Critical Metals Corp. (NASDAQ: CRML) announced it has extended the exclusivity period with European Lithium Limited (ASX: EUR) to allow additional time to finalize documentation for a proposed acquisition scheme.

The companies completed mutual due diligence and agreed to extend the exclusivity period to finalize a binding scheme implementation deed. Under the proposed arrangement, EUR shareholders would receive 0.035 new CRML shares for each EUR share held.

The transaction is structured as an acquisition by CRML of 100% of EUR's issued share capital and all EUR listed options through court-approved schemes of arrangement. EUR optionholders would receive new CRML shares reflecting the in-the-money value of their options on a cashless exercise basis.

The proposed transaction terms remain unchanged from those disclosed in CRML's April 27, 2026 release regarding the non-binding indicative offer, according to the company statement.

Critical Metals Corp. is a mining development company focused on critical metals and minerals. Its projects include the Tanbreez rare-earth deposit in Greenland and the Wolfsberg Lithium Project in Austria.