.96% of votes in favour. The Supreme Court of Western Australia approved the Schemes, allowing the deal to become effective on October 27, 2026. Under the transaction European Lithium shareholders will receive 0.045 CRML shares per share, and the new CRML shares are slated to begin trading on Nasdaq on November 6, 2026.
Why it matters
The approvals clear the final regulatory hurdle, meaning the transaction will close on October 27 and CRML will gain full ownership of the Tanbreez rare‑earth project, potentially expanding its asset base and market presence.
Key facts
- 1The exchange ratio was set at 0.045 CRML shares per European Lithium share. tradingview.com
- 2Shareholder approval was 99.96% of votes cast for the Share Scheme. mining.com
- 3Option holders approved the Option Scheme 100% of votes cast. mining.com
- 4The Supreme Court of Western Australia approved the Schemes on October 26, 2026. tradingview.com
- 5The transaction is expected to become effective on October 27, 2026. tradingview.com
- 6New CRML shares are expected to begin trading on Nasdaq on November 6, 2026. finance.yahoo.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.