The Supreme Court of Western Australia has ordered separate meetings of European Lithium shareholders and optionholders for October 22, 2026, to vote on the company’s acquisition by Nasdaq-listed Critical Metals Corp. The scheme booklets reached investors about a week ago, pushing the all-scrip transaction into its decisive phase.
The headline value is reported at $835 million, and the independent expert’s assessment — included in the dispatched documents — concluded the offer is “not fair, but reasonable,” a formulation that effectively tells shareholders the price is light but the deal is acceptable. Existing European Lithium holders would emerge with 41 percent of the combined entity. If the resolution passes and court approvals follow, the transaction is expected to close in November 2026.
The strategic logic sits in Critical Metals’ flagship: the Tanbreez deposit in southern Greenland, one of the world’s largest rare-earth deposits with deep-water shipping access. The merger would create a European-facing critical-minerals consolidator holding lithium development assets alongside heavy rare earths — arriving just as China’s November 10 rare-earth truce expiry turns non-Chinese supply chains into a premium asset class. European Lithium’s FY2026 accounts showed A$296.3 million in liquid funds, with the year’s bottom line dominated by a A$1.276 billion non-cash deconsolidation gain.