> ## Content Index
> Fetch the complete content index at: https://www.bullished.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# European Lithium Option Holders To Get 0.0353158621 Critical Metals Shares Per Option
- URL: https://www.bullished.co/european-lithium-option-holders-to-get-0-0353158621-critical-metals-shares-per-option-6641f60e/
- Published: 2026-10-28T20:11:02.000Z
- Updated: 2026-10-28T20:11:02.000Z
- Description: Holders of 991 or fewer options get cash instead, and Nasdaq trading in the new shares is expected to begin November 6.
- Author: Matteo Parrino
- Tags: SEC Filings, CRML, Industry: Materials

[Critical Metals](https://www.bullished.co/tag/crml/), a mining exploration company focused on heavy rare earths and lithium, set the price of its takeover of European Lithium's options: eligible holders get [0.0353158621 new Critical Metals shares](https://www.sec.gov/Archives/edgar/data/1951089/000121390026113302/ea0310002-6k%5Fcritical.htm?ref=bullished.co) for each option held at the record date, the company said Wednesday. That works out to about 35.32 shares per 1,000 options, subject to rounding of fractional entitlements.

## How the option ratio was built

The figure comes from the cashless exercise formula in the scheme booklet dated September 15, 2026\. Its inputs are the 0.045 Share Scheme transaction ratio, the A$0.10 option exercise price converted at an AUD/USD rate of 0.7021 published by the Reserve Bank of Australia, and a Scheme VWAP (volume-weighted average price) of US$7.25.

Holders of 991 or fewer options at the record date are Small Optionholders. They get no new shares and instead receive their pro rata share of the [net cash proceeds](https://www.globenewswire.com/news-release/2026/10/28/3390252/0/en/critical-metals-corp-confirms-option-scheme-consideration-for-european-lithium-acquisition.html?ref=bullished.co) from selling the shares they would otherwise have received. Ineligible and Electing Optionholders are treated separately under the booklet's terms.

## A lithium and rare earths explorer

Critical Metals has no producing mines. It holds a 92.5% interest in the Tanbreez rare earth project in southern Greenland, which has a mining exploitation license, and owns the Wolfsberg Lithium Project in Austria. It also holds 20% of the Weinebene and Eastern Alps lithium projects in Austria.

The company signed its Scheme Implementation Deed on May 18, 2026, to buy all of European Lithium's shares and listed options through two interdependent Australian schemes of arrangement. Holders voted in favor on October 22, and the Supreme Court of Western Australia [approved the schemes](https://www.globenewswire.com/news-release/2026/10/26/3388092/0/en/critical-metals-corp-acquisition-of-european-lithium-approved-by-supreme-court-of-western-australia.html?ref=bullished.co) on October 26\. The schemes became effective on October 27.

## Dates through November 6

The record date for entitlements is October 29, at 4:00pm Perth time. New shares are due to be issued to European Lithium securityholders on November 5, the implementation date, and are expected to begin trading on Nasdaq on November 6\. European Lithium is to be removed from the ASX Official List the same day.

The dates are indicative and subject to change, with any changes to be announced by European Lithium on the ASX. Critical Metals shares closed at $7.79 on Wednesday, giving the company a market value of $1.2 billion.

The next marker is October 29, when the record date fixes who receives the new shares issued on November 5.

### Sources

- [Form 6-K — 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 holder](https://www.sec.gov/Archives/edgar/data/1951089/000121390026113302/ea0310002-6k%5Fcritical.htm?ref=bullished.co) — SEC EDGAR
- [Critical Metals Corp. Form 6-K filed October 26, 2026](https://www.sec.gov/Archives/edgar/data/1951089/000121390026112523/ea0309742-6k%5Fcritical.htm?ref=bullished.co) — sec.gov
- [Critical Metals Corp. Acquisition of European Lithium Becomes Effective | Nasdaq](https://www.nasdaq.com/press-release/critical-metals-corp-acquisition-european-lithium-becomes-effective-2026-10-27?ref=bullished.co) — nasdaq.com
- [Critical Metals Corp. Acquisition of European Lithium](https://www.globenewswire.com/news-release/2026/10/27/3389002/0/en/critical-metals-corp-acquisition-of-european-lithium-becomes-effective.html?ref=bullished.co) — globenewswire.com
- [Critical Metals Corp. Acquisition of European Lithium](https://www.globenewswire.com/news-release/2026/10/26/3388092/0/en/critical-metals-corp-acquisition-of-european-lithium-approved-by-supreme-court-of-western-australia.html?ref=bullished.co) — globenewswire.com
- [Critical Metals Corp. Confirms Option Scheme Consideration](https://www.globenewswire.com/news-release/2026/10/28/3390252/0/en/critical-metals-corp-confirms-option-scheme-consideration-for-european-lithium-acquisition.html?ref=bullished.co) — globenewswire.com

### More on Critical Metals

- [Critical Metals Clears Australian Court Hurdle For All-Share Takeover Of European Lithium](https://www.bullished.co/critical-metals-clears-australian-court-hurdle-for-all-share-takeover-of-european-lithium-66059357/)
- [European Lithium Holders Back Critical Metals Takeover With 99.96% Of Votes Cast](https://www.bullished.co/european-lithium-holders-back-critical-metals-takeover-with-99-96-of-votes-cast-49a31c28/)

[All Critical Metals (CRML) coverage →](https://www.bullished.co/tag/crml/)