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Zenith Shareholder Ida Metal Holds 10% but Rejects Forrestania Offer

8:43am on Thursday 23rd of July, 2026 AEST Mining
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Zenith Shareholder Ida Metal Holds 10% but Rejects Forrestania Offer

8:43am on Thursday 23rd of July, 2026 AEST
Key Points
  • Ida Metal boosts Zenith stake to 10.1%
  • Ida Metal currently declines Forrestania takeover offer
  • Forrestania bid requires 50.1% acceptance to become unconditional
  • Zenith board unanimously recommends accepting Forrestania offer
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