CZR Resources Accepts Superior Proposal from Robe River JV
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CZR Resources Ltd has accepted a superior takeover proposal from the Robe River Iron Associates Joint Venture, led by Rio Tinto, for A$75 million, terminating its previous agreement with Miracle Iron Resources and withdrawing support for Fenix Resource Ltd's offer. The transaction requires shareholder approval, with a meeting set for May 29, 2025. Major shareholder Mark Creasy supports the deal, which is expected to enhance CZR's financial position and strategic alignment. CZR focuses on iron ore and other mineral projects, with a current market cap of A$61.55M.
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