Critical Metals Stock Drops Despite European Lithium Deal

Fidelity
2026.05.18 17:54
portai
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Critical Metals (NASDAQ: CRML) shares fell 7.60% to $10.33 after announcing a binding Scheme Implementation Deed to acquire European Lithium. Shareholders of European Lithium will receive 0.035 shares of Critical Metals for each share held. The acquisition aims to consolidate ownership of the Tanbreez project and enhance capital. Despite the drop, CRML remains above its 50-day and 200-day SMAs, indicating potential for recovery if it stabilizes around $11.00.