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    GMD — Genesis Minerals News Story

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    Brief: Genesis Minerals To Buy 100% Of Magnetic Resources

    Picture of Genesis Minerals logoGenesis Minerals
    16/02/2026 02:26
    Feb 16 (Reuters) - Genesis Minerals Ltd GMD.AX:

GENESIS TO BUY 100% OF MAGNETIC RESOURCES

MAGNETIC SHAREHOLDERS TO RECEIVE A$1.40 CASH AND 0.0873 NEW FULLY PAID ORDINARY SHARES IN GENESIS

DEALS IMPLIES FULLY DILUTED EQUITY VALUE OF A$639 MILLION

DEAL FOR FULLY DILUTED EQUITY VALUE OF A$639 MILLION

MAGNETIC BOARD UNANIMOUSLY RECOMMENDS MAGNETIC SHAREHOLDERS VOTE IN FAVOUR OF SCHEME

Further company coverage: GMD.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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