
AcquisitionsJul 3, 2026, 08:31 AM
Critical Metals Amends European Lithium Acquisition Terms
AI Summary
Critical Metals Corp. and European Lithium Limited have signed an amendment deed to their Scheme Implementation Deed for Critical Metals' proposed acquisition of European Lithium. The amendments introduce a sale facility for small European Lithium securityholders and change the share issuance mechanism to direct Critical Metals common shares, replacing the previously contemplated CHESS Depositary Interest (CDI) structure. The core commercial terms, consideration, and strategic rationale of the acquisition remain unchanged, with completion still anticipated in September 2026.
Key Highlights
- Amendment deed signed for Critical Metals' acquisition of European Lithium.
- Small European Lithium shareholders/optionholders eligible for a sale facility.
- Critical Metals shares will be issued directly, replacing the CDI structure.
- Acquisition consideration and principal conditions remain unchanged.
- Transaction expected to be implemented during September 2026.
- European Lithium shareholders to own approximately 41% of the combined company.
Price Impact
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