Latest European Lithium News

European Lithium’s proposed merger with Critical Metals Corp. has cleared shareholder and court approval, with implementation scheduled for 5 November and EUR expected to leave the ASX. The quarterly report also puts a $296.5 million cash balance, Tanbreez drilling and Greenland mining approvals at the centre of the company’s final standalone update.

European Lithium has confirmed that each eligible EUR option will convert into 0.0353158621 new Critical Metals shares under the now-effective acquisition scheme. Holders of 991 or fewer options will instead receive cash from the sale of their entitlement.

European Lithium’s share and option schemes with Critical Metals Corp. are now effective after the Supreme Court of Western Australia’s orders were lodged with ASIC. EUR securities are expected to stop trading on the ASX, with implementation scheduled for 5 November and CRML shares due to begin trading on Nasdaq the following day.

Moab Minerals has secured four additional prospecting licences around its Manyoni uranium project in Tanzania, but ended September with just A$21,000 in cash. Planned testwork and 2027 drilling now depend on a conditional A$350,000 loan, further fundraising and creditor support.

European Lithium has secured Supreme Court approval for its proposed share and option schemes with Critical Metals Corp., removing the central legal hurdle to the transaction. The deal is now expected to move from ASX trading to a NASDAQ-listed CRML structure in early November, subject to the court orders being lodged with ASIC.

European Lithium has completed the shareholder and optionholder meetings on Critical Metals Corp.’s proposed acquisition, but the verified poll results were not included in the announcement. Proxy votes showed overwhelming support for both schemes, leaving Court approval and final conditions as the next hurdles.

European Lithium has set the exchange ratio for its proposed merger with Critical Metals Corp. at 0.045 CRML shares for each EUR share, after CRML’s reference price fell at or below the deal’s US$8 floor. Securityholders vote on the schemes tomorrow, with court approval and other conditions still outstanding.

European Lithium has secured a date for the Supreme Court of Western Australia to consider approval of its proposed acquisition by NASDAQ-listed Critical Metals Corp. Several transaction conditions have been satisfied, waived or appear on track, but securityholder votes and court approval remain outstanding.

Moab Minerals has resumed trading after lodging an annual report that shows a smaller loss but a stark liquidity warning. The uranium explorer says it needs fresh capital, creditor support and lower costs to continue operating normally.

European Lithium reported a A$930.6 million FY2026 profit, but the headline result was dominated by a A$1.276 billion accounting gain after losing control of Critical Metals Corp. The company now heads towards an October vote on a merger that would fold its cash, CRML stake and mineral assets into a single NASDAQ-listed group.

European Lithium has dispatched the scheme booklet for its proposed merger with NASDAQ-listed Critical Metals Corp., putting shareholders and optionholders on the path to votes on 22 October. The transaction remains conditional on securityholder, Court and regulatory approvals, with implementation targeted for 5 November.

European Lithium’s proposed takeover by Critical Metals Corp. can now proceed to shareholder votes, but an independent expert has warned that the share scheme is not fair, even while calling it reasonable and in shareholders’ best interests absent a superior proposal. The decisive votes are scheduled for 22 October 2026.