Critical Metals signs definitive deal to acquire European Lithium

• Critical Metals signed a binding deal to acquire European Lithium in a share exchange that would fold European Lithium’s 31% stake in Critical Metals into the combined group and support a planned reduction of those cross-held shares to limit dilution while lifting public float.
• European Lithium shareholders are set to receive 0.035 Critical Metals shares for each European Lithium share.
• The transaction would consolidate ownership of the Tanbreez rare earth project in Greenland, where European Lithium holds 7.5%, positioning Critical Metals to own 100%.
• European Lithium had about AUD 306 million in cash as of March 31, 2026, while Critical Metals reported about USD 124 million in standalone cash; European Lithium also held marketable securities valued at about USD 18 million, excluding the cross-holding shares.
• Completion is targeted for the second half of 2026, with a European Lithium shareholder vote expected in Q3 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Critical Metals Corp. published the original content used to generate this news brief on May 18, 2026, and is solely responsible for the information contained therein.