New York, October 26 (Reuters/ GlobeNewswire ) – Critical Metals Corp (Nasdaq ticker: CRML ) announced that the Supreme Court of Western Australia has approved the company's proposed acquisition of European Lithium Limited ( ASX : EUR , FRA : PF8 , OTC : EULIF ). Critical Metals Corp is a leading company in key mineral exploration and mining.

According to the proposed transaction, Critical Metals Corp will acquire 100% of the issued share capital of European Lithium and all of the listed options of European Lithium through an arrangement plan approved by the court under Part 5.1 of the Australian Company Act 2001 (Federal). The transaction includes an arrangement plan between European Lithium and its shareholders (the “Share Plan”), as well as an arrangement plan between European Lithium and the holders of its listed options (ASX : EUROC) (the “Option Plan”), collectively referred to as the “Arrangement Plans”. The consideration payable under each Arrangement Plan will be satisfied by issuing new ordinary shares of Critical Metals Corp.

Court approval

European Lithium indicates that on October 26, 2026, the court issued an order approving the aforementioned arrangement plan. Prior to this, European Lithium shareholders and option holders had voted in favor of these arrangement plans on October 22, 2026.

Critical Metals Corp. Subject to the court's approval of these arrangements, the issuance of new Critical Metals Corp shares in accordance with these arrangements will be exempt from registration under Section 3(a)(10) of the U.S. Securities Act of 1933.

Effective Date and Implementation

These arrangements will have legal effect once the official copy of the court order is submitted to the Australian Securities and Investments Commission. European Lithium is expected to be submitted on October 27, 2026. After the market closes on that day, trading of European Lithium's shares and options on the Australian Stock Exchange is anticipated to be suspended.

The remaining key dates are expected to be as follows:

• October 27, 2026: The effective date, which is also the last trading day for European Lithium stocks and options on the Australian Stock Exchange.
• October 29, 2026: Registration date for the right to arrange consideration
• November 5, 2026: Implementation date. New Critical Metals Corp shares will be issued to the holders of European Lithium securities.
• November 6, 2026: Critical Metals Corp. New shares are expected to start trading on NASDAQ, and European Lithium will be removed from the official list of the Australian Stock Exchange.

The above dates are all based on Perth time in Western Australia and are merely estimates, which may change. Any adjustments will be announced by European Lithium on the Australian Stock Exchange. For more details, including the complete schedule and subsequent steps, please refer to the announcement Court Approval of Schemes published by European Lithium on October 26, 2026, on the Australian Stock Exchange.

Regarding Critical Metals Corp.

Critical Metals Corp (Nasdaq ticker: CRML) is a mining development company focused on critical metals and minerals, as well as strategic products that are vital for electrification and next-generation technologies, targeting partners in Europe and the West. Its flagship project, Tanbreez, is one of the largest rare earth deposits in the world, located in southern Greenland. This deposit is expected to have access to the sea via key transportation routes, as the region boasts deep-water fjords that are accessible throughout the year, providing direct shipping channels to the North Atlantic.

Another core asset is the Wolfsberg lithium project, located in Carinthia, Austria, 270 kilometers south of Vienna. The Wolfsberg lithium project is the first fully approved mine in Europe, with a superior geographical location and mature road and railway infrastructure. It is expected to become one of the next major key lithium product producers supporting the European market. Wolfsberg has established cooperative relationships with purchasers and downstream partners and is poised to become a unique and valuable asset within its continuously expanding portfolio of strategic metals.

With this strategic portfolio, Critical Metals Corp indicates that the company is poised to become a reliable and sustainable supplier of key minerals required for defense applications in the Western world, clean energy transformation, and next-generation technologies.

For more information, please visit: https :// www.criticalmetalscorp.com.

Tips on Forward-Looking Statements

This press release contains forward-looking statements as defined by Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended). Forward-looking statements may include company business expectations, as well as management's plans and objectives for future operations, including the proposed acquisition of European Lithium and the anticipated timeline and implementation of the arrangement plans. Such statements are projections and forward-looking in nature and do not constitute performance guarantees. These statements can be identified by their non-reliance on strictly historical or current facts. Words and phrases used in the press release such as “estimate,” “plan,” “expect,” “intend,” “will,” “anticipate,” “believe,” “seek,” “target,” “aim to,” and similar expressions may indicate that they are forward-looking statements. In addition, any forecasts, estimates, or other descriptions relating to future events or circumstances, including related assumptions, are also considered forward-looking statements.

Forward-looking statements are subject to known and unknown risks and uncertainties, and are based on assumptions that may not be accurate. Actual results may differ significantly from those anticipated or implied in the forward-looking statements. Actual results may vary significantly from those expected in the forward-looking statements for a variety of reasons, including factors discussed in the “Risk Factors” section of the company’s 20-F annual report filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this press release, as well as expectations, projections, and assumptions as of that date, and involve a number of judgments, risks, and uncertainties. Therefore, forward-looking statements should not be considered as representing the company’s views at any subsequent date, and the company assumes no obligation to update forward-looking statements to reflect events or circumstances that occur after they are made, whether due to new information, future events, or other reasons, unless required by applicable securities laws.

Critical Metals Corp.

Investor Relations: ir @ criticalmetalscorp.com

Media: pr @ criticalmetalscorp.com