European Lithium (CRML) sells 2.5M Critical Metals shares in $33.75M deal
Rhea-AI Filing Summary
Critical Metals Corp. received an ownership update from major shareholder European Lithium Limited. European Lithium entered a Securities Purchase Agreement on February 3, 2026 to sell 2,500,000 Ordinary Shares for $33,750,000, with the transaction closing on February 4, 2026.
After this sale, European Lithium beneficially owns 45,536,338 Ordinary Shares, representing 37.3% of Critical Metals’ outstanding Ordinary Shares, based on 122,074,807 shares outstanding as of February 4, 2026. European Lithium also has a potential entitlement to 3,389,419 additional earnout shares if specified price-related conditions are met within five years of the business combination.
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FAQ
What change in ownership of Critical Metals Corp. (CRML) does this Schedule 13D/A report?
European Lithium Limited reports a reduced stake in Critical Metals Corp.. After selling 2,500,000 Ordinary Shares, it now beneficially owns 45,536,338 shares, representing 37.3% of the company’s 122,074,807 outstanding Ordinary Shares as of February 4, 2026.
How many Critical Metals (CRML) shares did European Lithium sell and for what price?
European Lithium agreed to sell 2,500,000 Ordinary Shares of Critical Metals. Under the Securities Purchase Agreement dated February 3, 2026, the aggregate purchase price payable to European Lithium was $33,750,000, and the transaction closed on February 4, 2026.
What percentage of Critical Metals Corp. (CRML) does European Lithium now own?
Following the February 2026 share sale, European Lithium beneficially owns 37.3% of Critical Metals’ Ordinary Shares. This percentage is based on 45,536,338 shares held by European Lithium and a total of 122,074,807 Ordinary Shares outstanding as of February 4, 2026.
Does European Lithium have any potential additional earnout shares in Critical Metals (CRML)?
Yes. European Lithium may receive up to 3,389,419 earnout shares of Critical Metals. These shares are issuable on two occasions if certain share price-related terms and conditions are satisfied during the five-year period following completion of the business combination.
What agreement governed European Lithium’s February 2026 sale of Critical Metals (CRML) shares?
The sale was governed by a Securities Purchase Agreement dated February 3, 2026 between European Lithium and a third party. Under this agreement, European Lithium sold 2,500,000 Ordinary Shares of Critical Metals for an aggregate consideration of $33,750,000.
How did European Lithium originally acquire its Critical Metals (CRML) shares?
European Lithium originally acquired 66,416,641 Ordinary Shares of Critical Metals on February 27, 2024. This occurred in connection with a business combination under an Agreement and Plan of Merger involving Critical Metals, European Lithium, Sizzle Acquisition Corp., ELAT, and Project Wolf Merger Sub Inc.