Rex Minerals Limited (AU:RXM) has released an update.
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Rex Minerals Limited has agreed to a A$393 million acquisition by MACH Metals Australia, with MACH proposing to buy out all Rex shares it doesn’t already own at A$0.47 each, representing a significant premium to recent volume-weighted average prices. This move offers a swift value realization for shareholders at a decade high and ensures the development of the Hillside Copper-Gold Project aligns with South Australia’s decarbonization and copper development goals.
For further insights into AU:RXM stock, check out TipRanks’ Stock Analysis page.