The High Court of Justice in England and Wales has approved Dundee Precious Metals’ acquisition of Adriatic Metals, including the Vareš mine in Bosnia and Herzegovina. Valued at $1.3bn, the deal will enhance DPM’s production capabilities. Shareholders will receive 0.1590 of a DPM common share and 93p in cash per Adriatic share. The transaction is set to close on September 3, 2025, pending final approvals. DPM has also secured admission to the Australian Securities Exchange (ASX) with conditions, with official quotation of CHESS Depositary Interests expected post-transaction completion. Legal advisors are guiding both parties through the acquisition process.

Read more at Yahoo Finance: UK court approves Dundee Precious Metals’ acquisition of Adriatic Metals