Each one in plain English, with the numbers worked through for a shareholder.
20 Jan 2023agm notice▲ GoodMajor
All resolutions were carried at the 20 January 2023 AGM, including approval of the Sizzle/Critical Metals transaction with about 99.6% of votes cast in favour. This cleared EUR's own shareholder approval, but Sizzle shareholder approval and SEC effectiveness of the F-4 were still needed.
13 Jan 2023material agreement● Neutral
Signs a non-binding MoU with Saudi group Obeikan for a 50:50 JV to build and operate a hydroxide plant in Saudi Arabia, aimed at cutting energy costs for Wolfsberg. No binding agreement is assured.
11 Jan 2023resource reserve update● Neutral
Announces an interim DFS NPV6 of US$1.504B for Wolfsberg, using higher capex (~US$866M) and opex assumptions. Retracted the same day, so it should not be relied on.
11 Jan 2023admin correction▼ BadMajor
Retracts the same-day US$1.5B NPV announcement. DFS completion is still expected by end of Q1 2023. The earlier figure is withdrawn; no reason is given in the text.
11 Jan 2023listing compliance notice● Neutral
ASX pauses trading in EUR shares pending a further announcement. No reason given; the retraction of the NPV announcement followed.
23 Dec 2022business combination▲ Good
Form F-4 registration statement filed with the US SEC for the Sizzle merger creating Critical Metals Corp (planned ticker CRML). Still needs EUR and Sizzle shareholder approval and SEC effectiveness. EUR stays ASX-listed as largest shareholder.
21 Dec 2022material agreement▲ GoodMajor
Signs a binding offtake with BMW for lithium hydroxide, converting the August non-binding MoU. Includes a US$15M prepayment repaid via set-offs, about 50,000t over 6 years from 2026. Conditional on commercial production starting and product qualification.
10 Nov 2022capital raising announcement● Neutral
Issues 5M shares. Likely the Wombat consideration for E47/4144 (inference, not stated in the notice). Routine compliance notice.
26 Oct 2022capital raising announcement● Neutral
Issues 44M shares, including 30M to Evolution Corporate on immediate exercise of EUROA options tied to the April 2022 A$30M placement. Routine compliance notice.
26 Oct 2022business combination▲ GoodMajor
Agrees to sell Wolfsberg-holding subsidiaries into a merger with NASDAQ-listed SPAC Sizzle, forming Critical Metals Corp. EUR gets US$750M of shares (~80%), plus up to 10% more on price milestones. Expected ~US$159M raised, assuming no redemptions. DFS now targeted Q1 2023.
14 Sept 2022admin correction● Neutral
Appendix 4G corporate governance checklist lodged with the annual report. Administrative filing with no new substance.
14 Sept 2022annual report● Neutral
2022 annual report: net loss A$12.3M for the year to 30 June 2022 (2021: A$3.96M). Discloses a 1 Aug 2022 agreement to buy E47/4144 from Wombat for 5M shares, A$10,000 and a 1% royalty. Completion had not occurred at report date.
8 Sept 2022drilling result▲ GoodMajor
EVR, owning 80% of the Eastern Alps satellite projects (EUR 20%), reports rock chip assays up to 3.24% Li2O from 39 samples. Millstätter Seerücken is flagged a high-priority drilling target, and 33 new licences (14.90 km2) were secured. Follows the June 2022 geological assessment.
8 Sept 2022joint venture update▲ Good
EUR relays EVR's high-grade rock chip results from the Austrian satellite projects, in which EUR holds 20%. Chairman Sage says Zone 2 drilling at Wolfsberg is expected later this year. Repeats the EVR news, nothing new.
8 Aug 2022capital raising announcement● Neutral
Confirms issue of 7,232,508 shares to the underwriter on the expired A$0.05 options, completing the shortfall under the 25 July underwriting agreement. Routine issue notice.
5 Aug 2022material agreement▲ GoodMajor
Signs a non-binding MoU with BMW AG giving BMW the first right to buy 100% of EUR's lithium hydroxide. If a binding contract follows, BMW would pay a US$15M prepayment. This is EUR's first offtake, but terms are not agreed.
4 Aug 2022listing compliance notice● Neutral
ASX pauses trading in EUR shares pending a further announcement. No reason is given in the notice; the BMW announcement followed the next day.
1 Aug 2022capital raising announcement● Neutral
Issues 8.5M shares on exercise of A$0.05 options that expired 31 July 2022. Routine issue notice.
1 Aug 2022security holder rights change● Neutral
7,232,508 unlisted A$0.05 options expired on 31 July. Under the 25 July underwriting agreement, the shortfall is referred to the underwriter, with shares expected by 11 August.
25 July 2022capital raising announcement▲ Good
Underwriting agreement with ADKSK Superfund to cover exercise of up to 15.6M A$0.05 options expiring 31 July 2022, worth up to A$779,888. The underwriter is not a related party and the fee is 0.05% of the underwritten amount.
7 July 2022capital raising announcement● Neutral
Issues 1.47M shares to directors on exercise of A$0.05 options expiring 31 July 2022. Routine issue notice with a small amount of cash.
4 July 2022capital raising announcement● Neutral
Issues 50M further A$0.18 options (expiring March 2025) approved at the general meeting: 15M to Tony Sage's company, 10M each to directors Day, Carter and Zhernov, and 5M to consultants. Adds potential dilution; no cash raised.
1 July 2022other● Neutral
Top-20 holder list for the A$0.18 March 2025 options. Evolution Capital holds 50.5M (29.18%) and the top 20 hold 85.98%. Administrative data only.
1 July 2022other● Neutral
Computershare distribution schedule for the A$0.18 March 2025 options: 173,076,970 options held by 150 holders. Data only, no new announcement content.
29 June 2022capital raising announcement● Neutral
Issues 115.4M placement options and 57.7M broker options (A$0.18, expiring 31 March 2025) after shareholder approval, plus 20M unlisted consultant options (A$0.12–0.18, expiring May 2025). Completes the option part of the April raise, with added potential dilution.
24 June 2022director officer appointment● Neutral
Catherine Grant-Edwards is appointed Joint Company Secretary from 24 June 2022, alongside Melissa Chapman. Both are co-founders of Bellatrix Corporate, which provides secretarial services. Administrative change.
23 June 2022capital raising announcement● Neutral
Prospectus offering 173,076,972 free attaching options to April placement participants, closing 28 June 2022. It completes paperwork for the options promised with the A$30M raise and carries no new money. It adds potential dilution.
17 June 2022joint venture update● Neutral
Partner EV Resources, which holds 80% of the Eastern Alps satellite projects (EUR 20%), appoints GEO Unterweissacher to test three satellite projects. Results are due by end July 2022, and the working group will then consider a drilling program. This continues the April drilling recommendation.
14 June 2022other▼ BadMajor
The court application allowing Dundas's shares in Allegiance to be transferred to a third party succeeded, so EUR says no Avebury Nickel transaction in shareholders' interest can be achieved. This ends the A$125M proposal from 20 May.
20 May 2022other● NeutralMajor
EUR says it has made proposals to the liquidators of Dundas Mining to change the fate of the Avebury Nickel Project in Tasmania. A court hearing in early June could block a sale and stop EUR's proposals. No price is given in this version.
