Each one in plain English, with the numbers worked through for a shareholder.
31 July 2023quarterly activities report● Neutral
June quarter: Obeikan binding term sheet, Austria mining licence hearings, Austrian projects acquired, on-market buyback done in July. Sizzle merger still awaiting SEC effectiveness, with F-4 Amendment 4 being prepared. Mostly restates known events.
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.
5 Apr 2023quarterly activities report● Neutral
March quarter: DFS released, Zone 2 drilling approval still awaited, and Sizzle merger expected to close in Q2 2023. Exploration spend A$1,493k. Mostly restates events already announced.
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.
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.
31 Oct 2022quarterly activities report● Neutral
September quarter: exploration spend A$730k, admin A$654k, and A$861k received from option exercises. A A$500k short-term loan was advanced to Cyclone Metals. DFS may slip to end Q1 2023; Sizzle merger expected to complete first half 2023.
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.
12 Oct 2022agm notice● Neutral
Notice that the AGM is expected on 30 November 2022, with director nominations closing 19 October 2022. Administrative only.
