tiprankstipranks
Trending News
More News >

New World Resources Agrees to A$185M Acquisition by Central Asia Metals

Story Highlights
  • New World Resources is set to be acquired by Central Asia Metals for A$185 million.
  • The acquisition offers a significant premium and is recommended by New World’s directors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
New World Resources Agrees to A$185M Acquisition by Central Asia Metals

Confident Investing Starts Here:

New World Resources Limited ( (AU:NWC) ) has shared an announcement.

New World Resources Limited has entered into a Scheme Implementation Deed with Central Asia Metals Plc, proposing that CAML will acquire all shares in New World for A$0.05 per share, valuing the company at approximately A$185 million. This transaction offers a significant premium over New World’s recent share prices and is recommended by the company’s directors as being in the best interests of shareholders. The deal is subject to customary conditions, including shareholder and court approvals, and is expected to be implemented shortly after the Scheme meeting in August 2025. The acquisition is set to enhance New World’s value realization and strategic positioning in the market.

The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.

More about New World Resources Limited

New World Resources Limited operates in the mining industry, focusing on copper, gold, and zinc projects in the United States, specifically the Antler Copper Project in Arizona and the Tererro Copper-Gold-Zinc Project in New Mexico.

Average Trading Volume: 6,855,151

Technical Sentiment Signal: Buy

Current Market Cap: A$106.2M

For an in-depth examination of NWC stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report 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