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Electrum Discovery Announces Merger of Equals with MinRex Resources to Create Well-Capitalized Gold-Copper Exploration and Development Company
(TheNewswire)   Vancouver, Canada – TheNewswire - January 5, 2026 – El...
About this update from Electrum Discovery Corp.
[{"type":"text","content":"Electrum Discovery Announces Merger of Equals with MinRex Resources to Create Well-Capitalized Gold-Copper Exploration and Development Company\n(TheNewswire)\n\n\n\n \n\n\nVancouver, Canada – TheNewswire - January 5, 2026 – Electrum Discovery\nCorp. (\"Electrum\" or the\n\"Company\") (TSX-V:ELY |FRA:R8N |OTC:ELDCF)\nis pleased to announce\nthat it has entered into an arrangement\nagreement dated January 5, 2026 (the \"Arrangement Agreement\") with\nASX listed MinRex Resources Limited (ASX: MRR) (\"MinRex\") pursuant\nto which Electrum and MinRex will combine in a share exchange\ntransaction (the \"Transaction\") by way of a plan of arrangement\n(the \"Arrangement\").\n\n\n\nMinRex will be the surviving entity (the \"Resulting\nIssuer\" and/or\n\"Combined Company\") with an ASX listing, pro-forma\ncash in excess of ~A$8 million and no debt.\n\n\n\nHighlights:\n\n\n\n\nMerger of equals - whereby Electrum securityholders\nwill obtain 49.3% of the shares of the Combined Company while the\nremaining 50.7% of the shares will be retained by current MinRex\nshareholders. \n\n\n\nElectrum shareholders to receive approximately 7.9\nMinRex shares for each Electrum common share held. \n\n\n\nStrong balance sheet - the Combined Company is expected\nto be capitalised with a pro forma cash balance more than A$8m\n(post-transaction costs), and no debt.  \n\n\n\nASX listing is expected to offerimproved valuation environment and to unlock access to a\nlarge, specialist mining capital base within Australian Asia -\nPacific regions. \n\n\n\nBoard and management teams will combine to form a\nstrengthened leadership team, including the appointment of Dr. Elena\nClarici and Michael Thomsen to the board of directors of the Combined\nCompany. \n\n\n\nCombined Company creates a well-capitalised gold-copper\nexplorer, with a strong portfolio of advanced gold projects,\nincluding: \n\n\n\n\nElectrum’s Novo Tlamino Gold Project in Serbia hosting near surface Inferred\nMineral Resources of 670K oz AuEq (7,100,000 tonnes @ 2.9g/t AuEq),\nand the subject of a Preliminary Economic Assessment (PEA) completed\nin 20211 \n\n\n\nMinRex’s Sofala Gold Project in New South Wales,\nAustralia2.  \n\n\n\n\n\nFocused near-term strategy to unlock value at the\nNovo Tlamino Gold Project\nincludes both ...