In today’s briefing:
- Who’s Winning from Rex’s $400m Bid?
Who’s Winning from Rex’s $400m Bid?
- Rex Minerals being acquired by major shareholder, Selim Group, for $393 million
- Acquisition comes after extensive partnering process and recent investment by Mac with 16% shareholding
- Rex’s Hillside project in South Australia has historical challenges but now looks set for development with new ownership and funding capabilities
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