REEx Inside Scoop | Critical Metals Corp. Advances European Lithium Merger as $12.3 Million Settlement and Share

Highlights

• European Lithium securityholders approved the merger with 99.96% of votes cast, with a Supreme Court of Western Australia hearing scheduled as the next hurdle.
• The merger exchange ratio reached its contractual maximum of 0.045 CRML shares per European Lithium share, a 28.6% increase over the original fixed ratio.
• Critical Metals settled a dispute with Jett Capital Advisors for $5 million cash plus 1,111,111 shares, reducing its as-adjusted cash balance to $97.48 million.
• Cancellation of up to 6.78 million contingent earnout shares partially offsets dilution from the higher exchange ratio and settlement shares.
• Tanbreez's commercial viability remains unproven—dissolution results and projected revenues are not equivalent to contracted production or qualified supply chain output.