Electrum Shareholders Back Merger with MinRex Resources

MinRex Resources Limited ( (AU:MRR) ) has issued an update.

MinRex Resources Limited announced that securityholders of Canada’s Electrum Discovery Corp. have overwhelmingly approved a proposed merger under a statutory plan of arrangement in British Columbia. Approximately 99.99% of votes cast at Electrum’s special meeting supported the transaction, satisfying multiple super-majority and minority approval thresholds required under the merger agreement.

Completion of the deal now hinges primarily on a final order from the Supreme Court of British Columbia, expected on 30 March 2026, and remaining closing conditions, with completion targeted around 9 April 2026. The merger will combine MinRex’s Australian gold and base metals portfolio with Electrum’s Serbian gold-silver and copper-gold assets, potentially broadening MinRex’s geographic footprint and commodity exposure while reshaping its growth profile for existing shareholders.

The most recent analyst rating on (AU:MRR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on MinRex Resources Limited stock, see the AU:MRR Stock Forecast page.

More about MinRex Resources Limited

MinRex Resources Limited is an Australian-based, ASX-listed gold and base metals explorer focused on highly prospective projects in New South Wales’ Lachlan Fold Belt. Its portfolio covers about 438 square kilometres of tenements, including the Sofala Gold Project, which hosts JORC 2012-compliant resources of 352,000 ounces of gold. Electrum Discovery Corp. is a Canadian TSX-V-listed, growth-oriented company advancing the Tlamino gold-silver and Timok East copper-gold projects in Serbia’s Western Tethyan Belt.

Average Trading Volume: 3,214,108

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$15.19M

For detailed information about MRR stock, go to TipRanks’ Stock Analysis page.