Business
International Resources Holding Completes Acquisition of Majority Stake in Alphamin Resources Corp.
International Resources Holding Completes Acquisition of Majority Stake in Alphamin Resources Cor...
About this update from Alphamin Resources Corp.
[{"type":"text","content":"\n\n\n\n International Resources Holding Completes Acquisition of Majority Stake in Alphamin Resources Corp.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n ABU DHABI, UAE\n \n ,\n \n\n July 22, 2025\n \n\n /CNW/ - International Resources Holding (\"\n \n IRH\n \n \"), an\n \n Abu Dhabi\n \n -based global mining company, and Tremont Master Holdings (\"\n \n\n Tremont\n \n\n \") are pleased to announce the completion of IRH's previously announced acquisition (the \"\n \n Transaction\n \n \") of a 56% majority interest in Alphamin Resources Corp. (TSXV: AFM) (JSE: APH) (\"\n \n Alphamin\n \n \") from\n \n Tremont\n \n .\n \n\n Ali Alrashdi, CEO of International Resources Holding, commented:\n \n \"This acquisition marks a significant milestone for IRH. We see Alphamin, and its operations at Bisie, not just as a world-class tin asset, but as a strategic opportunity for the long-term development of a vital resource for the green energy transition, and a long-term boost to development in North Kivu, through investment in sustainable operations, skills development, and local partnerships. We look forward to working closely with Alphamin management and the communities around Bisie to unlock shared value.\"\n \n\n\n IRH, through its wholly owned subsidiary, Alpha Mining LTD, has acquired 718,990,967 common shares (the \"\n \n Acquired Shares\n \n \") of Alphamin (the \"\n \n Common Shares\n \n \") from\n \n Tremont\n \n at a price of\n \n C$0.70\n \n per share, representing approximately 56% of the outstanding shares of Alphamin. IRH has paid Tremont\n \n US$367,001,749\n \n in cash for the Acquired Shares.\n \n\n\n Required Early Warning Disclosure\n \n\n\n Immediately prior to entering into the definitive agreement regarding the Transaction, IRH did not own any Common Shares.\n \n\n Prior to completion of the Transaction, Tremont owned 729,124,559 Common Shares, representing approximately 57% of the outstanding Common Shares, and upon completion of the Transaction, continues to hold 10,133,592 Common Shares, representing approx...