ExGen Resources and MTB Metals Set to Merge, Shaping Future in Copper Market

ExGen Resources Inc. is set to merge with MTB Metals Corp., reshaping the copper market and positioning the new entity for significant growth in the metals sector.

On October 16, 2025, ExGen Resources Inc. and MTB Metals Corp. announced a merger agreement, uniting their operations and properties in the copper industry.
The deal stipulates that MTB shareholders will receive 0.286 of an ExGen share for each MTB share, resulting in them owning approximately 35% of the combined entity.
The transaction is subject to approval from MTB shareholders and the court, highlighting the regulatory steps necessary for the merger to proceed under the TSX Venture Exchange.

Por Qué Es Relevante

This merger is significant as it consolidates resources in the copper market, potentially enhancing the competitive landscape in metal production, while also reflecting broader trends in the resource sector, including a focus on valuable metals like lithium.