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ExGen Resources (TSXV: EXG) and MTB Metals (OTCQB: MBYMF, TSXV: MTB) entered an arrangement agreement dated October 16, 2025 to merge their businesses, creating a consolidated copper, gold and lithium exploration and development company.
Under the deal MTB shareholders will receive 0.286 ExGen share per MTB share and are expected to hold approximately 35% of the combined company. The transaction is subject to MTB shareholder approval, court approval and TSX Venture Exchange acceptance; MTB expects a special meeting in early to mid December 2025. Both companies have initiated NI 43-101 technical reports on flagship projects and the combined assets include a 20% carried interest in the Empire mine and multiple Golden Triangle and Nevada projects.
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