8 Jan 2024other● Neutral
ASX pauses trading in EUR pending a further announcement. Procedural, with no substance of its own.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Jan 2024asset acquisition disposition● NeutralMajor
Ukraine acquisition terms changed so EUR takes ownership of European Lithium Ukraine immediately, with share consideration payable only on licence grants (and for Dobra, exploration starting). Up to 184,210,526 shares for Dobra need shareholder approval; the A$5M third Millstone tranche now depends on Dobra licence grant.
28 Dec 2023joint venture update▲ GoodMajor
The SEC declared the Critical Metals F-4 effective, clearing the way for a Sizzle stockholder vote around 23 January 2024. EUR would then receive US$750M of CRML shares. EUR will keep Austrian exploration licences, Cyclone, Cufe and Tanbreez stakes, and plans to advance Ukrainian assets.
22 Dec 2023other● Neutral
ASX pauses trading in EUR pending a further announcement. Procedural, with no substance of its own.
1 Dec 2023joint venture update● Neutral
The F-4 must be updated with Sizzle's 30 September 2023 financials, with an amendment due within days. EUR says it is confident the SEC review will soon conclude. Merger remains subject to SEC and Sizzle approval.
10 Nov 2023joint venture update● Neutral
F-4 Amendment No 5 was filed with the SEC on 9 November 2023. The merger still needs SEC effectiveness and a Sizzle shareholder vote; EUR would receive US$750M of CRML shares at closing.
26 Oct 2023capital raising announcement▲ GoodMajor
Sizzle and Critical Metals secure a new equity facility expected to give CRML US$10M at closing, for Wolfsberg development. EUR expects more capital and an updated F-4; the merger still awaits SEC effectiveness and a Sizzle vote.
26 Oct 2023other● Neutral
ASX notice that EUR's trading suspension will lift once it releases its NASDAQ merger announcement. Administrative; no substance of its own.
25 Oct 2023other● Neutral
Trading suspended at EUR's request pending a merger announcement; the financing awaits one final counter-signature. Short procedural suspension to 26 October.
14 Sept 2023other● Neutral
Notice that the Computershare Perth registry office moves to 221 St Georges Terrace from 18 September 2023. Administrative only.
8 Sept 2023admin correction● Neutral
Corporate governance checklist (Appendix 4G) lodged with the annual report. Administrative filing with no business developments.
8 Sept 2023annual report● Neutral
FY23 net loss A$12.2M (FY22: A$12.3M), including A$7.5M of proposed NASDAQ merger costs. Post-year events: GEM US$125M facility for CRML and the E47/4144 sale. No new developments in the visible text.
15 Aug 2023regulatory community update▲ GoodMajor
Granted 6 new Wolfsberg mining licences plus extensions to 3 existing ones, bringing the project to 20 licences and nearly doubling the underground mining footprint. Extends mining rights beyond the current resource.
9 Aug 2023joint venture update● Neutral
F-4 Amendment 4 lodged 7 August; merger still needs SEC effectiveness and a Sizzle shareholder vote. Notes CRML has a facility of up to US$125M from GEM to fund Wolfsberg. EUR would receive US$750M of CRML shares at closing.
12 July 2023asset acquisition disposition● NeutralMajor
Agrees to sell WA tenement E47/4144 to Moosh Moosh Limited for A$1M in cash or ASX-listed shares, keeping a 1% net smelter royalty. Completion due by 29 September 2023, subject to due diligence. Replaces the earlier plan to buy it from Wombat; fits the Europe focus.
6 July 2023other● Neutral
ASX lifts the suspension following EUR's announcement on merger financing. Administrative notice with no substance of its own.
5 July 2023other● Neutral
Extends the voluntary suspension to 6 July as final terms of the merger financing are still being negotiated. Procedural; no financing details yet.
3 July 2023other● Neutral
Trading suspended at EUR's request pending an announcement on financing specific to the Critical Metals merger. The text says the delay was affected by the US 4 July holiday. Short voluntary suspension; no terms given.
26 June 2023security holder rights change● Neutral
Issues 2M shares and 2M options (A$0.12, expiring 26 June 2026) to the vendor, the same again to the facilitator, plus 1M shares for marketing services. Standard compliance notice settling the Austrian Lithium Projects consideration.
21 June 2023asset acquisition disposition▲ GoodMajor
Completes the purchase of three Styria, Austria lithium projects (245 licences, 114.6 km2) after due diligence. Sampling returned up to 3.98% Li2O. Consideration: A$250k cash, 2M shares and 2M options; initial work to focus on Bretstein-Lachtal.
2 June 2023joint venture update▲ GoodMajor
Signs a binding term sheet with Obeikan for a 50:50 Saudi lithium hydroxide plant JV, firming up the January MoU. EUR would sell Wolfsberg spodumene to it at US$3,000-7,000/t; DRA to update the DFS. Also converts A$2.25M Cyclone loans to shares at A$0.002.
10 May 2023business combination● Neutral
F-4 Amendment No. 3 lodged with the SEC on 5 May. Completion of the Critical Metals merger and NASDAQ listing still expected in Q2 2023, subject to SEC effectiveness and Sizzle shareholder approval. Progress update only.
28 Apr 2023joint venture update▲ Good
Obeikan has finished due diligence on the proposed 50:50 Saudi hydroxide plant JV. EUR aims to sign a binding JV agreement before 31 May 2023. Sage claims over 80% energy cost savings; still non-binding.
27 Mar 2023asset acquisition disposition▲ GoodMajor
Agrees to buy three Styria, Austria lithium projects (114.6 km2, 245 licences) from a Richmond Minerals subsidiary for A$250k cash, 2M shares at A$0.07 and 2M options at A$0.12. Subject to due diligence within 3 months; settlement expected 7 July 2023.
9 Mar 2023security holder rights change● Neutral
Issues 40M shares on conversion of 40M performance shares. Standard compliance notice; the text gives no further detail.
8 Mar 2023resource reserve update▲ GoodMajor
Definitive feasibility study for Wolfsberg: post-tax NPV (6%) US$1.504B, IRR 33.3%, capex US$866M, about 8,800tpa lithium hydroxide for 14.6 years. Maiden ore reserve 11.5Mt at 0.64% Li2O. Reinstates the figure retracted in January; construction targeted Q4 2023.
28 Feb 2023business combination▼ BadMajor
Sizzle redemptions of 11.08M shares (about US$114.3M) leave about US$45.6M in trust, lifting EUR's expected stake in Critical Metals to about 87.3%. Closing now expected Q2 2023. Ukraine acquisition terms varied: now needs martial law ended and Dobra drilling started; end date extended to 2 November 2025.
10 Feb 2023half year report● Neutral
Half-year report to 31 December 2022 restates known events: Sizzle merger (US$750M of Critical Metals shares to EUR, about 80%, completion expected first half 2023), option exercises, and 5M shares issued to Wombat. Zone 2 drilling plan lodged for approval; no drilling this half.
3 Feb 2023joint venture update● Neutral
Sizzle shareholders approved extending its deadline to complete the Critical Metals merger from 8 February to 8 August 2023. Completion is still expected in the first half of 2023, pending Sizzle shareholder approval and SEC effectiveness of the F-4.
20 Jan 2023admin correction● Neutral
Lodges the new company constitution adopted by special resolution at the 20 January 2023 AGM. Administrative filing only; the attached document text is a standard constitution and no substantive change is described.