en.Wedoany.com Reported - Critical Metals Corp (NASDAQ: CRML) and European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) have signed an amendment deed to modify the execution mechanism for the proposed acquisition of European Lithium.

The amendment retains the original commercial terms of the transaction but adjusts certain execution mechanisms. Under the revised terms, shareholders and holders of listed options who hold 50,000 or fewer shares or options in European Lithium as of the applicable record date will be eligible to participate in a sale arrangement. The Critical Metals common shares they would have received will be sold in the market by a designated selling agent, with holders receiving the net cash proceeds from the sale. Additionally, the Critical Metals common shares issued as consideration under the scheme will be directly issued to eligible European Lithium security holders, replacing the previously contemplated CHESS depository interest structure.

The amendment does not alter the agreed-upon scheme consideration, the key conditions for transaction completion, or the strategic rationale for the acquisition. Both parties continue to cooperate to satisfy the remaining conditions required to complete the transaction. European Lithium currently expects to release a scheme booklet in late July or early August 2026, which will be submitted to shareholders and option holders for approval as required under Australian law. Subject to obtaining the necessary approvals and satisfying or waiving the remaining conditions precedent, the parties anticipate the transaction will be implemented during September 2026. Upon completion, existing European Lithium shareholders are expected to hold approximately 41% of the combined company's issued ordinary shares.

Critical Metals Corp is a mining development company focused on critical metals and minerals, aiming to produce strategic products essential for electrification and next-generation technologies for European and Western world partners. Its flagship project, Tanbreez, is a rare earth deposit located in southern Greenland, accessible year-round via deep-water fjords. Another key asset is the Wolfsberg lithium project in Carinthia, Austria, which is the first fully permitted mine in Europe, situated close to existing road and rail infrastructure.