CRML Stock In Spotlight After $835M Deal To Acquire European Lithium – Why It Matters

• Critical Metals said the deal would consolidate 100% ownership of the Tanbreez rare-earth project in Greenland.
• The acquisition will add about $219 million in cash from European Lithium's balance sheet.
• The transaction is expected to close in the second half of 2026, subject to shareholder and court approvals in Australia.

Shares of Critical Metals (CRML) were in the spotlight on Monday after the company announced a letter of intent to buy European Lithium (EULIF) in an approximately $835 million all-stock deal.

Structure Of The Deal

Under the terms of the deal, European Lithium shareholders would receive 0.035 Critical Metals shares for each share of European Lithium.

Based on pricing as of April 22, 2026, European Lithium shareholders would receive stock equivalent to approximately $835 million.

The transaction would consolidate CRML’s 100% ownership of the Tanbreez rare earth project in Southern Greenland, the company stated. The transaction is expected to close in the second half of 2026, subject to shareholder and court approvals in Australia.

The company said European Lithium currently owns 45.5 million CRML shares (cross-holding shares), about 34% of the outstanding shares, valued at roughly $540 million. As per the deal, Critical Metals would cancel these shares, reducing dilution while increasing public float and trading liquidity.

Tanbreez Consolidation And Balance Sheet Boost

Earlier this month, Greenland’s government approved the transfer of the remaining ownership interest in the Tanbreez Mining project, increasing Critical Metals’ stake to 92.5% and consolidating its control over one of the world’s largest undeveloped heavy rare earth deposits.

This acquisition would consolidate full ownership of the Tanbreez rare earth project in Greenland and inject $219 million in cash into the balance sheet.

​European Lithium held roughly AUD$306 million (about $219 million) in cash as of March 31, 2026. In addition, excluding the cross-holding shares, European Lithium holds marketable securities with a market value of approximately $11 million. The total amount would then be combined with Critical Metals' existing $124 million cash balance, resulting in a pro forma cash position of approximately $343 million.

The Tanbreez project is viewed as an important asset in the global race for heavy rare earth elements used in electric vehicles, defense systems, and advanced electronics.

Unlike many Arctic projects constrained by seasonal access, Tanbreez benefits from year-round deep-water fjord logistics, giving it a structural advantage in global supply chain planning.

How Did Retail Traders React?

On Stocktwits, retail sentiment surrounding the stock has slipped to ‘bullish’ from ‘extremely bullish’ while message volumes also declined to ‘high’ from ‘extremely high’.

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Shares of Critical Metals have climbed more than 46% so far this year.

​For updates and corrections, email newsroom[at]stocktwits[dot]com.

Exchange Rate: 1 AUD = $0.72

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