EUR.ASX: Update on Proposed Merger between EUR and CRML

Update on Proposed Merger between EUR and CRML

Stock	European Lithium Ltd (EUR.ASX)
Release Time	19 Aug 2026, 9:36 a.m.
Price Sensitive	Yes

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European Lithium Announces Revised Merger Terms with Critical Metals Corp

Key Points

Revised Share Scheme Transaction Ratio introduced
Floating ratio based on CRML Share VWAP
Maximum ratio of 0.045 currently applies
Scheme Booklet expected in early September 2026
Implementation expected in October 2026

Full Summary

European Lithium Limited (ASX: EUR) has announced an update on the proposed merger with Critical Metals Corp (NASDAQ: CRML). The principal change to the terms of the merger is the introduction of a floating Share Scheme Transaction Ratio, replacing the previous fixed ratio. The new ratio will be determined by the average daily volume-weighted average price (VWAP) of CRML Shares on NASDAQ over the 20 consecutive trading days ending on the second trading day before the Share Scheme Meeting. The ratio will adjust on a linear basis between a maximum of 0.045 and a minimum of 0.025, based on the VWAP. The Scheme Booklet, including an Independent Expert's Report, is expected to be dispatched in early September 2026, with implementation anticipated in October 2026, subject to shareholder and court approvals.

Guidance

European Lithium's investment in CRML valued at US$303,272,011 as of 14 August 2026

Outlook

The merger is expected to be implemented in October 2026, subject to shareholder and court approvals.