SCHEDULE: European Lithium Reduces Stake in Critical Metals Corp. to 60.9% Following $5 Million Share Sale

Sentiment:

Beneficial Ownership Amendment


European Lithium Limited has reduced its beneficial ownership in Critical Metals Corp. to 60.9% after selling 2 million Ordinary Shares for $5 million to a third party.

Summary

  • European Lithium Limited, the reporting person, filed Amendment No. 2 to its Schedule 13D regarding its holdings in Critical Metals Corp.
  • The amendment reflects the sale of 2,000,000 Ordinary Shares of Critical Metals Corp. to a third party.
  • The sale was executed via a Stock Purchase Agreement on June 25, 2025, for an aggregate purchase price of $5,000,000.
  • Following this transaction, European Lithium Limited beneficially owns 63,916,641 Ordinary Shares of Critical Metals Corp.
  • This represents 60.9% of the 104,912,853 Ordinary Shares issued and outstanding as of June 27, 2025.
  • The initial acquisition of 66,416,641 Ordinary Shares occurred on February 27, 2024, as part of the Business Combination contemplated by the Merger Agreement.

Sentiment

Score: 5

Explanation: Neutral. The document reports a factual transaction (a sale of shares by a major holder). It's not inherently positive or negative for the issuer without further context, though a reduction in a major holder's stake could be viewed with slight caution by some investors, while the monetization could be positive for the seller.

Positives

  • European Lithium Limited monetized a portion of its investment in Critical Metals Corp., selling 2,000,000 shares for $5,000,000.

Negatives

  • European Lithium Limited's ownership stake in Critical Metals Corp. decreased from an implied higher percentage (63.3% based on initial acquisition) to 60.9%, indicating a reduction in control or influence.

Future Outlook

No specific forward-looking statements or guidance are provided in this Schedule 13D amendment, which primarily reports a past transaction.

Management Comments

  • "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

This filing indicates a partial divestment by a major shareholder (European Lithium Limited) in Critical Metals Corp. This could be interpreted as a strategic move by European Lithium to monetize part of its investment, potentially to fund other operations or return capital, or it could signal a slight shift in its long-term commitment to Critical Metals Corp. without losing majority control. The transaction value of $2.50 per share provides a recent market-based valuation point for a significant block of shares.

Stakeholder Impact

  • Shareholders of Critical Metals Corp.: The reduction in European Lithium's stake might slightly dilute its control, but European Lithium remains the majority shareholder (60.9%). The sale price of $2.50 per share provides a recent valuation point for a large block of shares.
  • European Lithium Limited: Monetized $5,000,000 from its investment, which could be used for its own operational needs or strategic investments.

Key Dates

DateDescription
10/24/2022Original Agreement and Plan of Merger date.
01/04/2023Amendment to Agreement and Plan of Merger.
07/07/2023Amendment to Agreement and Plan of Merger.
11/17/2023Amendment to Agreement and Plan of Merger.
12/27/2023Issuer's Registration Statement on Form F-4 declared effective.
02/15/2024Issuer's Registration Statement on Form F-4 supplemented.
02/27/2024European Lithium Limited acquired 66,416,641 Ordinary Shares from the Issuer in connection with the Business Combination.
03/05/2024Original Schedule 13D filed by European Lithium Limited.
12/13/2024Amendment No. 1 to Schedule 13D filed by European Lithium Limited.
06/25/2025Date European Lithium Limited entered into the Stock Purchase Agreement to sell 2,000,000 Ordinary Shares.
06/27/2025Date as of which 104,912,853 Ordinary Shares were issued and outstanding for percentage calculation.
07/01/2025Signature date of Amendment No. 2 to Schedule 13D.

Keywords

Critical Metals Corp., European Lithium Limited, Schedule 13D, Share Sale, Beneficial Ownership, Stock Purchase Agreement, SEC Filing, Equity Stake, Merger Agreement, Business Combination

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