The ratio lock at the maximum ratio removes a key uncertainty ahead of today's vote. Watch for the vote outcome and subsequent Supreme Court of Western Australia approval and final Option Scheme consideration announcement expected on or around October 28, 2026. The cross-filing 20-F (annual report) provides baseline financial context but contains no new catalyst.
Price Chart
Executive Summary
Critical Metals Corp. announced the final Share Scheme Transaction Ratio for its acquisition of European Lithium Ltd. Because CRML's 20-day VWAP fell at or below the $8.00 floor price, European Lithium shareholders will receive the maximum ratio of 0.045 new CRML shares per EUR share held. The vote on the schemes occurs today, October 22, 2026 — this filing removes deal-ratio uncertainty but does not change the fundamental economics for CRML shareholders.
Key Facts
- Share Scheme Transaction Ratio set at 0.045 CRML shares per European Lithium share (maximum ratio due to VWAP at or below $8.00 floor)
- 20-day VWAP measurement period: September 23 to October 20, 2026
- Floor price: $8.00; Ceiling price: $16.00
- European Lithium securityholder vote on the schemes scheduled for October 22, 2026
- Option Scheme consideration for listed options (ASX: EUROC) to be calculated via cashless exercise formula with option exercise price of A$0.10
Financial Impact
Deal consideration fixed at 0.045 CRML shares per EUR share; value will fluctuate with CRML share price and AUD/USD exchange rate. No new cash or debt disclosed.
Risk Factors
- European Lithium securityholders may vote against the schemes
- Supreme Court of Western Australia approval not yet obtained
- Consideration value subject to CRML share price and AUD/USD exchange rate volatility
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-111467 |
| Document: ea030935601ex99-1.htm | 0001213900-26-111467 |
| Document: 0001213900-26-111467-index-headers.html | 0001213900-26-111467 |
| Document: 0001213900-26-111467-index.html | 0001213900-26-111467 |
| Document: 0001213900-26-111467.txt | 0001213900-26-111467 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | $6.35 | awaiting T+5 | — | $6.38 (+0.47%) |
Oct 22, 2026 4d ago | 6-K | $6.36 | awaiting T+5 | — | $6.38 (+0.31%) |
Oct 22, 2026 4d ago | Press Release | $6.19 | awaiting T+5 | — | $6.38 (+3.07%) |
Oct 22, 2026 4d ago | 6-K | $6.19 | awaiting T+5 | — | $6.38 (−3.07%) |
Oct 22, 2026 4d ago | 6-K | $6.19 | awaiting T+5 | — | $6.38 (+3.07%) |
Oct 2, 2026 24d ago | 6-K | $7.03 $6.86 | ▼ −2.42% | ▼ −3.58% | $6.38 (−9.25%) |
Sep 25, 2026 4w ago | 20-F | $7.65 $7.51 | ▲ +1.83% | ▲ +3.03% | $6.38 (+16.60%) |
Sep 16, 2026 5w ago | 6-K | $6.48 $7.72 | ▲ +19.14% | ▲ +16.57% | $6.38 (−1.54%) |
Aug 21, 2026 9w ago | 6-K | $7.11 $7.12 | ▲ +0.14% | ▼ −0.33% | $6.38 (−10.27%) |
Jul 3, 2026 16w ago | Press Release | $9.56 $8.47 | ▼ −11.40% | ▼ −12.33% | $6.38 (−33.26%) |
US Market Status
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