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Stock impact report

European Lithium sells CRML shares for ~A$45m boost, adds to robust cash position [Yahoo! Finance]

Critical Metals Corp. - Ordinary Shares (CRML) 
Company Research Source: Yahoo! Finance
Critical Metals Corp. (NASDAQ:CRML), underpinning a significantly strengthened cash position. The company advised the ASX that it has sold 2.5 million ordinary CRML shares, with the transaction expected to lift its cash reserves to around A$356 million. European Lithium retains a substantial strategic stake in Critical Metals, holding 45,536,338 ordinary shares following the sale. Based on CRML's Wednesday closing price of US$15.14, the remaining holding is valued at an estimated US$689.4 million (about A$985 million), though that valuation will vary with daily share price movements and foreign exchange fluctuations. European Lithium's executive chairman Tony Sage said the partial sell-down bolsters the company's financial position. “This contracted sale of CRML shares further reinforces the company's already robust balance sheet,” Sage said. “The company does not anticipate disposing of any additional CRML shares over the next four months, thereby preserving EUR's substantial Show less Read more
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