What are the details of the merger between European Lithium (ASX:EUR) and Critical Metals Corp. (NASDAQ:CRML)?

European Lithium (ASX:EUR) has signed a binding Scheme Implementation Deed under which Critical Metals Corp. (NASDAQ:CRML) will acquire 100% of its issued share capital and listed options.

What will European Lithium (ASX:EUR) shareholders receive in the takeover?

European Lithium (ASX:EUR) shareholders will receive 0.035 new CRML shares for every EUR share they hold. These shares will be issued either directly on the NASDAQ or via ASX-listed CHESS Depository Interests (CDIs), depending on whether Critical Metals Corp. proceeds with a planned secondary listing on the Australian Securities Exchange.

How will European Lithium (ASX:EUROC) listed optionholders be treated under the deal?

Listed optionholders of European Lithium will participate in a parallel court-approved option scheme of arrangement. They will receive new Critical Metals Corp. (NASDAQ:CRML) shares calculated on a cashless, in-the-money exercise basis.

What mining assets are involved in the Critical Metals Corp. (NASDAQ:CRML) acquisition?

The transaction consolidates full ownership of two major European critical mineral assets under Critical Metals Corp. (NASDAQ:CRML). It secures 100% control of the Tanbreez Rare Earths Project in Greenland by absorbing European Lithium's minority interests.

Why is Critical Metals Corp. (NASDAQ:CRML) consolidating ownership of the Tanbreez Rare Earths Project?

Prior to the deal, ownership of the Tanbreez project was fragmented, with Critical Metals Corp. (NASDAQ:CRML) holding 92.5%, and European Lithium (ASX:EUR) holding a 7.5% direct interest alongside a 31% stake in CRML itself.

What strategic problem does this merger solve for European Lithium (ASX:EUR) shareholders?

The transaction removes the look-through valuation discount and strategic overhang that historically suppressed European Lithium’s (ASX:EUR) share price due to its minority holdings in CRML and Tanbreez.

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Critical Metals to acquire European Lithium in merger

Written by Liezl GambePublished May. 19 2026Last Updated May. 19 2026

European Lithium (ASX:EUR) has entered into a binding scheme implementation deed with NASDAQ-listed Critical Metals Corp. (NASDAQ:CRML).

Under the proposed dual court-approved schemes of arrangement, CRML will acquire 100% of the issued share capital and listed options of EUR.

European Lithium shareholders are set to receive 0.035 new CRML shares for each EUR share held, which will be delivered either directly or via ASX-listed CHESS Depository Interests if CRML establishes a secondary Australian listing.

Upon implementation, EUR shareholders will own approximately 41% of the combined group, while listed optionholders will receive new CRML shares under a parallel cashless, in-the-money option scheme.

The transaction centralises ownership of the world-class Tanbreez Rare Earths Project in Greenland.

Currently, EUR holds a 7.5% direct interest and a 31% stake in CRML, which owns the remaining 92.5% of Tanbreez.

By combining the two entities, CRML will consolidate 100% ownership of the Greenland project alongside its existing 100% stake in the Wolfsberg Lithium Project in Austria.

The merger eliminates the look-through valuation discount and strategic overhang previously associated with EUR’s minority holdings.

Management expects the unified structure to deliver a simpler, more compelling investment proposition.

At the time of reporting, European Lithium's share price was $0.42.