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Critical Metals wins court approval for European Lithium

European Lithium expects to lodge the court orders with ASIC on October 27, 2026; the schemes become legally effective upon lodgment.

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Form Type
6-K

Rhea-AI Filing Summary

Critical Metals Corp. (CRML) will acquire all issued shares and listed options of European Lithium Ltd. through two interdependent schemes of arrangement under a previously disclosed Scheme Implementation Deed. On October 26, 2026, the Supreme Court of Western Australia made orders approving the schemes, following a favorable vote by European Lithium shareholders and option holders on October 22, 2026.

The schemes become legally effective once an office copy of the court orders is lodged with the Australian Securities and Investments Commission. European Lithium expects to lodge the orders on October 27, 2026, when trading in its shares and options on the ASX is expected to be suspended from the close of trading. Critical Metals intends to rely on the court approval to qualify for the section 3(a)(10) exemption from registration for new Critical Metals shares issued under the schemes.

Scheme Implementation Deed May 18, 2026 Date Critical Metals entered into the deed
Shareholder and option-holder vote October 22, 2026 European Lithium shareholders and option holders voted in favor of the schemes
Court approval October 26, 2026 Supreme Court of Western Australia made orders approving the schemes
Expected court-order lodgment October 27, 2026 European Lithium expects to lodge an office copy of the court orders with ASIC
Scheme Implementation Deed regulatory
"entered into a Scheme Implementation Deed"
A scheme implementation deed is the legal agreement that sets out how a court-approved plan to reorganize or transfer a company will actually be carried out, acting like a detailed recipe or blueprint for the steps, timings and responsibilities needed to complete the deal. Investors care because it binds the parties to specific actions that affect ownership, shareholder rights and payments, and it determines when and how the financial changes they expect will occur.
Share Scheme regulatory
"a scheme between European Lithium and its shareholders"
Option Scheme regulatory
"a scheme between European Lithium and the holders of its listed options"
An option scheme is a company program that gives employees or other stakeholders the right to buy company shares at a fixed price after a set period, often to encourage long-term commitment. Think of it like a coupon that lets someone purchase stock later at today’s price; for investors it matters because it can increase the number of shares outstanding and change ownership stakes, while signaling how the company rewards and retains talent.
section 3(a)(10) regulatory
"exemption from registration under section 3(a)(10)"
A Section 3(a)(10) exemption is a U.S. securities rule that lets a company issue new stock or other securities without registering them with regulators when the terms are reviewed and approved by a court or government official after a hearing. Think of it as a judge signing off on a private trade so it skips the usual public paperwork; for investors, that means quicker deals but potentially less public disclosure and different resale or legal protections compared with registered securities.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the court approve for CRML's acquisition of European Lithium?

On October 26, 2026, the Supreme Court of Western Australia made orders approving the two interdependent schemes under which Critical Metals Corp. will acquire all issued shares and listed options of European Lithium Ltd. European Lithium shareholders and option holders voted in favor on October 22, 2026.

When do the CRML-European Lithium schemes become effective?

The schemes become legally effective once an office copy of the court orders is lodged with the Australian Securities and Investments Commission. European Lithium expects to lodge the orders on October 27, 2026; trading in European Lithium shares and options on the ASX is expected to be suspended from the close of trading that day.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-41973

 

Critical Metals Corp.

(Exact name of registrant as specified in its charter)

 

c/o Maples Corporate Services (BVI) Limited

Kingston Chambers, PO Box 173, Road Town

Tortola, British Virgin Islands

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒     Form 40-F ☐

 

 

 

 

EXPLANATORY NOTE

 

As previously disclosed, on May 18, 2026, Critical Metals Corp. (the “Company”) entered into a Scheme Implementation Deed (as amended) under which the Company will acquire all of the issued shares and listed options of European Lithium Ltd. (“European Lithium”) by way of two interdependent schemes of arrangement under Australian law, comprising of a scheme between European Lithium and its shareholders (the “Share Scheme”) and a scheme between European Lithium and the holders of its listed options (the “Option Scheme”, and together with the Share Scheme, the “Schemes”).

 

On October 26, 2026, the Company issued a press release regarding the transaction. The relevant language from the press release is provided below.

 

Court Approval

 

European Lithium has announced that on October 26, 2026, the Supreme Court of Western Australia (the “Court”) made orders approving the Schemes. The approval follows the vote by European Lithium shareholders and option holders in favor of the Schemes on October 22, 2026.

 

Critical Metals Corp intends to rely on the Court’s approval of the Schemes to qualify for the exemption from registration under section 3(a)(10) of the U.S. Securities Act of 1933, as amended, in connection with the issue of new Critical Metals Corp shares under the Schemes.

 

Effective Date and Implementation

 

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 that day.

 

The remaining key dates are expected to be:

 

●October 27, 2026: Effective date and last day of trading of European Lithium shares and options on the ASX

 

●October 29, 2026: Record date for entitlements to the scheme consideration

 

●November 5, 2026: Implementation date, issue of new Critical Metals Corp shares to European Lithium securityholders

 

●November 6, 2026: New Critical Metals Corp shares expected to begin trading on Nasdaq, and European Lithium removed from the ASX Official List

 

All dates refer to time in Perth, Western Australia, are indicative only and subject to change.

 

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Cautionary Note Regarding Forward-Looking Statements

 

This Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include, without limitation, statements regarding the timing of closing of the transaction, statements regarding anticipated benefits of the transaction, as well as statements regarding the financial position, financial performance, business strategy, expectations of the Company’s business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used herein, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

 

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date hereof, and expectations, forecasts and assumptions as of the date hereof involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

 

Incorporation by Reference

 

The information contained in this Form 6-K shall be deemed to be filed with the Securities and Exchange Commission and is hereby incorporated by reference into the Company’s registration statements on Form F-3 (File No. 333-299575), on Form F-3 (File No. 333-296156), on Form F-3 (File No. 333-294406), Form F-3 (File No. 333-290973), Form F-3 (File No. 333-286326), Form F-3 (File No. 333-293656), Form F-3 (File No. 333-278400), Form S-8 (File No. 333-291195) and Form S-8 (File No. 333-280017) (including any prospectuses forming a part of such registration statements) and to be a part thereof from the date on which this Form 6-K is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Critical Metals Corp.
     
October 26, 2026 By: /s/ Tony Sage
  Name: Tony Sage
  Title: Chief Executive Officer and Executive Chairman

 

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