Critical Metals' Proposed Acquisition of European Lithium Approved by Security Holders

09:39 AM EDT, 10/22/2026 (MT Newswires) -- Critical Metals (CRML) said Thursday its proposed acquisition of European Lithium has received approval from European Lithium shareholders and option holders. Under the proposed transaction, Critical Metals is acquiring 100% of the issued share capital of European Lithium and its listed options via a couple of court-approved schemes, with the consideration payable in newly issued shares of Critical Metals, the company said. Pending remaining court approvals, the schemes are expected to become effective on Oct. 27. The new Critical Metals shares are anticipated to begin trading on Nasdaq on Nov. 6, with European Lithium removed from the Australian Stock Exchange Official list, Critical Metals said.