Court Approves Critical Metals' European Lithium Schemes; Shares Issue November 5
CRML sits 24% above its 52-week low of $5.115.
Summary
An Australian court approved Critical Metals' two schemes to acquire European Lithium, with new shares to be issued November 5 and trading on Nasdaq from November 6.
Key Events · M&A and Partnerships · CRML
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Court Approves Both Schemes
On October 26, 2026, the Supreme Court of Western Australia made orders approving the Share Scheme and Option Scheme, following the October 22, 2026 holder vote.
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Share Issuance Set for November 5
New Critical Metals shares are to be issued to European Lithium securityholders on the November 5, 2026 implementation date, at 0.045 Critical Metals shares per European Lithium share.
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Section 3(a)(10) Exemption
Critical Metals intends to rely on the Court's approval to qualify for the section 3(a)(10) exemption from US registration for the new shares.
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Closing Schedule and Nasdaq Listing
Effective date expected October 27, 2026; record date October 29; Nasdaq trading in the new shares expected November 6, 2026, when European Lithium leaves the ASX Official List.
Analysis · CRML · Energy & Transportation
The final legal hurdle in the all-stock acquisition of European Lithium is cleared: the Supreme Court of Western Australia approved both schemes of arrangement. What remains is administrative — lodging the orders with ASIC on October 27, a record date of October 29, issuance of new Critical Metals shares on November 5 and Nasdaq trading from November 6. With an exchange ratio of 0.045 Critical Metals shares per European Lithium share, new stock is about to hit the register, and the company is leaning on the section 3(a)(10) exemption so those shares can be issued without a separate US registration. This lands against a backdrop of previously disclosed going-concern doubt and material weaknesses in the FY2026 annual report, so execution of the integration now carries the story.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CRML was trading at $6.35 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $937.8M. The 52-week trading range was $5.12 to $21.86. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.