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An announcement from MinRex Resources Limited ( (AU:MRR) ) is now available.
MinRex Resources has completed its all-share merger with TSX-V listed Electrum Discovery, making Electrum a wholly owned subsidiary and consolidating their assets into a well-funded, ASX-listed gold and copper explorer. The deal adds Electrum’s Serbian portfolio, including the high-grade Tlamino Gold Project and the Timok East Copper-Gold Project, and is expected to see Electrum delisted from the TSX-V.
The enlarged group will focus on scaling and advancing the Tlamino project, pursuing district-scale discovery potential across Serbian copper and gold targets, and progressing MinRex’s existing Australian gold and base metals projects. MinRex has also strengthened its board with the appointment of Dr. Elena Clarici, signalling a strategic push into Serbia and a more prominent regional role in the Western Tethyan Belt for investors and stakeholders.
More about MinRex Resources Limited
MinRex Resources Limited is an ASX-listed mineral exploration company focused on gold and base metals. Following its merger with Canada’s Electrum Discovery Corp., MinRex now controls a portfolio of advanced gold and copper exploration and development assets in Australia and Serbia, including projects in the Lachlan Fold Belt and the Western Tethyan Belt.
Average Trading Volume: 2,146,280
Technical Sentiment Signal: Hold
Current Market Cap: A$18.44M
For an in-depth examination of MRR stock, go to TipRanks’ Overview page.