Feed Explorer$US Antimony(UAMY.US)
US Antimony $US Antimony(UAMY.US) announced that it has submitted a confidential, non-binding proposal to acquire 100% of the shares of Larvotto Resources Limited through an Australian scheme of arrangement.
The offer is structured as a share exchange transaction, with Larvotto shareholders receiving a total of 6 UAMY shares for every 100 Larvotto shares, representing a significant premium to Larvotto's recent market performance.
The bid aims to consolidate the company's critical minerals and antimony production capabilities.
The transaction is subject to the execution of definitive agreements and all necessary approvals.
Rating agencies adjusted the target price to $20.
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