European Lithium Limited

NASDAQ Listing Update

European Lithium Limited (ASX: EUR, FRA:PF8, OTC: EULIF) (European Lithium or the Company) advises that Sizzle Acquisition Corp, a publicly traded special purpose acquisition company (Nasdaq: SZZL) (Sizzle), has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (the SEC) related to a special meeting of stockholders primarily to approve an amendment to its certificate of incorporation to extend the date by which it must either consummate an initial business combination or wind up and redeem 100% of Sizzle’s outstanding public shares, from February 8, 2024 to August 8, 2024, or such earlier date as determined by Sizzle’s Board of Directors (the Extension Proposal).


HIGHLIGHTS

  • Special Meeting of Sizzle’s stockholders to approve the proposed business combination with Critical Metals Corp (Critical Metals or CRML) expected to be held on 23 January 2024; and
  • Sizzle separately seeking extension of business combination deadline under its charter to provide additional time in the event of unforeseen delays.

On 26 October 2022, European Lithium announced that it has entered into a business combination agreement with Sizzle pursuant to which EUR will combine its wholly owned Wolfsberg Lithium Project (Wolfsberg Project) with Sizzle via a newly-formed, lithium exploration and development company named Critical Metals Corp (Critical Metals) which is expected to be listed on NASDAQ under the symbol “CRML” (Transaction).

The purpose of the Extension Proposal is to allow Sizzle additional time to complete the Transaction if the Transaction has not been consummated prior to or on February 8, 2024. Sizzle has not yet set a date or time for the special meeting related to the Extension Proposal. If the Transaction is completed on or prior to February 8, 2024, the special meeting for the Extension Proposal will not occur.

European Lithium shareholders approved the Transaction on 20 January 2023 and on 28 December 2023 the Company announced that the Form F-4 Registration Statement of Critical Metals (F-4 Registration Statement or F-4) in relation to the Transaction had been declared effective by the U.S. Securities and Exchange Commission (the SEC).

A special meeting of Sizzle stockholders to vote on the approval and adoption of the business combination agreement for the Transaction, and related proposals, is scheduled to be held in virtual format on January 23, 2024 at 10:00 a.m. Eastern Time. Sizzle’s stockholders of record as of the close of business on December 26, 2023 are entitled to vote at the special meeting. The Transaction is expected to be completed as soon as practicable following the conclusion of the special meeting of Sizzle stockholders to vote on the approval and adoption of the business combination agreement for the Transaction (assuming the satisfaction or waiver of the other conditions to closing as set forth in the business combination agreement).

Following completion of the Transaction, EUR will be issued US$750 million worth of ordinary shares in CRML. This announcement has been approved for release on ASX by the Board of Directors.

This announcement is intended to lift the trading halt requested on 8 January 2024.


Click here for the full ASX Release

This article includes content from European Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

EUR:AU
The Conversation (0)
European Lithium

European Lithium


Keep reading...Show less

Developing the Advanced Wolfsberg Lithium Deposit in Austria

Outstanding New 2024 Diamond Drill Results Tanbreez Project

Outstanding New 2024 Diamond Drill Results Tanbreez Project

European Lithium (EUR:AU) has announced Outstanding New 2024 Diamond Drill Results Tanbreez Project

Download the PDF here.

Livium Ltd

Livium Signs Binding Term Sheet with Iondrive related to DES Technology for Clean Energy Waste Recycling

Livium Ltd (ASX: LIT) ("Livium" or the "Company") is pleased to announce it has signed a binding term sheet (“Term Sheet”) with Iondrive Limited (ASX: ION) (“Iondrive”), an Australian company developing an innovative metal extraction process using Deep Eutectic Solvent technology (DES), via their subsidiary Iondrive AU Pty Ltd.

Keep reading...Show less
Glowing digital battery icon with particle connections on dark background.

CATL Mine Restart Pressures Australian Lithium Market

Australia’s lithium sector is facing pressure on the back of news that Chinese battery giant Contemporary Amperex Technology (CATL) (SZSE:300750,HKEX:3750) is expected to resume production at its Jianxiawo mine.

Operations were halted in August when the mine’s licence expired, with the suspension expected to last three months.

Located in Yichun, Jiangxi province, Jianxiawo produces about 65,000 tonnes of lithium carbonate equivalent annually, roughly 6 to 8 percent of global supply. It is the largest mine in Yichun, often referred to as China’s “lithium capital.”

Keep reading...Show less
International Lithium (TSXV:ILC)

International Lithium Corp.


Keep reading...Show less
Blue lithium-ion battery over shiny surface.

How to Invest in Lithium Stocks and the Lithium Market

Despite the current low price environment, the long-term demand for battery metals is robust and offers opportunity for those interested in lithium stocks.

Seasoned metals investors who want to look beyond gold and silver are getting involved, while new investors are being drawn in by expanding battery market and lithium supply deals between automakers and lithium producers.

Whatever the reason, it’s important to get familiar with the lithium market before investing in lithium stocks. Here's a brief overview of some of the basics, including supply and demand, prices and companies.

Keep reading...Show less
Andrada Mining

New mineralised pegmatites identified at Lithium Ridge as exploration drilling commences with SQM

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the critical minerals producer with mining and exploration assets in Namibia, is pleased to announce the commencement of exploration drilling at the Lithium Ridge project in partnership with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (Pty) Ltd ("SQM"). (See announcement dated 9 September 2024 and 28 February 2025). This milestone represents part of the stage 1 workplan of the three stage earn-in agreement with SQM. Under this first stage, SQM will fund up to US$7 million in exploration to secure an initial 30% interest at project level with the potential to fund up to US$40m million over the three stages.

Keep reading...Show less

Latest Press Releases

Related News

×