MinRex to acquire Electrum shares in gold-copper merger

MinRex Resources has entered into a definitive arrangement agreement to acquire all issued and outstanding shares of Electrum Discovery, representing a major gold-copper merger. The transaction will proceed via a statutory plan of arrangement. Valued at around $18.73m (A$28m), the deal is being positioned as a merger of equals. The combined company will bring together Electrum’s gold and copper projects in Serbia with MinRex’s assets in New South Wales (NSW), Australia. A key highlight is Electrum’s T ...