Critical Metals Corp.

NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals exploration and mining company, today announced that European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) (“European Lithium”) shareholders and optionholders have voted in favor of the Company's proposed acquisition of European Lithium at the general meeting and the meetings of shareholders and optionholders to vote on the Schemes (the “Scheme Meetings”) held on October 22, 2026 in West Leederville, Western Australia. Under the proposed transaction, Critical Metals Corp would acquire 100% of the issued share capital of European Lithium and all of European Lithium's listed options by way of Court-approved schemes of arrangement under Part 5.1 of the Australian Corporations Act 2001 (Cth), comprising a scheme between European Lithium and its shareholders (the “Share Scheme”) and a scheme between European Lithium and the holders of its listed options (ASX: EUROC) (the “Option Scheme”, and together with the Share Scheme, the “Schemes”).

NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals exploration and mining company, today provided an update on its proposed acquisition of European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) (“European Lithium”), ahead of the European Lithium securityholder meetings to be held on Thursday, October 22, 2026. Under the proposed transaction, Critical Metals Corp would acquire 100% of the issued share capital of European Lithium and all of European Lithium's listed options by way of Court-approved schemes of arrangement under Part 5.1 of the Australian Corporations Act 2001 (Cth), comprising a scheme between European Lithium and its shareholders (the “Share Scheme”) and a scheme between European Lithium and the holders of its listed options (ASX: EUROC) (the “Option Scheme”, and together with the Share Scheme, the “Schemes”).

While short traders tend to evacuate their positions after benefiting from a steep correction, they appear set on betting against the wider U.S. strategic resources sector despite the brutal sell-off that has been affecting it throughout 2026.

Greenland-linked stocks are jumping before the bell after President Donald Trump said Wednesday that “massive” oil, gas and mineral exploration is about to start on the Arctic island. He made the claim in a post on Truth Social.

Trump's promise of massive Greenland mineral exploration sent one rare earth stock surging while leaving its closest peers behind, and the reason the gap opened up comes down to a single project on the island that no other U.S.-listed company holds.

Government of Greenland formally approves the Tanbreez Mining Plan and Closure Plan for one of the world's largest heavy rare earth deposits – 19 critical elements approved, including the heavy rare earths terbium, dysprosium and yttrium and the magnet metals neodymium and praseodymium – with activity-specific operating permits the final step before construction Key Highlights Government Green Light Through 2050: The Government of Greenland has approved the Mining Plan and Closure Plan for the Company's flagship Tanbreez Project, establishing a clear, long-term framework to build, operate and ultimately rehabilitate the mine through September 2050 – approximately 24 years of permitted operations under the Company's existing exploitation licence. 19 Critical Elements Approved for Extraction: The approvals cover the heavy rare earths terbium, dysprosium and yttrium, the magnet metals neodymium and praseodymium, and the strategic metals zirconium, hafnium, tantalum and niobium – materials essential to electric vehicles, wind turbines, advanced electronics and defense systems, and among the most supply-constrained critical minerals in Western markets.

Critical Metals is surging while every name around it slides, and no confirmed catalyst explains why one stock in a tightly correlated rare earth basket suddenly decided to go its own way.

A Greenland security deal sent Critical Metals soaring Monday, but Tuesday brought a sharp reversal that has nothing to do with the Tanbreez project itself. Here is what the peer group and the broader rare earth ETF reveal about what is actually driving the selloff.