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 with the U.S. Securities and Exchange Commission (the SEC) an extension relating to the special meeting of Sizzle stockholders to vote on the approval and adoption of the business combination agreement for the Transaction, and related proposals. The meeting previously scheduled to be held on 23 January 2024 has been rescheduled to be held on 31 January 2024 at 10:00 a.m. Eastern Time. Sizzle’s stockholders of record as of the close of business on 26 December 2023 are entitled to vote at the special meeting.

HIGHLIGHTS

• Special Meeting of Sizzle’s stockholders to approve the proposed business combination with Critical Metals Corp (Critical Metals or CRML) rescheduled to be held on 31 January 2024
• Requested delay to accommodate potential strategic investors.

The Company is evaluating investments from strategic partners to close with the Critical Metals NASDAQ Listing.

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 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 of EUR requested on 19 January 2024.

Click here for the full ASX Release

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