CRITICAL METALS OS

The Supreme Court of Western Australia ordered that European Lithium must convene meetings of its shareholders and optionholders to vote on the proposed schemes of arrangement. Under the process, Critical Metals would acquire 100% of European Lithium’s issued share capital and all listed options in exchange for new ordinary shares. The scheme booklet has been lodged with ASIC and is expected to be sent around 22 September 2026; the meetings are scheduled for 22 October 2026, with implementation expected in November 2026 subject to shareholder approval and other conditions. Critical Metals focuses on exploration and mining of critical metals, and its assets include Tanbreez and the Wolfsberg lithium project. » Więcej na de.investing.com

Critical Metals has lodged the transaction documents (scheme booklet) with the Australian regulator ASIC for its proposed takeover of 100% of the share capital and listed options of European Lithium. The takeover is to be effected by a court‑approved Scheme of Arrangement under the Australian Corporations Act; the first court hearing is scheduled for 15 September 2026, scheme meetings are planned for mid‑October and completion is expected in early November 2026, subject to approval by shareholders, option holders and the court. Further details and the final timetable are included in the transaction documents. » Więcej na de.investing.com

Critical Metals has amended the takeover agreement with European Lithium, replacing the fixed exchange ratio with a flexible cap-and-collar calculated using the 20-day VWAP of CRML shares. The ratio is capped at 0.045 new CRML shares if the scheme VWAP ≤ $8.00, and at 0.025 if the VWAP ≥ $16.00; since the 20‑day VWAP was recently below $8.00, the current ratio would be 0.045. The adjustment also applies to listed options and performance rights; other terms remain unchanged. European Lithium plans to send a scheme booklet in early September and targets implementation for October 2026, subject to shareholder and court approval. » Więcej na de.investing.com