Critical Metals Proposes $835 Million Acquisition of European Lithium

Critical Metals Corp. (CRML) has unveiled a proposal to acquire European Lithium Ltd. in a transaction valued at approximately $835 million. The move is designed to streamline the company's ownership structure and expand its control over essential mineral assets. Under the proposed terms, shareholders of European Lithium will receive 0.035 shares of Critical Metals for each share they currently hold. A central feature of the deal is the treatment of cross-holding shares; European Lithium currently owns roughly 34% of Critical Metals, representing 45,536,338 shares valued at $540 million as of April 22. Critical Metals intends to cancel these shares upon completion, a move that would materially increase the public float while substantially reducing dilution for existing shareholders. Beyond the corporate restructuring, the acquisition provides a strategic advantage regarding the Tanbreez Rare Earth Project in Greenland. European Lithium currently holds a 7.5% stake in the project, and the completion of this merger would allow Critical Metals to consolidate 100% ownership of the asset, simplifying the operational and ownership framework. Market reaction was immediate, with CRML shares climbing 6.86% to $12.30 in pre-market trading following the announcement. The companies anticipate that the transaction will be finalized during the second half of 2026.