Critical Metals Signs Definitive Agreement to Acquire European Lithium
Critical Metals Corp. has signed a definitive agreement to acquire all shares of European Lithium Ltd. via a scheme of arrangement, consolidating 100% ownership of its flagship Tanbreez rare earth project in Greenland. The deal eliminates a 31% cross-holding by European Lithium in Critical Metals, reducing dilution and increasing public float, while adding approximately $219 million in cash to Critical Metals' balance sheet.
Key figures
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Zepos total
- 270000000
- Eur cash aud
- 306000000
- Eur cash usd
- 219000000
- Crml cash usd
- 124000000
- Exchange ratio
- 0.035 CRML shares per EUR share
- Cross holding pct
- 31%
- Cross holding shares
- 45536338
- Tanbreez stake acquired
- 7.5%
- Tanbreez total post deal
- 100%
AI analysis
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