European Lithium has lodged the Scheme Booklet with ASIC for its proposed merger with Critical Metals Corp, advancing the regulatory process with a court hearing scheduled for mid-September.
- Scheme Booklet lodged with ASIC
- First court hearing set for 15 September 2026
- Shareholder and optionholder meetings expected mid-October
- Merger implementation anticipated early November
- Timetable subject to court and shareholder approvals
Scheme Booklet lodgement advances merger process
European Lithium Limited (ASX:EUR) has taken a significant procedural step in its proposed acquisition by NASDAQ-listed Critical Metals Corp (NASDAQ:CRML) by lodging the Scheme Booklet with the Australian Securities and Investments Commission (ASIC) on 26 August 2026. This document, a key disclosure for shareholders and optionholders, outlines the terms and conditions of the merger and provides essential information for the upcoming vote.
Court hearing to set shareholder meetings
The Supreme Court of Western Australia is slated to hold the first hearing on 15 September 2026 at 9:15am AWST. At this hearing, European Lithium will seek approval to convene separate meetings for shareholders and holders of listed options (ASX:EUROC), where they will consider and vote on the proposed Schemes of Arrangement. The court’s endorsement at this stage is a crucial procedural hurdle before the merger can proceed.
Timetable for shareholder engagement and merger completion
Subject to court approval, the Scheme Meetings are expected to occur in mid-October 2026, with a general meeting of shareholders planned immediately beforehand on the same day. This general meeting will address resolutions related to the merger. Assuming all conditions precedent are met; including shareholder and optionholder approvals and final court sanction; the merger is anticipated to be implemented in early November 2026.
Indicative timing and remaining conditions
European Lithium emphasises that the dates provided are indicative and contingent on the court process and other conditions. The company has reminded securityholders that no action is required in response to the announcement at this stage. Further updates and any timetable changes will be communicated through ASX announcements and the dispatch of the Scheme Booklet.
Bottom Line?
The merger process enters a critical phase with the Scheme Booklet lodged and court hearings imminent, but final approval hinges on shareholder votes and court sanction.
Questions in the middle?
- Will the court approve the convening of shareholder and optionholder meetings as scheduled?
- How will shareholders respond to the terms outlined in the Scheme Booklet during the upcoming votes?
- Could any procedural delays or objections affect the anticipated early November implementation?