European Lithium (EUR AU): Reverse Takeover?
European Lithium (EUR AU), which holds a (estimated) ~34.4% stake in Critical Metals (CRML US), the mining operator of projects in Austria, Greenland, and Ireland, is currently suspended.
The rumour mill suggest CRML will make an offer for its parent. CRML recently received government approval to control 92% of the Tanbreez rare earths project in Greenland
Those same rumours are indicating a A$0.58/share, or a 104% premium to European Lithium’s last close.
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