European Lithium Limited (ASX:EUR) entered into a binding agreement to acquire LRH Resources Limited from Technology Minerals Plc (LSE:TM1) for $0.05 million on April 22, 2024. Consideration of $10 million to be settled through 1.23 shares held by European Lithium in Critical Metals Corp. LRH Resources, that holds the rights, title and interest in the Leinster Lithium Project in Ireland. The Consideration Shares will be locked in and held in escrow until 28 February 2025. That the Consideration Shares will be subject to voluntary escrow for a period of 12 months from the date of issue of the Consideration Shares. The completion of legal and technical due diligence by the Company by 30, April 2024 or such later date as mutually agreed between the Parties in writing to the sole satisfaction of the Company and the Company obtaining any necessary third-party approvals or consents to complete the transaction. In the revised consideration, the Acquisition is to be settled through the transfer of 1.37 million shares held by European Lithium in Critical Metals Corp.


European Lithium Limited (ASX:EUR) completed the acquisition of LRH Resources Limited from Technology Minerals Plc (LSE:TM1) on November 25, 2024. Under the terms of the Acquisition, TM1 will sell to European Lithium the entire issued share capital of LRHR.