Critical Metals (CRML) has received the Supreme Court of Western Australia's approval for its planned acquisition of European Lithium by way of court-approved schemes, Critical Metals said Monday.
The approval covers European Lithium's share and option schemes, which are expected to be effective Tuesday, Critical Metals said.
Critical Metals will issue new shares to European Lithium security holders under the deal, it said.
New Critical Metals shares are expected to start trading on Nasdaq from Nov. 6, the company said.
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