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A2MP launches fully funded takeover bid for Canyon Resources at A$0.05 per share
10:30am on Wednesday 12th of August, 2026 AEST
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Mining
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A2MP launches fully funded takeover bid for Canyon Resources at A$0.05 per share
10:30am on Wednesday 12th of August, 2026 AEST
Key Points
A2MP holds 55.56% and offers A$0.05 cash per share
Offer fully funded, subject to 75% minimum acceptance and no prescribed occurrences
Bidder plans to delist Canyon Resources and reassess Minim Martap project viability
Canyon faces rising costs, lower bauxite premiums, and funding shortfalls
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Canyon Resources (ASX:CAY)
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