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Mandalay Resources Announces Shareholder Meeting for Acquisition Approval

Story Highlights
  • Mandalay Resources plans a shareholder meeting to approve its acquisition by Alkane Resources.
  • The board supports the acquisition, seeing it as beneficial and fair to shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mandalay Resources Announces Shareholder Meeting for Acquisition Approval

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Mandalay Resources ( (TSE:MND) ) has shared an announcement.

Mandalay Resources Corporation has announced the mailing of a management information circular for a special meeting of shareholders to approve a plan of arrangement. This arrangement involves Alkane Resources Limited acquiring all issued and outstanding common shares of Mandalay. The board of directors has unanimously recommended the arrangement, considering it in the best interests of the company and fair to shareholders. The arrangement is anticipated to be completed on August 5, 2025, pending necessary approvals.

The most recent analyst rating on (TSE:MND) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Mandalay Resources stock, see the TSE:MND Stock Forecast page.

Spark’s Take on TSE:MND Stock

According to Spark, TipRanks’ AI Analyst, TSE:MND is a Outperform.

Mandalay Resources exhibits strong financial performance and attractive valuation, bolstered by strategic corporate events such as its merger with Alkane Resources. However, weak technical indicators indicate potential short-term challenges. The overall score reflects a balanced view of strong fundamentals and strategic growth opportunities against current market headwinds.

To see Spark’s full report on TSE:MND stock, click here.

More about Mandalay Resources

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden. The company focuses on growing its production and reducing costs to generate significant positive cash flow while maintaining a commitment to safety, environmental responsibility, and community engagement.

Average Trading Volume: 151,293

Technical Sentiment Signal: Buy

Current Market Cap: C$436.4M

Find detailed analytics on MND stock on TipRanks’ Stock Analysis page.

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