Brief: European Lithium To Combine With CRML For Implied Valuation A$0.58 Per Share

Critical Metals

28/04/2026 02:15

April 28 (Reuters) - European Lithium Ltd EUR.AX:

EUR TO COMBINE WITH CRML IMPLIED VALUATION A$0.58 PER SHARE

ESTABLISHED INDEPENDENT BOARD COMMITTEE (IBC)  TO CAREFULLY CONSIDER MERITS OF PROPOSAL

PROPOSAL CONTEMPLATES ALL LISTED CO OPTIONS WILL BE ACQUIRED VIA OPTION SCHEME OF  ARRANGEMENT

UNDER DEAL ALL EUR SHARES WILL BE ACQUIRED AT EXCHANGE RATIO OF 0.035 CRML SHARES FOR EACH EUR SHARE

PARTIES TO EXECUTE A BINDING SCHEME IMPLEMENTATION DEED  BY 7 MAY

IBC RECOMMENDED IT IS IN BEST INTERESTS OF SHAREHOLDERS TO ENTER NON BINDING INDICATIVE DEAL TO FURTHER PROGRESS OF PROPOSAL

EUR AND CRML AGREED TO NEGOTIATE EXCLUSIVELY WITH ONE ANOTHER WITH VIEW TO COMPLETE DUE DILIGENCE BY 7 MAY

EUR BOARD NOTES THAT THERE IS NO GUARANTEE THAT PROPOSAL WILL RESULT IN TRANSACTION

Further company coverage: CRML.O

 ((Reuters.Briefs@thomsonreuters.com;))