Critical Metals shareholders approve European Lithium acquisition, pending court sign‑off
Critical Metals Corp. received overwhelming shareholder and optionholder support for its all‑stock acquisition of European Lithium, with 99.96% of votes in favour. The deal uses an exchange ratio of 0.045 CRML shares for each European Lithium share. The transaction now awaits approval from the Supreme Court of Western Australia, with an effective date set for October 27 and completion expected on November 5, after which new CRML shares will begin trading on Nasdaq on November 6.
Why it matters
The approval clears a key condition for the merger, but the pending court decision means the deal could still be delayed; investors must watch the October 26 hearing for timing. The share‑exchange ratio will dilute existing CRML shareholders, and the stock fell 7% to $6.18 after the vote, reflecting market concern.
Key facts
- 1European Lithium shareholders approved the acquisition with 99.96% of votes cast in favour. mining.com
- 2European Lithium optionholders approved the acquisition with 100% of votes cast in favour. mining.com
- 3The exchange ratio is set at 0.045 CRML shares per European Lithium share. tradingview.com
- 4The Schemes are expected to become effective on October 27, 2026, with completion scheduled for November 5, 2026. mining.com
- 5Newly issued Critical Metals shares are expected to begin trading on Nasdaq on November 6, 2026. mining.com
- 6The Supreme Court of Western Australia will hold a second hearing on October 26, 2026. mining.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.