European Lithium completed its merger with special purpose acquisition vehicle Sizzle, forming Critical Metals (NASDAQ:CRML).

The merger positions Critical Metals as a key player in the lithium market, focusing on advancing the Wolfsberg Lithium Project for Europe's green energy transition.

The merger boosts Critical Metals' valuation to approximately US$839.2 million ($1.29 billion).

The Nasdaq listing enhances European Lithium's position and potential returns for shareholders in the expanding lithium market.