Critical Metals Acquires European Lithium in $835 Million Takeover Deal
Key Points: Critical Metals agreed to purchase European Lithium for $835 million in an all-stock transaction. The acquisition gives the US company full ownership of the massive Tanbreez rare-earth deposit in Greenland. Shares of European Lithium skyrocketed 58% in Sydney, while Critical Metals jumped 25% in New York. The deal adds $219 million in cash to the balance sheet and simplifies a complicated corporate ownership...