The shareholder vote removes a key condition precedent; the remaining catalyst is the court approval hearing on October 26. If approved, the deal will close by early November, adding European Lithium's assets (including the Wolfsberg Lithium Project) to Critical Metals' portfolio. Monitor the court ruling and any potential delays.
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Executive Summary
Critical Metals Corp announced that European Lithium shareholders and optionholders voted overwhelmingly in favor of the company's proposed acquisition via schemes of arrangement. The deal now requires approval by the Supreme Court of Western Australia at a hearing scheduled for October 26, 2026, with an expected effective date of October 27, 2026. This is a key milestone advancing the all-stock acquisition, which would consolidate Critical Metals' position in European critical minerals.
Key Facts
- Share Scheme approved by 99.96% of votes cast and 97.22% of shareholders present and voting
- Option Scheme approved by 100% of votes cast and 100% of optionholders present and voting
- Second court hearing scheduled for October 26, 2026
- Expected effective date: October 27, 2026
- Implementation date expected November 5, 2026
- New Critical Metals Corp shares expected to begin trading on Nasdaq on November 6, 2026
- Consideration payable in new ordinary shares of Critical Metals Corp
Financial Impact
All-stock acquisition of European Lithium; deal value not disclosed in this release
Risk Factors
- Court approval is still required and could be delayed or denied
- All-stock consideration will dilute existing Critical Metals shareholders
- Integration and operational execution risks post-acquisition
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3386373 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Press Release | $6.48 | awaiting T+5 | — | $6.98 (+7.66%) |
Oct 26, 2026 today | 6-K | $6.35 | awaiting T+5 | — | $6.98 (+9.86%) |
Oct 22, 2026 4d ago | 6-K | $6.36 | awaiting T+5 | — | $6.98 (+9.69%) |
Oct 22, 2026 5d ago | Press Release | $6.19 | awaiting T+5 | — | $6.98 (+12.70%) |
Oct 22, 2026 5d ago | 6-K | $6.19 | awaiting T+5 | — | $6.98 (−12.70%) |
Oct 22, 2026 5d ago | 6-K | $6.19 | awaiting T+5 | — | $6.98 (+12.70%) |
Oct 2, 2026 24d ago | 6-K | $7.03 $6.86 | ▼ −2.42% | ▼ −3.58% | $6.98 (−0.76%) |
Sep 25, 2026 4w ago | 20-F | $7.65 $7.51 | ▲ +1.83% | ▲ +3.03% | $6.98 (+8.81%) |
Sep 16, 2026 5w ago | 6-K | $6.48 $7.72 | ▲ +19.14% | ▲ +16.57% | $6.98 (+7.66%) |
Aug 21, 2026 9w ago | 6-K | $7.11 $7.12 | ▲ +0.14% | ▼ −0.33% | $6.98 (−1.88%) |
US Market Status
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