Critical Metals Corp. news covers developments tied to its critical minerals project portfolio, especially the Tanbreez rare earth project in Southern Greenland and the company’s capital structure. Recurring updates include Tanbreez ownership, rare earth concentrate and processing arrangements, share issuances, material agreements, shareholder voting matters, and operating and financial results.
Company-related coverage also places CRML within broader critical minerals and rare earth supply-chain discussions, including demand for heavy rare earth elements used in defense, clean energy, and advanced technology applications.
Critical Metals (Nasdaq: CRML) confirmed option consideration for its European Lithium acquisition after the schemes became effective on October 27, 2026. Eligible optionholders will receive 0.0353158621 new Critical Metals shares per European Lithium option, or approximately 35.32 shares per 1,000 options, subject to fractional-entitlement rounding.
The cashless exercise calculation uses the share scheme ratio of 0.045, an A$0.10 exercise price converted at an AUD/USD exchange rate of 0.7021, and a US$7.25 volume-weighted average share price. The entitlement record date is expected to be October 29. Share issuance is expected on November 5, 2026, followed by Nasdaq trading of the new shares and European Lithium's removal from the ASX Official List on November 6. These dates remain indicative and subject to change.
Critical Metals (Nasdaq: CRML) announced that court-approved schemes for its proposed acquisition of European Lithium have become legally effective. The transaction covers 100% of European Lithium’s issued share capital and all its listed options, with consideration paid in new Critical Metals ordinary shares. Court approval orders dated October 26, 2026 have been lodged with the Australian Securities and Investments Commission.
Eligible shareholders will receive 0.045 new Critical Metals shares per European Lithium share held at the October 29 record date. Listed options will be exercised cashlessly, with share consideration calculated under the scheme booklet’s formula. Implementation and delivery of consideration are expected on November 5, 2026, followed by Nasdaq trading of the new shares on November 6. These dates are indicative and subject to change.
Critical Metals Corp (Nasdaq: CRML) received Supreme Court of Western Australia approval for its proposed acquisition of European Lithium.
The transaction would acquire 100% of European Lithium’s issued shares and all its listed options through two court-approved schemes, with consideration paid in new Critical Metals ordinary shares. The schemes become legally effective when the court orders are lodged with the Australian Securities and Investments Commission, expected on October 27, 2026. European Lithium’s ASX trading is expected to be suspended from that day’s close.
Implementation and issuance of the new shares are expected on November 5, followed by Nasdaq trading of those shares and European Lithium’s ASX removal on November 6, 2026. All dates are indicative, subject to change and refer to Perth time.
Critical Metals (Nasdaq: CRML) received European Lithium securityholder approval for its proposed acquisition of all issued shares and listed options.
Consideration under both schemes will consist of new Critical Metals ordinary shares. The share scheme received 99.96% of votes cast and support from 97.22% of shareholders present and voting; optionholder support was 100% on both measures. Securityholder approval conditions are now satisfied.
The schemes still require Supreme Court of Western Australia approval, with a hearing scheduled for October 26, 2026, and satisfaction of other scheme conditions. If approved, effectiveness is expected October 27 and implementation November 5, with new Critical Metals shares expected to begin Nasdaq trading November 6. All dates are indicative and subject to the Court approval process.
Critical Metals (Nasdaq: CRML) set the share exchange ratio for its proposed acquisition of European Lithium at 0.045 new shares per target share.
The transaction would acquire 100% of European Lithium’s issued shares and all its listed options through two court-approved schemes, with consideration paid in new Critical Metals ordinary shares. The ratio is the maximum permitted because the 20-trading-day average price through October 20 was at or below the US$8.00 floor; the ceiling was US$16.00. Consideration value will vary with Critical Metals’ share price and the AUD/USD exchange rate.
European Lithium securityholders vote on October 22, 2026. Implementation requires securityholder and Supreme Court of Western Australia approvals and satisfaction or waiver of remaining conditions. European Lithium expects final option consideration around October 28, 2026.
Critical Metals Corp (CRML) outlined mine-to-metals plans for the Tanbreez rare earth project, including breakthrough test work achieving >99% dissolution of eudialyte concentrate into 19 ultra-high-purity rare earth products and a proposed Romanian joint venture refinery expected to receive 50% of concentrate output.
The planned CRML Romania refinery is being designed to process up to 100,000 tons per year of eudialyte concentrate and, based on current modelling, to produce about 27,943 tons per year of rare earth and critical metal products, plus 25,670 tons per year of high-purity SiO2. The silica by-product is modelled to generate roughly US$600 million in annual revenue and, together with reduced acid use, contribute US$400–600 million per year in combined value. Preliminary estimates indicate refinery CAPEX of about US$1.85 billion, projected annual revenue of about US$2.2 billion, an NPV10 of about US$4.5 billion, an IRR of about 55% and a payback period of roughly two years, all subject to further engineering, test work, permitting and final investment decisions.
Critical Metals Corp (CRML) reports that its proposed acquisition of 100% of European Lithium’s shares and listed options has advanced after court orders on 15 September 2026 directed European Lithium to convene shareholder and optionholder meetings to vote on the schemes of arrangement.
The Supreme Court of Western Australia also approved dispatch of a Scheme Booklet, which has been registered with ASIC and is expected to be sent to European Lithium securityholders on or around 22 September 2026. The general meeting and scheme meetings are scheduled for 22 October 2026 in West Leederville, Western Australia. Subject to securityholder approval, further court approval and satisfaction or waiver of remaining conditions, the schemes are expected to be implemented in November 2026, with all dates remaining indicative and subject to the court process.
Critical Metals Corp (Nasdaq: CRML) has provided an update on its proposed acquisition of European Lithium, under which Critical Metals Corp would acquire 100% of European Lithium’s issued share capital and all listed options via Court-approved schemes of arrangement (the Share Scheme and Option Scheme).
European Lithium lodged a draft Scheme Booklet with ASIC on August 26, 2026, and the first Court hearing before the Supreme Court of Western Australia is scheduled for 9:15am (AWST) on September 15, 2026. Subject to Court orders, Scheme Meetings for shareholders and optionholders, plus a related general meeting, are expected in mid-October 2026. If all remaining conditions precedent, including securityholder and Court approvals, are satisfied or waived, the Schemes are expected to be implemented in early November 2026, with all dates remaining indicative.
Critical Metals Corp (Nasdaq: CRML) updated terms of its proposed acquisition of European Lithium, amending the exchange ratio in the Scheme Implementation Deed. The prior fixed ratio of 0.035 New CRML shares per European Lithium share is replaced by a floating ratio linked to the 20‑day CRML Nasdaq VWAP before the scheme meeting.
If the Scheme VWAP is at or below US$8.00, European Lithium securityholders would receive the maximum of 0.045 New CRML shares; if at or above US$16.00, they receive the minimum of 0.025 shares. Between these prices, the ratio adjusts linearly. According to the company, this structure shares CRML share price movements between both sets of securityholders and limits short‑term volatility via a cap and collar. Based on the latest 20‑day VWAP (less than US$8.00), the indicative ratio would currently be 0.045 and will also apply to European Lithium listed options and performance rights. All other material scheme terms, conditions and the strategic rationale remain unchanged, with implementation targeted for October 2026, subject to approvals.
Critical Metals Corp (Nasdaq: CRML) announced that the Mrima Earth Limited Consortium, led by the Company, has been shortlisted as one of three American finalists from seven initial bidders in the Government of Kenya’s final tender round to develop the Mrima Hill rare earth and niobium project in Kwale County.
Mrima Hill is described as one of the world’s most significant undeveloped rare earth and niobium deposits, strategically located with access to the Port of Mombasa and complementing Critical Metals’ Tanbreez project in Greenland. According to Critical Metals, the Consortium and major shareholder European Lithium have a combined market capitalization of about US$1.5 billion and cash reserves exceeding US$400 million, which the Company says is sufficient to fund project development and Phase 1 construction. The Consortium proposes an accelerated development approach, full value-chain ambitions up to NdPr magnet production, and adherence to IFC Performance Standards, the Equator Principles and the UN Global Compact, and will now focus on the Kenyan Government’s final evaluation stage.