Critical Metals Corp jumps on $835M European Lithium deal

Critical Metals (CRML) is in focus after agreeing to buy European Lithium (EULIF) for $835M. The all-stock deal consolidates CRML's 100% ownership of the Tanbreez rare-earth project in Greenland. EULIF shareholders get 0.035 CRML shares each. The deal adds $219M cash and is set to close in H2 2026.