Critical Metals sets share exchange ratio for European Lithium acquisition
CRML•European Lithium shareholders would receive 0.045 Critical Metals shares per share in the proposed acquisition, the maximum exchange ratio. The transaction covers all issued shares and listed options, with securityholder meetings scheduled for October 22, 2026, and completion subject to approvals and other conditions.
1. Exchange ratio and timing
The proposed acquisition covers 100% of European Lithium’s issued shares and all its listed options, with consideration payable in new ordinary shares. The exchange ratio reached its 0.045 maximum because the 20-trading-day average share price was at or below the USD 8 floor. Securityholder meetings are scheduled for October 22, 2026; completion remains subject to securityholder and court approvals and other conditions. Final consideration for listed options is expected around October 28, 2026, using a cashless exercise formula.
