Shareholders Approve Reverse Takeover of BWR Exploration by Electro Metals and Mining

BWR Exploration ( (TSE:BWR) ) just unveiled an announcement.

BWR Exploration Inc. and Electro Metals and Mining Inc. have received shareholder approval for an amalgamation that will see Electro complete a reverse takeover of BWR, leading to the creation of a new TSX Venture Exchange-listed entity, Electro Metals Corp. Shareholders of both companies strongly backed the amalgamation, related corporate actions such as name change, share consolidation and equity incentive plans, and the appointment of new boards, setting the stage for Electro to assume the listing and advance its high-grade copper and gold projects. Concurrently, the companies have closed initial tranches of a larger concurrent financing, raising approximately $329,000 through the issuance of flow-through and hard-dollar units as part of a broader plan to secure up to $4 million for exploration. The transaction, which includes a one-for-one share exchange for Electro shareholders on a post-consolidation basis and implies a low effective price for existing BWR shares, is expected to close around January 31, 2026, subject to final approvals and full financing, potentially reshaping the combined company’s capital structure and positioning it for more aggressive exploration activity in the base and precious metals sector.

More about BWR Exploration

BWR Exploration Inc. is a Tier 2 junior exploration company listed on the TSX Venture Exchange, focused on early-stage mineral exploration projects in Canada. Its portfolio includes the Vendôme Sud copper-nickel project in Québec, the Shunsby copper-zinc project in Ontario, and the Little Stull Lake gold project in Manitoba, all of which host historic, non-NI 43-101-compliant resources requiring further work to meet current reporting standards.

Average Trading Volume: 113,162

Technical Sentiment Signal: Buy

Current Market Cap: C$1.66M

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