Critical Metals Corp has signed a binding agreement with European Lithium and Rimbal to lock up the majority shareholders’ current holdings for 180 days The question that has to asked is WHY. Why is this agreement in place? Why is it necessary? EUR has the box seat and if there are deals being done then they can simply wait the six months until the deal is done. TS has stated that he would not be selling on the open market, so the agreement is just the status quo. GB is that close to the box seat, that whilst he may or may not have all the cards, he will have most of it. Apart from getting a little living cash, it is not in GB's best interest to jump right now. EUR can't stop GB without tarring themselves with the same brush. So again WHY?
Open Market Lockup Agreement with Major ShareholdersCritical Metals Corp has also recently signed an agreement with its two largest shareholders, European Lithium Limited (“European Lithium”) and Rimbal, pursuant to which the two shareholders have agreed not to sell their shares for 180 days in ordinary brokerage or open-market transactions on Nasdaq. The lockup agreement does not prohibit pledges, gifts or other transfers of shares, or sales by either shareholder in block trades or similar privately negotiated transactions. Combined, European Lithium and Rimbal own approximately 81% of the issued capital of the Company as of May 1, 2025.“This binding agreement further demonstrates the confidence that our two largest shareholders have in Critical Metals Corp and the long-term value we expect to unlock,” continued Mr. Sage.
Does the small print in effect put the shares in escrow if sold off market IE a big deal is done? But a big deal could have an escrow clause in anyway. Is it to stop the decline in share price caused by the founding members taking profit - any profit at any cost. (they still have warrants and can come back in if the share price rockets). It remains a big question.
I still see a logical course is for a miner to take control of CRML and taking over EUR. Which would dissolve EUR, paying out all shareholders. This could only be with CRML script. Is this to stop a flood of EUR selling up immediately?
I don't know. I am just sitting on the sidelines adding 2 and 2 together. Sometimes I get 4, sometimes it is 24.
To this you add that, (1) a simple allocation of replacement options has been delayed. (i read that this is because of the take up of shortfall options is the only complication (this eats into the underwritten options)) and (2) a GM has to be called and hasn't been slated.
Add to My Watchlist
What is My Watchlist?
