Critical Metals Corp and European Lithium extend exclusivity period
Critical Metals Corp announced an extension of the exclusivity period with European Lithium Limited to finalize acquisition documentation, following mutual due diligence.
Critical Metals Corp (Nasdaq: CRML) announced on Tuesday, May 7, 2026, that it has agreed with ASX-listed European Lithium Limited (ASX: EUR) to extend the exclusivity period between the parties to finalize a binding scheme implementation deed (SID).
The mutual due diligence between Critical Metals Corp and European Lithium Limited has been completed. The extension is intended to provide additional time for the parties to finalize the documentation required for the proposed transaction.
The terms of the acquisition remain unchanged from the previously announced non-binding indicative offer. Under the proposed scheme of arrangement, European Lithium shareholders would receive 0.035 new CRML shares for each EUR share they hold. Holders of European Lithium's listed options are also set to receive new CRML shares based on the in-the-money value of their options on a cashless exercise basis.
European Lithium will continue to update the market on developments as required. Critical Metals Corp is focused on mining critical metals and minerals essential for Europe and its Western partners.