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Why Is MinRex Acquiring Electrum? Inside the $42M Gold-Copper Merger

9:44pm on Thursday 26th of February, 2026 AEDT Mining
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Why Is MinRex Acquiring Electrum? Inside the $42M Gold-Copper Merger

9:44pm on Thursday 26th of February, 2026 AEDT
Key Points
  • Acquisition of Electrum by MinRex via statutory Plan of Arrangement
  • Electrum securityholders to receive 7.900363636 MinRex shares per Electrum share
  • Electrum convertible securities cancelled and settled with MinRex shares based on fair value
  • Combined company to be listed on ASX with Electrum as wholly-owned subsidiary
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