Critical Metals Corp (CRML) lodged its scheme booklet with ASIC for the acquisition of European Lithium. First court hearing set for Sept. 15, scheme vote in mid-October.
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Critical Metals Corp (Nasdaq: CRML) took a procedural step forward in its acquisition of European Lithium (ASX: EUR), lodging a draft scheme booklet with the Australian Securities and Investments Commission on August 26. The booklet will inform European Lithium securityholders about the court-approved schemes of arrangement under which CRML would acquire 100% of the issued capital of the Australian-listed company.
The first court hearing is scheduled for September 15, 2026, at 9:15am AWST in the Supreme Court of Western Australia. European Lithium will seek orders to convene separate meetings of shareholders and optionholders to vote on the schemes. Those meetings are expected in mid-October, with implementation targeted for early November, subject to approvals.
Mike Hanson, board director of CRML who leads the special committee for the transaction, said the lodgement "reflects the steady progress both companies are making toward completion."
CRML's asset portfolio includes the Tanbreez rare earth deposit in Greenland, described as one of the world's largest, and the Wolfsberg Lithium Project in Austria. Wolfsberg has road and rail access and is the first fully permitted lithium mine in Europe, the company said. It is expected to become a major lithium producer for the European market.
The scheme booklet will be dispatched to European Lithium securityholders after court approval. Any timetable changes will be announced on the ASX.
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