Critical Metals to Acquire European Lithium Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 18 2026
0mins
Critical Metals announced the execution of a binding Scheme Implementation Deed under which Critical Metals will acquire all of the issued shares and listed options of European Lithium Ltd. by way of two interdependent schemes of arrangement under Australian law. Critical Metals' Chief Executive Officer and Executive Chairman Mr. Tony Sage commented, "The market reaction to this acquisition on April 27 was very positive and we are pleased to execute the binding definitive agreement. This is a logical transaction that has a strong strategic rationale and offers clear, material benefits to Critical Metals shareholders. I am delighted to see Tanbreez's ownership consolidated under a single legal owner and for Critical Metals to be very well-funded so that Tanbreez can be rapidly advanced into a strong rare earth market for the benefit of shareholders and other stakeholders. I strongly believe that upon completion of this transaction, Critical Metals will be uniquely positioned as a leading heavy rare earths developer that benefits from owning 100% of the highly strategic Tanbreez project, as well as having peer-group leading strong balance sheet, a diversified global shareholder base and a highly liquid stock on the NASDAQ in the United States." The Transaction will be implemented by way of two interdependent Schemes of Arrangement under Australian law in relation to European Lithium's shares and listed options respectively. Pursuant to the Transaction, European Lithium shareholders will receive 0.035 shares of Critical Metals for each European Lithium share held. European Lithium's outstanding listed options will be transferred to Critical Metals in exchange for a number of Critical Metals shares equal to the Exchange Ratio minus a fraction, the numerator of which is the option's exercise price and the denominator of which is the a 20-day VWAP of Critical Metal's share price prior to the record date of the schemes. The Transaction is expected to be completed in the second half of 2026. A scheme meeting of the shareholders of European Lithium is expected to be held in the third quarter of 2026 to approve the Proposed Transaction.
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About CRML
Critical Metals Corp. is a mining development company focused on critical metals and minerals, and producing strategic products essential to electrification. The Company’s project includes Tanbreez Project and Wolfsberg Lithium Project. The Tanbreez Rare Earth Project is a massive, rare-earth deposit rich in heavy rare earth elements (HREEs), and rare metal oxides like tantalum, niobium, zirconium, hafnium and gallium which are important for high-tech and military applications. It is located in Southern Greenland. The Wolfsberg Lithium Project is located in Carinthia, 270-kilometer (km) south of Vienna, Austria. The Wolfsberg Lithium Project is the permitted mine in Europe and located with access to established road and rail infrastructure. With its strategic asset portfolio, the Company supplies critical minerals essential for defense applications, the clean energy transition, and technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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