Scheme Completed
Genesis Minerals acquisition of Magnetic Resources
A$639m equity value
Announced 16 Feb 2026 · ASX: MAU · A$2.00 cash and scrip per share · 25% premium
Advisers
Magnetic Resources
Target
- Financial adviser
- Legal adviser
- Independent expert
- Valuation
Genesis Minerals
Acquirer
- Financial adviser
- Legal adviser
- Target
- Magnetic Resources
- Acquirer
- Genesis Minerals
- Structure
- Scheme of arrangement
- Completed
- 22 Jun 2026
- Sector
- Gold and silver
In the league tables
- M&A financial advisers, 2026 to date Sternship Advisers #8 · Canaccord Genuity #10 · Jefferies #17
- M&A financial advisers, completed, 2026 to date Canaccord Genuity #4 · Sternship Advisers #9 · Jefferies #13
- M&A legal advisers, 2026 to date Hamilton Locke #25 · Broadstream Advisory #33
- M&A legal advisers, completed, 2026 to date Hamilton Locke #17 · Broadstream Advisory #22
- Independent experts, 2026 to date BDO #1
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Sources
- 16 Feb 2026 Genesis recommended offer for Magnetic Resources ASX
- 16 Feb 2026 Hamilton Locke advises Magnetic Resources on $639 million acquisition by Genesis Minerals hamiltonlocke.com.au
- 20 Feb 2026 Genesis Minerals to Acquire Magnetic Resources in $639 Million Deal globallegalchronicle.com
- 29 Apr 2026 Scheme Booklet Registered with ASIC ASX
- 22 Jun 2026 Implementation of the Scheme ASX