SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Zhernov Mykhailo

(Last)(First)(Middle)
251 LITTLE FALLS DRIVE

(Street)
WILMINGTON DELAWARE 19808

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Critical Metals Corp. [ CRML ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares11/05/2026J935,024(1)A(2)1,394,203D
Ordinary Shares11/05/2026J2,053,392A(2)2,053,392IMillstone and Company Global DWE-LLC
Ordinary Shares11/01/2026J150,000A(3)150,000(4)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Replacement Performance Warrant (EUR Class 3)$0.00(5)11/05/2026J1 (6)12/31/2027Ordinary Shares225,000(7)1D
Replacement Performance Warrant (EUR Class 4)$0.00(5)11/05/2026J1 (6)12/31/2028Ordinary Shares225,000(7)1D
Replacement Performance Warrant (EUR Class 5)$0.00(5)11/05/2026J1 (6)12/31/2028Ordinary Shares225,000(7)1D
Replacement Performance Warrant (EUR Class 6)$0.00(5)11/05/2026J1 (6)12/31/2029Ordinary Shares225,000(7)1D
Explanation of Responses:
1. On November 5, 2026, the Reporting Person acquired 2,988,416 Ordinary Shares of Critical Metals Corp. (the "Issuer") in exchange for ordinary shares of European Lithium Limited in connection with implementation of a scheme of arrangement. The exchange ratio was 0.045 Ordinary Shares of Critical Metals Corp. for each ordinary share of European Lithium Limited.
2. The Ordinary Shares were acquired solely in exchange for ordinary shares of European Lithium Limited at the exchange ratio described in footnote (1). No cash consideration was paid by the Reporting Person.
3. The restricted stock units were granted to the Reporting Person as compensation for services to the Issuer. No monetary consideration was paid for the award.
4. Represents ordinary shares of the Issuer, par value $0.001 per shares ("Ordinary Shares" underlying restricted stock units ("RSU's") granted on November 1, 2026 that will vest on November 1, 2027 subject to the reporting person's continued service through such date. Each RSU represents a continent right to receive one Ordinary Share.
5. Each reported warrant entitles the Reporting Person to receive 225,000 Ordinary Shares, subject to adjustment and satisfaction of the applicable vesting condition, without payment of any further cash exercise price. The quantities in columns 5 and 9 are expressed as the number of warrants; the underlying Ordinary Shares are reported in column 7.
6. Each warrant vests automatically when the volume-weighted average price of the Ordinary Shares of the Issuer on Nasdaq over 20 consecutive Nasdaq trading days equals or exceeds the applicable threshold, subject to adjustment under the warrant. The thresholds for the warrants replacing the EUR Class 3, Class 4, Class 5 and Class 6 Performance Rights are $10.92, $12.48, $14.04 and $15.60, respectively. The applicable condition must be satisfied on or before December 31, 2027, December 31, 2028, December 31, 2028 and December 31, 2029, respectively, or the relevant warrant automatically lapses. Upon vesting, no exercise notice or other action by the Reporting Person is required, and the underlying Ordinary Shares are to be issued as soon as reasonably practicable and in any event within five business days after satisfaction of the condition.
7. On November 5, 2026, the Issuer issued the replacement warrants in connection with implementation of the scheme of arrangement between Critical Metals Corp. and European Lithium Limited. Each warrant was issued in replacement of 5,000,000 European Lithium Limited performance rights of the corresponding class held by the Reporting Person, which were cancelled in connection with the transaction. The share scheme transaction ratio was 0.045, resulting in an entitlement to 225,000 Ordinary Shares under each warrant. The consideration comprised cancellation of those performance rights and the other consideration provided under or in connection with those deeds.
/s/ John Thomas, Attorney-in-Fact11/10/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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* Form 4: SEC 1474 (03-26)