EUR 1.61% 3.2¢ european lithium limited

Ann: Binding Lithium Offtake Agreement Executed with BMW, page-126

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  1. 1,871 Posts.
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    Hi @thewhitekiwi. I was just about to delete the app again but lucky saw your message. It appears I misspoke and made a mistake, so happy to correct that and provide clarity. The merger includes all EUR assets in Austria. Just the assets in Austria and nothing else, ie. merger doesn't include EUR assets outside the country - those in Ukraine and Australia.

    Although the M&A is with Sizzle and EUR's subsidiary "European Lithium AT Ltd", the merger and acquisition also includes assets include the subsidiary "ECM Lithium AT GmbH" and EUR's 20% stake with EVR. So apologies for mistake, yes it includes the hydroxide chemical company/subsidiary also. I am not aware of other subsidiary and assets EUR has in Austria on top of these, but if there are, then they would be included in the merger also. Hope this makes sense.

    An easier way of looking at it is, EUR's Austrian assets are collated and EUR creates a new subsidiary company called "Critical Metals" to IPO in Nasdaq worth $US972M. Sizzle buys ~20% of the company for $US159M. (These are rough figures)

    Sorry if I caused that confusion, it's hard to edit after a post.

    The M&A contract is available to the public (I think) but if not, it's definitely available for shareholders - request the lawyers (White & Case) for a copy. If they have time and you're looking at registering to bid for Critical Metals (CRML) shares at IPO/merger they might even explain the whole venture for you - best to have your own financial advisers and lawyers though that would act in your best interest and not the company ultimately the agenda is to raise capital.

    Right. Best to catch my flight, turn off and tune out. Christmas ham, lobsters and champagne awaits.

    Happy holidays!
    Last edited by BRProject: 21/12/22
 
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