Electrum Discovery Corp. and MinRex Resources Limited have agreed to combine in a share exchange transaction that will create a well-capitalized gold-copper exploration and development company. Under the planned arrangement, MinRex will be the surviving entity with an ASX listing, a pro-forma cash position exceeding approximately A$8 million, and no debt. Upon completion of the deal, Electrum’s shares are expected to be delisted from the TSX-V, Frankfurt Stock Exchange, and the OTCQB Venture Market. The combined board and management teams will include Dr. Elena Clarici, Electrum’s President and CEO, and Michael Thomsen, a non-executive director of Electrum, who will join MinRex’s board as executive and non-executive directors respectively. The transaction is targeted to close in March 2026, subject to customary closing conditions and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electrum Discovery Corp. published the original content used to generate this news brief via TheNewswire (Ref. ID: 1LPRFOee8) on January 05, 2026, and is solely responsible for the information contained therein.