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2026-11-06
◂ Monitor EUR ASX

European Lithium Limited

Scoping Study Developer · Rare Earths · Lithium · GL Rating locked: sign in to view v8.1 · eur-20261102t225752-full
Last 2026-11-05
A$0.39
1D
—
1M
—
YTD
—
1Y
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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

Narrative and provenance

Research & Sources

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Chronological 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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
Evidence facts53
eur-q-2026-09-cashCash and cash equivalents at 30 Sep 2026

296490 AUD'000

2026-09-30
eur-q-2026-09-ocfNet cash from operating activities, quarter

2275 AUD'000

2026-09-30
eur-q-2026-09-investingNet cash used in investing activities, quarter

-2052 AUD'000

2026-09-30
eur-q-2026-09-financingNet cash used in financing activities, quarter

-217 AUD'000

2026-09-30
eur-q-2026-09-cufe-valueValue of 384,865,789 CUF shares and 4,000,000 options at 27 Oct 2026 close

20783 AUD'000

2026-10-27
eur-q-2026-09-mom-valueValue of 358,097,603 MOM shares at 27 Oct 2026 close

358 AUD'000

2026-10-27
eur-q-2026-09-hlx-valueValue of 12,452,245 HLX shares at 27 Oct 2026 close

448 AUD'000

2026-10-27
eur-q-2026-09-euroc-exEUROC options exercised into shares in the quarter

12464234 shares

2026-09-30
eur-q-2026-09-unl-exUnlisted options exercised into shares in the quarter

784739 shares

2026-09-30
eur-court-effectiveScheme Effective Date (office copy lodged with ASIC)

2026-10-27 date

2026-10-27
eur-court-recordScheme Record Date

2026-10-29 date

2026-10-29
eur-court-implementationScheme Implementation Date

2026-11-05 date

2026-11-05
eur-court-delistEUR removed from ASX Official List (expected)

2026-11-06 date

2026-11-06
eur-ratio-maxShare Scheme Transaction Ratio (maximum, Scheme VWAP at or below floor)

0.045 CRML shares per EUR share

2026-10-21
eur-ratio-floorFloor Price for Scheme VWAP

8.0 USD/share

2026-10-21
eur-ratio-ceilingCeiling Price for Scheme VWAP

16.0 USD/share

2026-10-21
eur-sid-fixed-oldPrevious fixed Share Scheme Transaction Ratio

0.035 CRML shares per EUR share

2026-08-19
eur-sid-maxMaximum Share Scheme Transaction Ratio (VWAP at or below US$8.00)

0.045 CRML shares per EUR share

2026-08-19
eur-sid-minMinimum Share Scheme Transaction Ratio (VWAP at or above US$16.00)

0.025 CRML shares per EUR share

2026-08-19
eur-ar-npatProfit attributable to members, FY26

937052660 AUD

2026-06-30
eur-ar-npat-pyLoss attributable to members, FY25

-71492437 AUD

2025-06-30
eur-ar-ocfNet cash used in operating activities, FY26

-7491588 AUD

2026-06-30
eur-ar-ocf-pyNet cash used in operating activities, FY25

-24831646 AUD

2025-06-30
eur-ar-capexPayments for exploration and evaluation plus PP&E, FY26

1620749 AUD

2026-06-30
eur-ar-capex-pyPayments for exploration and evaluation plus PP&E, FY25

2266970 AUD

2025-06-30
eur-ar-cashCash and cash equivalents at 30 Jun 2026

296295083 AUD

2026-06-30
eur-ar-leasesLease liabilities (current 1,907 plus non-current 668) at 30 Jun 2026

2575 AUD

2026-06-30
eur-ar-equityTotal equity at 30 Jun 2026

1076921468 AUD

2026-06-30
eur-ar-assocInvestment in associates at 30 Jun 2026 (CRML 676.9m, Velta 44.8m and other)

732820005 AUD

2026-06-30
eur-ar-crml-cvCarrying value of 45,536,338 CRML shares at 30 Jun 2026 (US$10.25/share)

676937850 AUD

2026-06-30
eur-ar-crml-shCRML shares held at report date

45536338 shares

2026-09-24
eur-ar-crml-pxCRML closing price at 24 Sep 2026 used in report

7.72 USD/share

2026-09-24
eur-ar-shares-fy26Shares on issue at 30 Jun 2026

1725640096 shares

2026-06-30
eur-ar-shares-fy25Shares on issue at 30 Jun 2025

1445181464 shares

2025-06-30
eur-ar-buybackShares bought back in FY26 for A$4.43m

23955240 shares

2026-06-30
eur-ar-divNo dividend declared or paid for FY26

0 AUD/share

2026-06-30
eur-mre-ind-tEudialyte resource, Indicated tonnes

25.4 Mt

2025-05-29
eur-mre-inf-tEudialyte resource, Inferred tonnes

19.5 Mt

2025-05-29
eur-mre-tot-tEudialyte resource, total tonnes

44.9 Mt

2025-05-29
eur-mre-treoEudialyte total TREO grade

0.38 %

2025-05-29
eur-mre-zro2Eudialyte total ZrO2 grade

1.39 %

2025-05-29
eur-mre-nbEudialyte total Nb2O5 grade

0.14 %

2025-05-29
eur-mre-feld-arfFeldspar plus arfvedsonite resource (industrial, indicated and inferred)

180.0 Mt

2025-05-29
eur-scop-npv-loTanbreez scoping study NPV, low end (10% discount rate)

2400000000.0 USD

2025-04-23
eur-scop-npv-hiTanbreez scoping study NPV, high end (8% discount rate)

3000000000.0 USD

2025-04-23
eur-scop-irrTanbreez scoping study IRR, before tax

162 %

2025-04-23
eur-scop-lifeTanbreez scoping study mine life

19 years

2025-04-23
eur-scop-oreOre mined over life of mine (Indicated resource only)

24.25 Mt

2025-04-23
eur-px-closeEUR closing price, last trade 27 Oct 2026

0.39 AUD/share

2026-10-27
eur-px-volEUR volume on 27 Oct 2026

12213682 shares

2026-10-27
eur-crml-px-cutoffCRML NASDAQ close, 2 Nov 2026

6.78 USD/share

2026-11-02
eur-crml-px-1027CRML NASDAQ close, 27 Oct 2026

8.13 USD/share

2026-10-27
eur-fx-usdAUD per USD, ECB reference rate 30 Oct 2026

1.423559 AUD per USD

2026-10-30