International Resources Holding Acquires Majority Stake in Alphamin Resources from Tremont Master Holdings

International Resources Holding (IRH) has announced a definitive agreement to acquire a majority stake in Alphamin Resources Corp. from Tremont Master Holdings. This strategic move, valued at approximately C$503.3 million (US$367 million), will see IRH gain control of 56% of Alphamin's outstanding common shares, significantly bolstering IRH's presence in the global industrial metals sector.

A Strategic Acquisition in the Global Tin Market

International Resources Holding (IRH), an Abu Dhabi-based global mining company, is set to acquire 718,990,967 common shares of Alphamin Resources Corp. from Tremont Master Holdings. This acquisition represents approximately 56% of Alphamin's outstanding common shares. The total consideration for this transaction is C$503,293,677 (US$367,001,749), subject to certain completion adjustments.

Alphamin is recognized as one of the world's largest and highest-grade tin producers. Tin is a critical raw material widely used in electronics, manufacturing, and various industrial applications. This acquisition aligns with IRH's strategy to secure high-quality mining assets with long-term growth potential and strengthen its position in the global industrial metals supply chain.

Leadership Perspectives

• Ali Alrashdi, CEO of IRH: Stated that Alphamin's strong production profile perfectly aligns with IRH's strategy of securing interests in high-quality mining assets with long-term growth potential.
• Rob Still, Chairman of Tremont Master Holdings: Expressed satisfaction in transferring ownership to another long-term investor who shares their vision for the Bisie mine operation and commitment to the region, following Tremont's 12-year involvement in exploring, evaluating, building, and operating the mine.

Transaction Details and Future Implications

Upon completion of the transaction, IRH will own 718,990,967 common shares, representing approximately 56% of Alphamin. Tremont, which currently holds about 57% of the common shares, will retain a minor stake of approximately 0.8%.

IRH's acquisition is primarily for investment purposes. The company intends to continuously review its investment in Alphamin and may consider further actions, including potentially acquiring the remaining outstanding common shares, based on market conditions, Alphamin's performance, and other strategic factors.

The closing of the transaction is contingent upon fulfilling various conditions, including obtaining all necessary regulatory and internal corporate approvals. The acquisition is structured as a private agreement with a limited number of third parties, adhering to relevant securities regulations.

Key Takeaways

• IRH to acquire a 56% majority stake in Alphamin Resources Corp. from Tremont Master Holdings.
• The transaction is valued at approximately C$503.3 million (US$367 million).
• Alphamin is a leading global producer of high-grade tin, a critical industrial metal.
• The acquisition strengthens IRH's position in the global industrial metals sector and aligns with its long-term growth strategy.
• The deal is subject to regulatory and internal corporate approvals.

Sources

• International Resources Enters into Agreement to Acquire Majority Interest in Alphamin Resources from Tremont
  Master Holdings, Junior Mining Network.