CRML Set to Acquire European Lithium

CRML set to acquire European Lithium

European Lithium has entered a binding scheme of arrangement with Nasdaq-listed Critical Metals Corporation, with the former's board recommending its shareholders vote in favour of it.

Critical Metals Signs Definitive Agreement to Acquire European Lithium

Critical Metals Corp. (Nasdaq: CRML) has signed a binding Scheme Implementation Deed to acquire all issued shares and listed options of European Lithium Ltd. (ASX: EUR), advancing its plan to consolidate ownership of the Tanbreez rare earth project in Greenland. The transaction will be implemented through two interdependent schemes of arrangement under Australian law, with European Lithium shareholders to receive 0.035 Critical Metals shares for…