European Lithium Board Backs $835 Million Critical Metals Merger as Vote Looms
Published on 09/19/2026 at 12:01 | Editorial boerse-global.de
European Lithium shareholders are approaching a decisive crossroads, with a court-approved scheme that would fold the Australian-listed developer into Nasdaq-traded Critical Metals Corp. and hand them a 41% stake in the enlarged group.
The company's stock ended Friday at EUR 0.2265, slipping 0.7% on the day but still sitting on a 150% gain since the start of the year — a run powered largely by momentum behind the merger.
A Share-for-Share Tie-Up
Under the proposed arrangement, Critical Metals would acquire the entire issued share capital of European Lithium along with all its listed options, using court-sanctioned schemes of arrangement. Media reports peg the all-stock deal's total value at $835 million.
Once completed, existing European Lithium holders would own 41% of the combined entity. The union would create a diversified critical minerals player anchored by two European-linked assets: European Lithium's Wolfsberg lithium project in Austria and Critical Metals' Tanbreez rare earths project in Greenland.
Should investors sell immediately? Or is it worth buying European Lithium?
Court Clears the Path
The framework for the upcoming ballot was set last Tuesday, when the first court hearing in the takeover process took place. The Supreme Court of Western Australia authorized the convening of securityholder meetings and approved the dispatch of documentation, while the corporate regulator ASIC simultaneously registered the scheme materials. The stock has climbed 9.2% since that hearing.
An independent expert concluded that the share acquisition is not fair but is reasonable and in the best interests of European Lithium shareholders. For optionholders, the expert deemed the treatment fair and reasonable. The independent board committee has thrown its weight behind the proposal and urged securityholders to vote in favor at the coming meetings.
Timeline to Completion
Around September 22, 2026, the official scheme booklet is due to reach shareholders and optionholders. Voting by shareholders, optionholders and a related general meeting is scheduled for October 2026. Subject to the remaining approvals and conditions, the transaction is targeted for implementation in November 2026.
For investors who once backed a single-project developer, the shift marks a change in role: exposure to a broader conglomerate with diversified risk, but less direct leverage on any one operation's success. Whether that trade-off proves worthwhile will be settled when the votes are counted this autumn.
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