Critical Metals Corp. Announces Amendments to Acquisition Agreement with European Lithium, Preserving Key Terms and Strategic Rationale
Critical Metals Corp. and European Lithium Amend Acquisition Agreement
NEW YORK, July 3, 2026 (GLOBE NEWSWIRE) – In a significant development for the mining sector, Critical Metals Corp. (Nasdaq: CRML) has announced an amendment to its acquisition agreement with European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF). This strategic move aims to refine the implementation mechanics of the proposed acquisition while maintaining the original commercial terms and strategic rationale.
The amendment deed, which governs the acquisition, introduces key changes designed to enhance shareholder participation. Notably, European Lithium shareholders and optionholders with 50,000 or fewer shares will now have the option to engage in a sale facility. This facility allows them to sell the Critical Metals common shares they would receive as part of the Scheme consideration on the market, receiving net cash proceeds instead.
Additionally, the structure for issuing Critical Metals shares has been modified. Instead of the previously planned CHESS Depositary Interest (CDI) structure, shares will now be issued directly to eligible European Lithium securityholders. Importantly, these amendments do not alter the agreed Scheme consideration or the principal conditions necessary for completion.
Both companies are actively collaborating to meet the remaining conditions for finalizing the transaction. European Lithium anticipates distributing its Scheme Booklet, which will include an Independent Expert’s Report, by late July or early August 2026. This booklet will be crucial for obtaining the necessary approvals from shareholders and optionholders under Australian law.
Pending the required shareholder, optionholder, and Court approvals, as well as the satisfaction of remaining conditions, the transaction is expected to be implemented in September 2026. Upon completion, existing European Lithium shareholders are projected to own approximately 41% of the combined company’s outstanding common shares.
Critical Metals Corp. is recognized as a leader in the mining of critical minerals, essential for electrification and next-generation technologies. Its flagship project, Tanbreez, is one of the largest rare earth deposits globally, located in Southern Greenland. The company also boasts the Wolfsberg Lithium Project in Austria, the first fully permitted lithium mine in Europe, strategically positioned to support the growing European market.
As the demand for critical minerals continues to rise, this acquisition positions Critical Metals Corp. as a vital player in the global supply chain, ensuring a reliable and sustainable source of essential materials for defense applications and the clean energy transition.
For further updates on the acquisition and additional information about Critical Metals Corp., please visit Critical Metals Corp..
Cautionary Note: This news release contains forward-looking statements that may involve risks and uncertainties. Actual results could differ materially from those anticipated. For more details, refer to the “Risk Factors” section in the Company’s Annual Report filed with the U.S. Securities and Exchange Commission.
Contact Information:
- Investor Relations: ir@criticalmetalscorp.com
- Media: pr@criticalmetalscorp.com