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European Lithium Limited (ASX:EUR)

ALERT: Price-sensitive ASX Announcement for EUR
Current share price for EUR : $0.340 -0.14 (-29.17%)+
Announcement
Release
8 May 2026 8:12AM
Price at Release
$0.480
Full Release
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Summary
European Lithium Limited (ASX: EUR) and NASDAQ-listed Critical Metals Corp (CRML) have mutually agreed, following the completion of due diligence, to extend the exclusivity period to finalize a scheme implementation deed for CRML's acquisition of EUR. Under this arrangement, EUR shareholders would receive 0.035 new CRML shares for each EUR share owned, and EUR Listed Optionholders would obtain CRML shares equivalent to the in-the-money value of their options on a cashless basis. The transaction is structured as a Court-approved scheme of arrangement under the Corporations Act 2001, with the terms remaining consistent with a previously announced non-binding indicative offer. The extension provides additional time to finalize the necessary documentation, and this update was authorized by European Lithium Limited's Board of Directors.
Key Points
  • European Lithium Limited (EUR) and Critical Metals Corp (CRML) have extended their exclusivity period.
  • The extension allows more time to finalize the scheme documentation.
  • EUR shareholders will receive 0.035 new CRML shares per EUR share held.
  • EUR Listed Optionholders will also receive new CRML shares based on the in-the-money value of their options.
  • The transaction involves a Court-approved scheme of arrangement under the Corporations Act 2001.
  • EUR and CRML have completed mutual due diligence.
  • The terms remain unchanged from the previously disclosed non-binding indicative offer.
  • The announcement was authorized by the Board of Directors of European Lithium Limited.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.