Rex Minerals Limited (AU:RXM) has released an update.
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Rex Minerals Limited has agreed to a buyout by MACH Metals Australia Pty Ltd, with an offer to acquire all remaining shares for A$0.47 each, valuing the company at A$393 million. This deal, representing a significant premium over Rex’s recent average share price, is recommended by the Rex Board and awaits shareholder and regulatory approval. Additionally, Rex reports operational readiness for the Hillside Copper-Gold Project and expanded exploration approval for the Hog Ranch Gold Property in Nevada.
For further insights into AU:RXM stock, check out TipRanks’ Stock Analysis page.
