Critical Metals and European Lithium amend deal; groundwork for September close
Jul 3, 2026, 8:33 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Amendments reduce dilution risk for small EUR holders and simplify the share issuance, while preserving terms and preserving near-term catalysts (booklet and close). The 41% stake for EUR signals scale; progress toward a Sept close can re-rate CRML on strategic asset value.
AI summary
What happened, with direct paths to the underlying reporting
Critical Metals and European Lithium amended the Scheme Implementation Deed for the proposed acquisition. The changes add a sale facility for small EUR holders to cash out, and replace the CDI with direct CRML share issuance to eligible holders. Booklet to be issued late July/early August 2026, with completion expected in September 2026; European Lithium would own ~41% of the combined company, supporting scale in Europe.
CRML and European Lithium amend the Scheme; terms unchanged. Amendments adjust mechanics.
Sale facility enables small EUR holders to cash out. Shares issued to eligible holders.
Direct CRML share issuance replaces CDI structure. CDI replaced.
Booklet late July/early August 2026; close in September 2026. Timeline unchanged.
EUR to own about 41% of the combined company. CRML holders own remainder.
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