Mandalay Resources Gains Swedish Approval for Merger with Alkane

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

Mandalay Resources has received Swedish regulatory approval for its proposed merger with Alkane Resources, allowing the transaction to proceed under Swedish law. The merger still requires approval from the Supreme Court of British Columbia, regulatory bodies, and shareholders from both companies, with meetings expected in late July 2025.

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 receives a strong overall score driven by its robust financial performance and positive corporate events, including strategic growth initiatives such as the merger with Alkane Resources. The stock’s stable technical indicators and undervalued P/E ratio further bolster its attractiveness, despite the lack of earnings call data.

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 cashflow, while operating safely and in an environmentally responsible manner.

Average Trading Volume: 165,406

Technical Sentiment Signal: Buy

Current Market Cap: C$480.9M

See more insights into MND stock on TipRanks’ Stock Analysis page.