Each one in plain English, with the numbers worked through for a shareholder.
2 Dec 2024regulatory community update▲ GoodMajor
Carinthian authorities ruled no Environmental Impact Assessment is needed for CRML's Wolfsberg lithium project, which the chairman says opens a fast-track approval path. EUR holds 74.30% of CRML, valued at US$452M at US$6.81. Moves the open Wolfsberg approval thread forward.
25 Nov 2024asset acquisition disposition▲ GoodMajor
EUR completed buying 100% of Ireland's Leinster Lithium Project by transferring 1,371,742 CRML shares to Technology Metals, locked up to 28 Feb 2025. This closes the April 2024 deal, which was agreed at 1,234,568 shares. George Karageorge was appointed Executive General Manager Exploration.
15 Nov 2024other▲ Good
EUR re-released Cyclone Metals' announcement of a non-binding MoU with Vale on the Iron Bear iron ore project: Vale could contribute up to US$18M, then earn up to 75%. EUR holds 74,101,028 Cyclone shares (10.66%), up from 11.3% earlier noted.
30 Oct 2024admin correction● Neutral
Appendix 4G and corporate governance statement for the year ended 30 June 2024, lodged with the annual report. Compliance paperwork with no new business information.
30 Oct 2024annual report● Neutral
FY2024 annual report. The chairman says the lithium price collapse hurt the share price despite a strong operating year, and that accounting rules stop the balance sheet showing the CRML stake, worth A$1.145B at 30 June. Financial figures were not visible in the text.
30 Oct 2024listing compliance notice▲ Good
ASX will lift EUR's suspension from the start of trading on 31 October 2024 after it lodged its 2024 accounts. This resolves the suspension imposed on 1 October for the late report.
30 Oct 2024quarterly activities report▼ Bad
September quarter: CRML's price fell to US$6.23, valuing EUR's stake at US$422M versus US$688M in July. A 14-hole Tanbreez drilling program (up to 2,200m) is complete, and the Obeikan JV was assigned to CRML. Leinster due diligence continues.
14 Oct 2024agm notice● Neutral
EUR expects to hold its AGM on 29 November 2024. Director nominations were due by 17 October 2024. Administrative notice.
1 Oct 2024listing compliance notice▼ BadMajor
ASX suspended EUR's shares from 1 October 2024 for not lodging its annual report on time. This follows the company's own delay notice of 30 September. Trading resumes once the report is filed.
30 Sept 2024other▼ Bad
EUR will miss the 30 September deadline for its 2024 annual report. It says it is waiting for CRML's accounts to finish the audit, citing the complexity of the merger, and expects to file by 15 October 2024.
31 July 2024quarterly activities report● Neutral
June quarter: CRML received US$15M from BMW and reached 42% of Tanbreez. EUR's CRML stake was valued at US$688M at US$10.15. Leinster acquisition and Austrian exploration preparation continue. Mostly restates known events.
24 July 2024asset acquisition disposition▲ Good
CRML issued 8,398,656 shares to Rimbal for a further 36.45% of Tanbreez, lifting its stake to 42.00%. EUR keeps its 7.5%. EUR's CRML holding is now described as approximately 75%, down from 83.03%, with the cause not explained in the text.
4 July 2024joint venture update▲ GoodMajor
Obeikan signed the shareholder agreement for the 50:50 Saudi lithium hydroxide plant joint venture, to be called Arabian New Energy. It becomes binding once CRML signs, and the company still has to be incorporated. This progresses the open Obeikan thread from the June 2023 term sheet.
1 July 2024other▲ Good
CRML was added to the Russell 2000, Russell 3000 and Russell Microcap indexes from 1 July 2024. EUR's CRML stake was valued at US$764M at 28 June. No change to EUR's holdings or operations.
19 June 2024asset acquisition disposition▲ Good
CRML paid US$5.0M cash to Rimbal and now holds 5.55% of Tanbreez, the first step in its planned 92.5% purchase announced 11 June. EUR keeps its 7.5%. EUR's CRML stake was valued at US$781.6M at 17 June.
14 June 2024other● Neutral
Distribution schedule for a class of 92,630,771 units held by 124 holders, as of 14 June 2024. The text does not say what the class is. Administrative, with no stated news.
12 June 2024capital raising announcement● Neutral
The options offer closed with applications for 114,380,771 new options (about 69% take-up) at A$0.005. Directors will take the remaining 52,341,194 options under their underwriting. This completes the offer announced in April.
11 June 2024asset acquisition disposition▲ GoodMajor
CRML signed a binding agreement to buy 92.5% of the Tanbreez rare earths deposit in Greenland for US$211M in CRML shares at US$10.71 plus US$5M cash. EUR keeps its 7.5% direct interest. A mining licence was granted in 2020.
6 June 2024material agreement▲ GoodMajor
BMW paid US$15M to CRML's Austrian subsidiary under the Wolfsberg offtake, to be offset against lithium hydroxide delivered. This satisfies the previously conditional prepayment from the December 2022 offtake. EUR's CRML stake was US$723M at 5 June.
23 May 2024capital raising announcement● Neutral
Closing date of the options offer extended again, to 7 June 2024. Administrative.
23 May 2024regulatory community update● Neutral
The US SEC declared CRML's Form F-1 effective on 22 May 2024. It covers share issues on warrant exercise and resale of certain shares from the merger. EUR's 83.03% stake was valued at US$755M at US$11.14.
9 May 2024capital raising announcement● Neutral
Closing date of the options offer extended to 24 May 2024. Administrative.
8 May 2024investor presentation● Neutral
EUR shared a CRML presentation for a Sydney conference. Its 83.03% CRML stake was valued at US$677.9M at US$10.00 per share on 6 May. Repeats known facts about Wolfsberg, BMW and Obeikan.
30 Apr 2024quarterly activities report● Neutral
March quarter: Critical Metals deal completed, with EUR's 83.03% stake valued at US$812.8M at 26 April. Austrian exploration starts Q2 2024; Leinster acquisition announced after quarter end. Obeikan JV still being negotiated. Mostly restates known events.
26 Apr 2024capital raising announcement● Neutral
Options offer prospectus sent to eligible holders. Offer closes 10 May 2024 unless extended and would raise A$833,610 before costs, with directors underwriting any shortfall. Administrative step.
23 Apr 2024capital raising announcement● Neutral
Prospectus for the options offer: up to 166,721,965 new options at A$0.005 to raise about A$833,610, exercisable at A$0.08 by 14 November 2025. The offer is fully underwritten by the directors. Small raising and a formal document for the previously announced offer.
22 Apr 2024asset acquisition disposition▲ GoodMajor
EUR signed a binding agreement to buy 100% of LRH Resources, holder of the Leinster Lithium Project in Ireland (23 licences, about 761 km²), from Technology Metals plc. It will pay US$10M in 1,234,568 CRML shares at US$8.10, subject to due diligence.
11 Apr 2024capital raising announcement● Neutral
EUR plans an offer to EUROA option holders of one new option per option held, at A$0.005 each, exercisable at A$0.08 until 14 November 2025. Directors would take 21.75M and underwrite the rest, subject to shareholder approval at a June 2024 meeting.
25 Mar 2024security holder rights change● Neutral
Notice that EUROA listed options (exercise price A$0.075) expire 19 April 2024, with quotation ending 15 April. The latest EUR price quoted was A$0.077. Administrative reminder to option holders.
14 Mar 2024half year report● Neutral
Half-year report to 31 December 2023. It reviews Wolfsberg DFS (NPV US$1.504B), the Saudi plant studies and the Critical Metals deal completed after period end. Mostly restates known events; the financial figures were not visible in the supplied text.
