- Last 2026-11-05
- A$0.39
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$678.2M
- EV
- A$381.7M
- Cash
- A$296.5M
- Debt
- A$0
1 newer ASX announcement not yet reflected in this valuation
- Implementation of SchemesMaterial Corporate Transaction
Investment view
Rating locked: sign in to viewOur rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 7All sources ▸- Quarterly Activities Report and Appendix 5B (quarter to 30 Sep 2026)Results
- Court Approval of SchemesTransaction
- Share Scheme Transaction RatioCorporate Action
- Annual Report 2026 (year to 30 June 2026)Results
- Update on Proposed Merger between EUR and CRML (second deed amending the SID)Transaction
- Mineral Resource Estimate Addendum (feldspar, arfvedsonite and eudialyte), TanbreezResource Update
- Outstanding Scoping Study Results, Tanbreez Rare Earth ProjectStudy
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Announced 21 Oct 2026 | Scheme ratio fixed at maximum 0.045 on VWAP at or below US$8.00 | Transaction | Confirmed | High | Fixes the number of CRML shares; EUR's value after this date moves with CRML's price. |
| 5 Nov 2026 (implementation date) | Scheme implementation and CRML share issue to EUR shareholders | Transaction | Confirmed | High | Converts EUR shares to 0.045 CRML shares each; the scheme consideration sets the value to holders. |
| 6 Nov 2026 (10:00am AEDT, or as ASX determines) | EUR removed from ASX Official List | Corporate Action | Company Guided | High | End of the ASX line for EUR shares; holders receive CRML on NASDAQ. |
Executive roster
As of 2026-06-30Background checks ▸Executive directors and company secretaries from the FY26 annual report directors' report (page 4). Non-executive directors Malcolm Day, Michael Carter and Mykhailo Zhernov are excluded by rule. No senior management list in the documents read.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Antony (Tony) Sage | Executive Chairman | Executive Director | — | Annual Report 2026 (year to 30 June 2026) |
| Melissa Chapman | Joint Company Secretary | Company Secretary | — | Annual Report 2026 (year to 30 June 2026) |
| Catherine Grant-Edwards | Joint Company Secretary | Company Secretary | — | Annual Report 2026 (year to 30 June 2026) |
devCoverage status: Partial
Portfolio detail
Assets
Material
Tanbreez rare earth project (7.5% direct interest)
GL
Exploitation permit granted (MIN 2020-54, 30 years). Mining plan and closure plan approved by Government of Greenland on 29 Sep 2026 under the 2020-54 licence held by CRML's subsidiary. CRML holds 92.5% and the scheme transfers EUR's 7.5% to CRML at implementation.
- Contained metal (attributable)
- 12.8k td
- Resource grade
- 0.4%
- % Measured + Indicated
- 5,660.0%d
- Resource tonnes
- 44.90 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- —
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Lower end of the reported US$2.4-3.0bn range at 10%, 100% project basis, pre-tax as stated for the IRR; scoping study, not reserves
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated 25.4 Mt plus Inferred 19.5 Mt eudialyte, Fjord and Hill deposits | 44.9 Mt | 0.38% TREO (total), 1.39% ZrO2, 0.14% Nb2O5 | Rare Earths | 2025-05-29 |
Tenements1
Milestones1
- Scoping study published (NPV US$2.4-3.0bn at 8-10%)
Achieved · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Mining Plan and Closure Plan approval (sections 77 and 80, Greenland Parliament Act on Mineral Activities) | Greenland | Granted | 2050-09-08 | No |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Tanbreez scoping study (Agricola Mining Consultants) | Scoping Study | Current | 2025-04-23 | 19-year mine life on 24.25 Mt of Indicated eudialyte ore; NPV US$2.4-3.0bn at 8-10% discount; pre-tax IRR 162%. Scoping level; no ore reserves; study predates the Oct 2026 Greenland approvals. |
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Investee
- Critical Metals Corp (NASDAQ: CRML)
- Holding
- 3,100.0%
- Shares held
- 45.54m
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
- Investee
- Cufe Ltd (ASX: CUF)
- Holding
- 1,856.0%
- Shares held
- 384.87m
- Market value
- A$19.6mm
- % of holder's market cap
- 2.9%m
- Cost basis
- —
- Investee
- Helix Resources Limited (ASX: HLX)
- Holding
- 647.0%
- Shares held
- 12.45m
- Market value
- A$460.7km
- % of holder's market cap
- 0.1%m
- Cost basis
- —
- Investee
- Moab Minerals Limited (ASX: MOM)
- Holding
- 1,777.0%
- Shares held
- 358.10m
- Market value
- A$358.1km
- % of holder's market cap
- 0.1%m
- Cost basis
- —
- Ownership
- —
- Description
- Secured creditor claim over Velta PCC (debt bought for US$21m against US$211m face) plus shareholder loans to Velta; no equity interest held at 30 Jun 2026
- Book value
- A$44.8m
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Cash of A$296.49m at 30 Sep 2026 (Appendix 5B) with no debt. Scheme implementation does not require cash from EUR; the scheme needs net cash and liquid assets of at least A$330m under the SID, which the company should check against A$296.5m cash plus A$21.6m listed holdings. The schemes became effective on 27 Oct 2026, which requires the conditions to be satisfied or waived.
Capital structure
Ownership and dilution
- Ordinary shares
- 1.7B
- Fully diluted
- 2B
Shares: 1,725,640,096 at 30 Jun 2026 (note 23) + 12,464,234 EUROC and 784,739 unlisted option exercises in the quarter to 30 Sep 2026 = 1,738,889,069. Options at 30 Sep 2026 per the FY26 note 25 table less exercises in the quarter. Performance rights (directors and consultants, note 25) are excluded from fully diluted shares pending their cancellation or conversion under the scheme; the treasury method is not applied, all options are counted with exercise proceeds added in the bridge.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Fully paid ordinary shares (1,725,640,096 at 30 Jun 2026 plus 13,248,973 issued in the Sep quarter) | Ordinary Share | 1.7B | — | — |
| Listed options EUROC, exercisable A$0.10, expiring 30 Apr 2027 (242,327,782 at 30 Jun less 12,464,234 exercised in quarter) | Option | 229.9M | A$0.1 | 2027-04-30 |
| Unlisted options exercisable A$0.08, expiring 31 Dec 2026 (3,133,250 at 30 Jun less 784,739 exercised in quarter) | Option | 2.3M | A$0.08 | 2026-12-31 |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-04-01 | BuybackOrdinary Shares | A$4.4M | 24M | — | Completed | FY26 share buy-back of 23,955,240 shares for A$4.43m, cancelled in FY26. Final buy-back notice on 16 Oct 2026 reports nil bought in the period after 30 Sep 2026.on-market, not disclosed in documents read |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Arrangements that change EUR's economics as disclosed in the FY26 annual report and the Oct 2026 quarterly: the CRML scheme and the Velta acquisition and debt position.
Court-approved schemes for CRML to acquire all EUR shares and listed options. EUR shareholders receive 0.045 CRML shares each. EUR is suspended and the schemes are effective, with implementation on 5 Nov 2026 subject to remaining conditions.
Other · Conditional- Counterparties
- Critical Metals Corp
- Applies to
- Tanbreez rare earth project (7.5% direct interest) · Rare Earths
- Economic direction
- Mixed
- Period
- From 2026-10-27; no end date stated
- Key terms
- Share consideration: 0.04 CRML shares per EUR share
Implementation date: 2026-11-05 date
No valuation treatment is available for this arrangement.
EUR holds a secured creditor claim over Velta PCC after assignment of the Velta debt on 21 Aug 2026, and has advanced loans to Velta. The acquisition of the Velta equity is pending and not valued as completed.
Other · Conditional- Counterparties
- Velta Holding US Inc · Velta Production & Commercial Company LLC
- Applies to
- Company-wide · Others
- Economic direction
- Benefit
- Period
- 2026-01-27 to 2027-03-01
- Key terms
- Secured debt purchased: 21 USD million
Shareholder loans advanced: 15.6 AUD million
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
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Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Limited-scope management background review of European Lithium Limited. Issuer disclosures support the rostered offices; person-level chronology, attributed outcomes and targeted adverse-record research remain incomplete.
Decision-relevant facts
Material summary
Tony Sage
Executive Chairman
European Lithium paid final €160,000 market-manipulation penalty
On 15 June 2021 the Austrian FMA announced a final €160,000 penalty against European Lithium as a legal person for market-abuse breaches involving false or misleading market signals. The issuer’s 17 June response says the statements were made by director Stefan Muller in a May 2019 Austrian interview, were unauthorized and inconsistent with contemporaneous ASX disclosures; Muller resigned on 4 March 2020. The company said it paid without admission and reserved rights against Muller. This is an issuer enforcement outcome, not a personal finding against the current executive.
Role overlaps event; causation unproven · The regulator penalized the company. The issuer specifically attributes the statement to former director Stefan Muller and says it was unauthorized; no personal liability is inferred for the executives listed.
European Lithium paid €122,850 final penalty for delayed disclosure
On 10 May 2022 the Austrian FMA announced a final €122,850 penalty against European Lithium as a legal person for a delayed ad hoc disclosure of 5 March 2020. No current individual is named in the FMA notice. The reported penalty is company-level and does not establish personal wrongdoing by this executive.
Role overlaps event; causation unproven · The fine is against the legal person European Lithium. The regulator page reviewed does not identify an individual as responsible.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Dietrich Wanke
Chief Executive Officer
European Lithium paid final €160,000 market-manipulation penalty
On 15 June 2021 the Austrian FMA announced a final €160,000 penalty against European Lithium as a legal person for market-abuse breaches involving false or misleading market signals. The issuer’s 17 June response says the statements were made by director Stefan Muller in a May 2019 Austrian interview, were unauthorized and inconsistent with contemporaneous ASX disclosures; Muller resigned on 4 March 2020. The company said it paid without admission and reserved rights against Muller. This is an issuer enforcement outcome, not a personal finding against the current executive.
Role overlaps event; causation unproven · The regulator penalized the company. The issuer specifically attributes the statement to former director Stefan Muller and says it was unauthorized; no personal liability is inferred for the executives listed.
European Lithium paid €122,850 final penalty for delayed disclosure
On 10 May 2022 the Austrian FMA announced a final €122,850 penalty against European Lithium as a legal person for a delayed ad hoc disclosure of 5 March 2020. No current individual is named in the FMA notice. The reported penalty is company-level and does not establish personal wrongdoing by this executive.
Role overlaps event; causation unproven · The fine is against the legal person European Lithium. The regulator page reviewed does not identify an individual as responsible.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Melissa Chapman
CFO, Company Secretary
European Lithium paid final €160,000 market-manipulation penalty
On 15 June 2021 the Austrian FMA announced a final €160,000 penalty against European Lithium as a legal person for market-abuse breaches involving false or misleading market signals. The issuer’s 17 June response says the statements were made by director Stefan Muller in a May 2019 Austrian interview, were unauthorized and inconsistent with contemporaneous ASX disclosures; Muller resigned on 4 March 2020. The company said it paid without admission and reserved rights against Muller. This is an issuer enforcement outcome, not a personal finding against the current executive.
Role overlaps event; causation unproven · The regulator penalized the company. The issuer specifically attributes the statement to former director Stefan Muller and says it was unauthorized; no personal liability is inferred for the executives listed.
European Lithium paid €122,850 final penalty for delayed disclosure
On 10 May 2022 the Austrian FMA announced a final €122,850 penalty against European Lithium as a legal person for a delayed ad hoc disclosure of 5 March 2020. No current individual is named in the FMA notice. The reported penalty is company-level and does not establish personal wrongdoing by this executive.
Role overlaps event; causation unproven · The fine is against the legal person European Lithium. The regulator page reviewed does not identify an individual as responsible.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Catherine Grant-Edwards
Joint Company Secretary (2025 annual report; current status unconfirmed)
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2025-08-31 · 1,446,701,034 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 41.49% | 600,201,867 | |
| 2 | 8.63% | 124,888,027 | |
| 3 | 4.98% | 72,117,189 | |
| 4 | 4.30% | 62,181,578 | |
| 5 | 2.21% | 31,979,675 | |
| 6 | 1.98% | 28,688,141 | |
| 7 | 1.53% | 22,200,931 | |
| 8 | 1.41% | 20,438,140 | |
| 9 | 1.32% | 19,167,100 | |
| 10 | 1.18% | 17,000,000 | |
| 11 | 1.04% | 15,000,000 | |
| 12 | 0.55% | 8,000,000 | |
| 13 | 0.41% | 6,000,000 | |
| 14 | 0.41% | 5,890,578 | |
| 15 | 0.39% | 5,676,833 | |
| 16 | 0.38% | 5,500,000 | |
| 17 | 0.35% | 5,000,000 | |
| 18 | 0.32% | 4,700,000 | |
| 19 | 0.28% | 4,000,000 | |
| 20 | 0.27% | 3,970,619 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 6.06%Voting power | 2026-08-25 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The register is a dated list of registered accounts, not a complete beneficial-ownership register. Nominee and custody accounts may represent multiple underlying investors.
- Substantial-holder notices after the cited annual-report snapshot were not direct_holderly reconciled for this candidate; holdings may have changed by the review cutoff.
Sources
- Annual Report 2025
ASX / European Lithium Limited · Published 2025-10-02 · Accessed 2026-10-09
Twenty ranked registered ordinary-shareholder accounts, exact names, share quantities, percentages, total and dated nil substantial-holder disclosure.
2025/2025-10-02_Annual Report.pdf, PDF page 85; “Twenty largest shareholders as at 31 August 2025”; issued share capital on PDF page 84
- Form 604: Change of interest of substantial holder
ASX / European Lithium Limited · Published 2026-08-27 · Accessed 2026-10-09
Weiss Group present voting power of 104,678,542 ordinary shares (6.06%) after change on 2026-08-25.
2026/2026-08-27_Change in substantial holding_e7aeea46d39eb854.pdf, PDF page 1; section 2 “Previous and present voting power”
Disclosed activity
Insider transactions
Trading activity2 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-07-24 | Mykhailo Zhernov
Details & evidence for Mykhailo Zhernov on 2026-07-24The options were eliminated and the equivalent number of ordinary shares acquired. As disclosed: Exercise of 193,019 unlisted options at $0.08 each into fully paid ordinary shares.
director · Start not disclosed Millstone and Company Global DWE-LLC · relevant interest because the director controls the company Appendix 3Y - Mykhailo Zhernov ↗ Appendix 3Y - Mykhailo Zhernov ↗ | ExerciseUnlisted options exercisable at $0.08, expiry 2026-12-31 | 193,019 | AUD 15,441.52 | AUD 0.08Disclosed price | 0 |
| 2026-07-24 | Michael Stanley CarterMichael Stanley Carter <The Carter Family A/C>
Details & evidence for Michael Stanley Carter on 2026-07-24The options were eliminated and the equivalent number of ordinary shares acquired. As disclosed: Exercise of 193,019 unlisted options at $0.08 each into fully paid ordinary shares.
director · Start not disclosed Appendix 3Y - Michael Carter ↗ Appendix 3Y - Michael Carter ↗ | ExerciseUnlisted options exercisable at $0.08, expiry 2026-12-31 | 193,019 | AUD 15,441.52 | AUD 0.08Disclosed price | 0 |
| 2025-12-17 | Mykhailo Zhernov
Details & evidence for Mykhailo Zhernov on 2025-12-17The options were subsequently exercised on 24 July 2026 as disclosed in another Appendix 3Y. As disclosed: Issue of 193,019 options in the shortfall of a new options issue after the 26 November 2025 AGM; filing states $0.002 each.
director · Start not disclosed Millstone and Company Global DWE-LLC · relevant interest because the director controls the company Appendix 3Y - Mykhailo Zhernov ↗ Appendix 3Y - Mykhailo Zhernov ↗ | SubscriptionUnlisted options exercisable at $0.08, expiry 2026-12-31 | 193,019 | —Not Disclosed | — | 193,019 |
| 2025-12-03 | Mykhailo Zhernov
Details & evidence for Mykhailo Zhernov on 2025-12-03As disclosed: Issue of 30,000,000 performance rights following approval at the 26 November 2025 AGM.
director · Start not disclosed Millstone and Company Global DWE-LLC · relevant interest because the director controls the company Appendix 3Y - Mykhailo Zhernov ↗ Appendix 3Y - Mykhailo Zhernov ↗ | GrantPerformance rights (ZEPO), subject to vesting conditions | 30,000,000 | —Non Cash | — | 30,000,000 |
| 2025-06-30 | Antony William Paul Sage (Tony Sage)Antony William Paul Sage ATF Okewood Pty Ltd
Details & evidence for Antony William Paul Sage (Tony Sage) on 2025-06-30As disclosed: Expiry of performance rights; no consideration disclosed.
director · Start not disclosed Antony William Paul Sage ATF Okewood Pty Ltd · disclosed indirect interest through Okewood Pty Ltd Antony William Paul Sage as trustee of the EGAS Superannuation Fund · disclosed indirect interest as trustee Appendix 3Y - Tony Sage ↗ Appendix 3Y - Tony Sage ↗ | ExpiryPerformance rights subject to vesting conditions | 20,000,000 | —Not Disclosed | — | 0 |
| 2025-06-30 | Malcolm DayPixsell Pty Ltd ATF Pixsell Unit Trust
Details & evidence for Malcolm Day on 2025-06-30As disclosed: Expiry of performance rights; no consideration disclosed.
director · Start not disclosed Pixsell Pty Ltd ATF Pixsell Unit Trust · disclosed indirect interest through company/trust account Goldshore Investments Pty Ltd ATF The Goldshore Trust and M R Day Superfund · disclosed indirect interest through company/trust account Hollywood Marketing (WA) Pty Ltd · disclosed indirect interest through company Appendix 3Y - Malcolm Day ↗ Appendix 3Y - Malcolm Day ↗ | ExpiryPerformance rights subject to vesting conditions | 15,000,000 | —Not Disclosed | — | 0 |
| 2024-06-18 | Mykhailo Zhernov
Details & evidence for Mykhailo Zhernov on 2024-06-18As disclosed: Issue of 5,585,298 underwritten options approved at the 17 June 2024 general meeting.
director · Start not disclosed Millstone and Company Global DWE-LLC · relevant interest because the director controls the company Appendix 3Y - Mykhailo Zhernov ↗ Appendix 3Y - Mykhailo Zhernov ↗ | OtherUnderwritten listed options exercisable at $0.08, expiry 2025-11-14 | 5,585,298 | —Not Disclosed | — | 5,585,298 |
| 2024-06-18 | Michael Stanley CarterMichael Stanley Carter <The Carter Family A/C>
Details & evidence for Michael Stanley Carter on 2024-06-18As disclosed: Issue of 3,585,298 underwritten listed options.
director · Start not disclosed Appendix 3Y - Michael Carter ↗ Appendix 3Y - Michael Carter ↗ | OtherUnderwritten listed options exercisable at $0.08, expiry 2025-11-14 | 3,585,298 | —Not Disclosed | — | 5,335,298 |
| 2024-06-18 | Michael Stanley CarterMichael Stanley Carter <The Carter Family A/C>
Details & evidence for Michael Stanley Carter on 2024-06-18As disclosed: Participation in new options issue: 1,750,000 listed options at $0.005 per option.
director · Start not disclosed Appendix 3Y - Michael Carter ↗ Appendix 3Y - Michael Carter ↗ | SubscriptionListed options exercisable at $0.08, expiry 2025-11-14 | 1,750,000 | AUD 8,750.00 | AUD 0.005Disclosed price | 5,335,298 |
| 2023-12-11 | Mykhailo Zhernov
Details & evidence for Mykhailo Zhernov on 2023-12-11As disclosed: Issue of performance shares approved by shareholders at the 29 November 2023 AGM.
director · Start not disclosed Millstone and Company Global DWE-LLC · relevant interest because the director controls the company Appendix 3Y - Mykhailo Zhernov ↗ Appendix 3Y - Mykhailo Zhernov ↗ | GrantPerformance shares subject to vesting conditions | 5,000,000 | —Not Disclosed | — | 5,000,000 |
| 2023-12-11 | Antony William Paul Sage (Tony Sage)Antony William Paul Sage ATF Okewood Pty Ltd
Details & evidence for Antony William Paul Sage (Tony Sage) on 2023-12-11As disclosed: Issue of performance shares approved by shareholders at the 29 November 2023 AGM.
director · Start not disclosed Antony William Paul Sage ATF Okewood Pty Ltd · disclosed indirect interest through Okewood Pty Ltd Antony William Paul Sage as trustee of the EGAS Superannuation Fund · disclosed indirect interest as trustee Appendix 3Y - Tony Sage ↗ Appendix 3Y - Tony Sage ↗ | GrantPerformance shares subject to vesting conditions | 20,000,000 | —Not Disclosed | — | 20,000,000 |
| 2023-06-30 | Malcolm DayPixsell Pty Ltd ATF Pixsell Unit Trust
Details & evidence for Malcolm Day on 2023-06-30As disclosed: Expiry of performance shares; no consideration disclosed.
director · Start not disclosed Pixsell Pty Ltd ATF Pixsell Unit Trust · disclosed indirect interest through company/trust account Goldshore Investments Pty Ltd ATF The Goldshore Trust and M R Day Superfund · disclosed indirect interest through company/trust account Hollywood Marketing (WA) Pty Ltd · disclosed indirect interest through company Appendix 3Y - Malcolm Day ↗ Appendix 3Y - Malcolm Day ↗ | ExpiryPerformance shares subject to vesting conditions | 15,000,000 | —Not Disclosed | — | 0 |
| 2023-06-30 | Michael Stanley CarterMichael Stanley Carter <The Carter Family A/C>
Details & evidence for Michael Stanley Carter on 2023-06-30As disclosed: Expiry of performance shares; no consideration disclosed.
director · Start not disclosed Appendix 3Y - Michael Carter ↗ Appendix 3Y - Michael Carter ↗ | ExpiryPerformance shares subject to vesting conditions | 5,000,000 | —Not Disclosed | — | 0 |
| 2023-03-09 | Antony William Paul Sage (Tony Sage)Antony William Paul Sage ATF Okewood Pty Ltd
Details & evidence for Antony William Paul Sage (Tony Sage) on 2023-03-09As disclosed: Conversion of performance shares into ordinary shares as approved at the 20 January 2023 AGM.
director · Start not disclosed Antony William Paul Sage ATF Okewood Pty Ltd · disclosed indirect interest through Okewood Pty Ltd Antony William Paul Sage as trustee of the EGAS Superannuation Fund · disclosed indirect interest as trustee Appendix 3Y - Tony Sage ↗ Appendix 3Y - Tony Sage ↗ | VestingPerformance shares converted into fully paid ordinary shares | 20,000,000 | —Non Cash | — | 20,000,000 |
| 2023-03-09 | Malcolm DayPixsell Pty Ltd ATF Pixsell Unit Trust
Details & evidence for Malcolm Day on 2023-03-09As disclosed: Conversion of performance shares into ordinary shares as approved at the 20 January 2023 AGM.
director · Start not disclosed Pixsell Pty Ltd ATF Pixsell Unit Trust · disclosed indirect interest through company/trust account Goldshore Investments Pty Ltd ATF The Goldshore Trust and M R Day Superfund · disclosed indirect interest through company/trust account Hollywood Marketing (WA) Pty Ltd · disclosed indirect interest through company Appendix 3Y - Malcolm Day ↗ Appendix 3Y - Malcolm Day ↗ | VestingPerformance shares converted into fully paid ordinary shares | 15,000,000 | —Non Cash | — | 0 |
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Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory10 documents
CRML NASDAQ closing prices, Oct 2026 to 2 Nov 2026Market Data · HighExtracted
CRML closed US$6.78 on 2 Nov 2026 (cutoff date); US$8.13 on 27 Oct, US$7.16 on 30 Oct.
- Document ID
- eur-crml-close-2026-11-02
- Published UTC
- 2026-11-02T00:00:00Z
- Projects
- crml-investment-stake
- Commodities
- rare_earths · lithium
AUD/USD reference rate (ECB, via local FX table)Commodity Data · MediumExtracted
USD 1.423559 AUD per USD from the ECB reference rate dated 30 Oct 2026, the latest eligible local rate before the cutoff.
- Document ID
- eur-fx-usd-2026-10-30
- Published UTC
- 2026-10-30T00:00:00Z
- Projects
- crml-investment-stake
- Commodities
- others
Quarterly Activities Report and Appendix 5B (quarter to 30 Sep 2026)Results · HighPartial
Quarter to 30 Sep 2026 report: cash A$296.49m, CRML scheme implementation set for 5 Nov 2026, listed holdings in CUF, MOM and HLX, and option exercises of 13.2m shares.
- Document ID
- eur-q-2026-09
- Published UTC
- 2026-10-28T23:40:00Z
- Projects
- crml-investment-stake
- Commodities
- rare_earths · lithium
EUR last ASX trade before suspension (close 27 Oct 2026)Market Data · HighExtracted
Last traded close A$0.39 on 27 Oct 2026 with volume 12.2m; 28-30 Oct prints carry zero volume during suspension and are not used as trades.
- Document ID
- eur-px-2026-10-27
- Published UTC
- 2026-10-27T00:00:00Z
- Projects
- crml-investment-stake
- Commodities
- rare_earths
Court Approval of SchemesTransaction · HighPartial
Supreme Court of WA approved the share and option schemes on 26 Oct 2026; effective 27 Oct; record date 29 Oct; implementation 5 Nov; EUR delisting 6 Nov 2026.
- Document ID
- eur-court-2026-10-26
- Published UTC
- 2026-10-26T03:50:02Z
- Projects
- crml-investment-stake
- Commodities
- rare_earths
Share Scheme Transaction RatioCorporate Action · HighPartial
Scheme VWAP below the US$8.00 floor, so the maximum ratio of 0.045 New CRML Shares per EUR share applies.
- Document ID
- eur-ratio-2026-10-21
- Published UTC
- 2026-10-21T02:00:01Z
- Projects
- crml-investment-stake
- Commodities
- rare_earths
Annual Report 2026 (year to 30 June 2026)Results · HighPartial
FY26 annual report: deconsolidation of CRML, equity-accounted 31% CRML stake at A$676.9m, cash A$296.3m, no debt, net profit A$937m from the deconsolidation gain. Text read from the duplicate copy with identical pages.
- Document ID
- eur-ar-fy26
- Published UTC
- 2026-09-30T03:15:54Z
- Projects
- crml-investment-stake · tanbreez-direct-75
- Commodities
- rare_earths · lithium
Update on Proposed Merger between EUR and CRML (second deed amending the SID)Transaction · HighPartial
Second deed of amendment: floating ratio between 0.045 and 0.025 across a US$8.00 to US$16.00 band, replacing the fixed 0.035 ratio.
- Document ID
- eur-sid-amend2-2026-08-19
- Published UTC
- 2026-08-18T23:36:58Z
- Projects
- crml-investment-stake
- Commodities
- rare_earths
Mineral Resource Estimate Addendum (feldspar, arfvedsonite and eudialyte), TanbreezResource Update · HighPartial
Tanbreez eudialyte MRE 44.9Mt at 0.38% TREO (25.4Mt Indicated, 19.5Mt Inferred); industrial mineral addendum 180Mt.
- Document ID
- eur-mre-add-2025-05-29
- Published UTC
- 2025-05-28T23:20:40Z
- Projects
- tanbreez-direct-75
- Commodities
- rare_earths
Outstanding Scoping Study Results, Tanbreez Rare Earth ProjectStudy · HighPartial
Tanbreez scoping study: NPV US$2.4-3.0bn at 8-10%, pre-tax IRR 162%, 19-year mine life on 24.25Mt of Indicated ore; scoping level, no reserves.
- Document ID
- eur-scoping-2025-04-23
- Published UTC
- 2025-04-23T04:34:32Z
- Projects
- tanbreez-direct-75
- Commodities
- rare_earths
Evidence facts53
296490 AUD'000
2026-09-302275 AUD'000
2026-09-30-2052 AUD'000
2026-09-30-217 AUD'000
2026-09-3020783 AUD'000
2026-10-27358 AUD'000
2026-10-27448 AUD'000
2026-10-2712464234 shares
2026-09-30784739 shares
2026-09-302026-10-27 date
2026-10-272026-10-29 date
2026-10-292026-11-05 date
2026-11-052026-11-06 date
2026-11-060.045 CRML shares per EUR share
2026-10-218.0 USD/share
2026-10-2116.0 USD/share
2026-10-210.035 CRML shares per EUR share
2026-08-190.045 CRML shares per EUR share
2026-08-190.025 CRML shares per EUR share
2026-08-19937052660 AUD
2026-06-30-71492437 AUD
2025-06-30-7491588 AUD
2026-06-30-24831646 AUD
2025-06-301620749 AUD
2026-06-302266970 AUD
2025-06-30296295083 AUD
2026-06-302575 AUD
2026-06-301076921468 AUD
2026-06-30732820005 AUD
2026-06-30676937850 AUD
2026-06-3045536338 shares
2026-09-247.72 USD/share
2026-09-241725640096 shares
2026-06-301445181464 shares
2025-06-3023955240 shares
2026-06-300 AUD/share
2026-06-3025.4 Mt
2025-05-2919.5 Mt
2025-05-2944.9 Mt
2025-05-290.38 %
2025-05-291.39 %
2025-05-290.14 %
2025-05-29180.0 Mt
2025-05-292400000000.0 USD
2025-04-233000000000.0 USD
2025-04-23162 %
2025-04-2319 years
2025-04-2324.25 Mt
2025-04-230.39 AUD/share
2026-10-2712213682 shares
2026-10-276.78 USD/share
2026-11-028.13 USD/share
2026-10-271.423559 AUD per USD
2026-10-30