tiprankstipranks
Trending News
More News >

Mandalay Resources Secures Key Approvals for Alkane Merger

Story Highlights
  • Mandalay Resources is merging with Alkane to form a mid-tier gold and antimony producer.
  • The merger has received Australian FIRB approval and is set to close in August 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mandalay Resources Secures Key Approvals for Alkane Merger

Don’t Miss TipRanks’ Half-Year Sale

Mandalay Resources ( (TSE:MND) ) just unveiled an announcement.

Mandalay Resources has received approval from the Australian Foreign Investment Review Board for its proposed merger with Alkane Resources, marking a significant step forward in the transaction. The merger, which aims to create a diversified mid-tier gold and antimony producer, has been unanimously approved by Mandalay’s board and is expected to close in early August 2025, pending shareholder approval and other customary conditions.

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’ strong financial health and favorable corporate events are the primary drivers of its high score. Although technical indicators suggest bearish momentum, the stock’s low valuation and strategic corporate developments provide significant upside potential.

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 operating safely and in an environmentally responsible manner.

Average Trading Volume: 163,729

Technical Sentiment Signal: Buy

Current Market Cap: C$459.1M

Learn more about MND stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1