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AI compiled from Infoway · 4 analyzed stories

Critical Metals Corp. Acquisition of European Lithium Becomes Effective

Critical Metals Corp said court-approved schemes for its proposed acquisition of European Lithium became legally effective. The deal would give it 100% of European Lithium and its listed options, paid in new Critical Metals shares, with implementation expected November 5, 2026.

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What happened

Critical Metals completed its acquisition of European Lithium on November 5, 2026. It now owns all of Greenland’s Tanbreez rare-earth project, up from 42%. The company reported about $264.5 million in cash and targets a project feasibility study in late 2027. It expects first ore production in late 2028 or early 2029.

Global impact / market context

Full ownership gives Critical Metals ownership of the whole project. The reported cash and future study target matter to investors, but production is not expected for several years, and the timing remains a company target.

What to watch

  1. Check for the Tanbreez feasibility study, targeted for late 2027; it would show whether the project is advancing.
  2. Check for updates on the review of non-core assets; the company has said the review is under way.
  3. Check for updates to the expected first ore production timing of late 2028 or early 2029; this indicates whether the company’s stated schedule has changed.

Affected assets

  • Critical Metals Corp.
  • European Lithium Limited
  • Tanbreez rare-earth project

Evidence