Diatreme Resources Finalizes Metallica Takeover

Diatreme Resources Limited (AU:DRX) has released an update.

Diatreme Resources Limited has successfully completed its takeover of Metallica Minerals Limited, achieving complete ownership with a 100% stake in the company. Former Metallica shareholders are being informed about the acquisition consideration, which will be paid out either in cash or in Diatreme shares, depending on the shareholder category. Diatreme, an emerging Australian producer of mineral and silica sands, is also working closely with its development partner, Sibelco, focusing on ESG principles and contributing to global decarbonization efforts.

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