Each one in plain English, with the numbers worked through for a shareholder.
12 Mar 2024debt financing● Neutral
EUR lent A$2M to Cyclone Metals (in which it holds a stake) at 10% interest, secured over Iron Bear and repayable 20 June 2024. Cyclone used it to repay convertible notes in cash that were secured over its EUR shares and originally repayable in EUR securities.
1 Mar 2024other● Neutral
ASX says EUR's suspension will lift once the company releases its announcement. Procedural, with no substance of its own.
1 Mar 2024business combination▲ GoodMajor
The Sizzle merger completed and Critical Metals (CRML) began Nasdaq trading on 28 February 2024. EUR received 67,788,383 CRML shares (83.03%), valued at US$839M (A$1.3B) at the US$12.38 close. Sizzle raised US$10M from PIPE investors. Resolves the long-running merger thread.
29 Feb 2024other● Neutral
Voluntary suspension extended again, to 1 March 2024 at latest, pending the same strategic investment and NASDAQ merger completion updates. Procedural; no new information.
28 Feb 2024other● Neutral
Voluntary suspension extended once more, to 29 February 2024 at latest, pending the strategic investments update and an update on completing the NASDAQ merger. Procedural; no new information.
26 Feb 2024other● Neutral
Voluntary suspension extended again from 26 February, to 28 February 2024 at latest. It now also covers an update on completion of the NASDAQ merger, besides the strategic investments update. Procedural; no new information.
19 Feb 2024other● Neutral
Voluntary suspension extended again, to 26 February 2024 at latest, pending the update on strategic investments. Procedural; no new information.
14 Feb 2024other● Neutral
Voluntary suspension extended to 19 February 2024 while the update on potential strategic investments is still pending. Procedural; no new information.
6 Feb 2024other● Neutral
At EUR's request, trading is suspended pending an update on potential investments from strategic parties, which delayed the Sizzle vote. Suspension runs to 14 February at latest. Procedural.
31 Jan 2024joint venture update▼ Bad
Sizzle meeting postponed again, from 31 January to 6 February 2024, while EUR and Sizzle evaluate potential investments from strategic parties tied to closing. Second delay in about a week.
31 Jan 2024quarterly activities report● Neutral
December quarter: F-4 Amendment 6 lodged 1 December and declared effective 28 December. Zone 2 drilling to start Q1 2024 with GEOPS. Exploration plan developed for the Styria licences. Mostly restates known events.
23 Jan 2024joint venture update▼ Bad
Sizzle shareholder meeting on the merger delayed from 23 to 31 January 2024 to accommodate potential strategic investors. EUR is evaluating investments from strategic partners to close alongside the listing. Another delay to closing.
15 Jan 2024joint venture update▲ GoodMajor
Planned capacity of the Saudi hydroxide plant with Obeikan doubled from 10,000 to 20,000 tonnes a year, with capital cost to be fully funded by the JV. Company and shareholder agreement are due in Q1 2024; Zone 2 drilling is expected in Q2 2024. Floor and ceiling prices are now described as subject to final agreement.
10 Jan 2024joint venture update● Neutral
Sizzle vote on the merger is set for 23 January 2024. Sizzle also seeks to extend its deadline from 8 February to 8 August 2024 as a backstop in case of delays. EUR would receive US$750M of CRML shares on closing.
8 Jan 2024other● Neutral
ASX pauses trading in EUR pending a further announcement. Procedural, with no substance of its own.
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.
31 Oct 2023quarterly activities report▲ Good
September quarter: Zone 2 drilling approved by the Mining Authority by decree, resolving the pending approval. Nine more mining licences cover the full underground footprint. Sizzle merger still awaits SEC clearance; F-4 Amendment 5 is planned.
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.
10 Oct 2023agm notice● Neutral
Notice that the next AGM is expected on 29 November 2023, with director nominations due by 17 October. Administrative only.
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.
