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A2MP launches cash takeover offer for Canyon Resources at A$0.05 per share amid project viability concerns
11:45am on Wednesday 29th of July, 2026 AEST
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Mining
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A2MP launches cash takeover offer for Canyon Resources at A$0.05 per share amid project viability concerns
11:45am on Wednesday 29th of July, 2026 AEST
Key Points
A2MP holds 55.56% and seeks full ownership of Canyon Resources
Offer price A$0.05 per share, below recent market price
Minim Martap Project viability challenged by increased costs and lower premiums
Offer subject to 75% minimum acceptance and no prescribed occurrences
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Canyon Resources (ASX:CAY)
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