European Lithium Takeover Becomes Effective as Court-Approved Schemes Close
CRML sits 27% above its 52-week low of $5.115.
Summary
Critical Metals' acquisition of European Lithium is now effective, closing out a deal that cleared its final hurdles in recent days. An Australian court approved both schemes on October 26, and the company had already filed European Lithium's audited FY2026 statements and pro forma combined financials on October 22. The path here included a September court ruling allowing the shareholder vote and the September 16 Scheme Booklet that set votes for October. The combined entity now holds the Tanbreez project, whose Mining Plan and Closure Plan won formal Greenland government approval on October 5. Watch for the new shares to be issued in November, per the court-approved scheme terms.
At the time of this announcement, CRML was trading at $6.48 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $937.8M. The 52-week trading range was $5.12 to $21.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.