Gold Hart Copper to Acquire Rhyolite Resources in All-Share Deal

Rhyolite Resources ( (TSE:RYE) ) has provided an update.

Gold Hart Copper Corp. has entered into a definitive agreement to acquire all outstanding shares of Rhyolite Resources Limited in an all-share deal, offering one Gold Hart share for every 2.6 Rhyolite shares. The transaction follows Gold Hart’s oversubscribed $18.6 million financing, positioning the combined company with strengthened funding for exploration across Chilean and other mineral properties.

Rhyolite’s board has unanimously approved the deal, backed by an independent fairness opinion, and is urging shareholders to vote in favour at a June 9 meeting. The merger, targeted to close in late Q2 2026 pending shareholder, court, regulatory approvals and working capital conditions, is expected to consolidate significant exploration assets and could enhance scale and strategic positioning in the copper-gold-silver exploration space.

More about Rhyolite Resources

Rhyolite Resources is a Vancouver-based mineral exploration company focused on acquiring, exploring and developing mineral properties. Gold Hart Copper is a Chile-focused exploration company and one of the largest independent landowners around major miners in the Maricunga Gold Belt and emerging Vicuña Copper Belt, targeting gold, copper and silver assets adjacent to some of the continent’s largest deposits.

Average Trading Volume: 195,956

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$12.11M

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