BWR Exploration Inc. and Electro Metals and Mining Inc. Announce Meeting of Shareholders and Record Date
Globenewswire·2025-11-25 15:52

Core Viewpoint - BWR Exploration Inc. is set to hold its Annual General and Special Meeting on December 31, 2025, to approve a Reverse Takeover (RTO) by Electro Metals and Mining Inc., which is expected to create a new publicly traded company with significant growth potential in the mining sector [1][3][5]. Group 1: Company Announcements - BWR will issue one post-consolidation share for each Electro share, implying a share price of $0.021 for each pre-consolidation BWR share [3]. - Both companies' Boards of Directors have unanimously voted in favor of the Transaction and are encouraging shareholders to support it [3][6]. - A ZOOM call to present the Transaction will take place on November 27, 2025 [3]. Group 2: Financial Aspects - The companies plan to raise between $1.6 million and $2.25 million through Flow Through (FT) Units priced at $0.26, and between $1.6 million and $1.75 million through Hard Dollar (HD) Units priced at $0.20 [4]. - Each FT Unit will consist of one FT common share and one-half of a Common Share Purchase Warrant, while each HD Unit will consist of one Common Share and one Common Share Purchase Warrant [4]. Group 3: Project and Asset Details - The Transaction aims to establish a company with high-grade copper and gold projects, particularly focusing on the Magusi–Fabie Project in Québec, which is seen as a critical and precious metals opportunity [4][6]. - Electro holds a 100% interest in a block of claims covering 570.73 hectares with historical copper-silver mineralization and has an option for an adjacent block of 6,517.6 hectares [8][10]. - The plan includes expanding known resources at the Magusi and Fabie deposits and exploring other high-priority targets on the combined property [10]. Group 4: Management and Expertise - Management teams of both BWR and Electro consist of experienced professionals with decades of operational experience in the junior resource sector [7][11]. - The companies emphasize their commitment to creating significant value for shareholders through the successful completion of the Transaction and subsequent exploration efforts [4][6].

BWR Exploration Inc. and Electro Metals and Mining Inc. Announce Meeting of Shareholders and Record Date - Reportify