Predictive Discovery (ASX:PDI) and Robex Resources (ASX:RXR) agreed for Predictive to acquire all the shares of Robex via a merger of equals and create a AU$2.35 billion company, according to a Monday filing with the Australian bourse.

Under the deal, Robex's shareholders will receive 8.667 Predictive shares for each share held, the filing said.

Upon completion of the deal, Predictive will have a 51% stake in the combined company, while Robex will own 49%, the filing added.

The deal requires shareholder approval and is expected to be completed by early 2026, the companies said.

Cohen Group and Eglinton Mining, which collectively own a 25.2% stake in Robex, agreed to vote in favor of the merger at Robex's special meeting.

Robex's board also recommends that shareholders vote in favor of the merger, per the filing.