Critical Metals Corp. filed a Form 6-K on October 26, 2026, reporting that the Supreme Court of Western Australia approved the schemes of arrangement under which Critical Metals will acquire all issued shares and listed options of European Lithium Ltd.

Key Highlights

  • Court approval granted: The Supreme Court of Western Australia made orders approving the Schemes on October 26, 2026, according to the filing.
  • Shareholder vote preceded approval: European Lithium shareholders and option holders voted in favor of the Schemes on October 22, 2026.
  • Effective date expected October 27, 2026: The Schemes become legally effective once an office copy of the Court orders is lodged with the Australian Securities and Investments Commission.
  • Implementation date set for November 5, 2026: New Critical Metals Corp shares are expected to be issued to European Lithium securityholders on that date.
  • New shares expected to begin trading November 6, 2026: Critical Metals Corp shares are expected to begin trading on Nasdaq, and European Lithium is expected to be removed from the ASX Official List.
  • Section 3(a)(10) exemption: Critical Metals Corp. disclosed it intends to rely on the Court's approval to qualify for the exemption from registration under section 3(a)(10) of the U.S. Securities Act of 1933, as amended.

Critical Metals Corp. Scheme Timeline and Court Approval Details

According to the filing, Critical Metals Corp. (NASDAQ:CRML) entered into a Scheme Implementation Deed on May 18, 2026, under which the company agreed to acquire all issued shares and listed options of European Lithium Ltd. by way of two interdependent schemes of arrangement under Australian law: a Share Scheme and an Option Scheme. The filing reports that the Supreme Court of Western Australia approved both Schemes on October 26, 2026, following a shareholder and option holder vote in favor of the Schemes on October 22, 2026.

The filing states that the Schemes will become legally effective once an office copy of the Court orders is lodged with the Australian Securities and Investments Commission, which European Lithium expects to do on October 27, 2026. Trading in European Lithium shares and options on the ASX is expected to be suspended from the close of trading on that day. The record date for entitlements to the scheme consideration is expected to be October 29, 2026.

The filing notes that all dates "refer to time in Perth, Western Australia, are indicative only and subject to change." The filing also contains forward-looking statements, which the company identifies as subject to risks and uncertainties, and notes that actual results could differ materially from those expected. The filing was signed by Tony Sage, Chief Executive Officer and Executive Chairman of Critical Metals Corp.

What Was Disclosed

Critical Metals Corp. disclosed via Form 6-K that the Supreme Court of Western Australia approved the schemes to acquire European Lithium Ltd., with an expected implementation date of November 5, 2026, and new shares expected to begin Nasdaq trading on November 6, 2026.