Welcome to our dedicated page for MTB Metals news (Ticker: MBYMF), a resource for investors and traders seeking the latest updates and insights on MTB Metals stock.
MTB Metals Corp. news centers on the company's history as a Canadian mineral exploration issuer and its completed acquisition by ExGen Resources through a court-approved plan of arrangement. Prior company updates covered the Telegraph Project, a 350-square-kilometre copper-gold porphyry property in British Columbia's Golden Triangle, including drilling results from the Dok Trend, geophysical work, and geological studies tied to porphyry exploration.
Recurring corporate news also included private-placement financings using flow-through and non-flow-through units, warrant and share capital disclosures, shareholder voting matters, governance updates, risk factors, and operating and financial results.
ExGen Resources (OTC: BXXRF) completed a court-approved plan of arrangement to acquire 100% of MTB Metals on December 19, 2025.
Under the Arrangement, MTB shareholders receive 0.286 ExGen share per MTB share and outstanding MTB options and warrants were exchanged or adjusted on the same 0.286 exchange ratio. Following closing, ExGen has 109,149,808 issued and outstanding shares. MTB is expected to be delisted from the TSX Venture Exchange on or about December 23, 2025, and ExGen will file an early warning report and seek MTB reporting issuer termination.
MTB Metals (OTCQB: MBYMF) announced that its securityholders approved a plan of arrangement to be acquired by ExGen Resources. The special meeting on Dec 11, 2025 saw Securityholders approve the Arrangement with 94.52% of votes cast in favour; Shareholders voted 94.31% in favour. The Supreme Court of British Columbia issued a final order approving the Arrangement. Under the deal each MTB share will be exchanged for 0.286 of an ExGen common share. Completion is subject to customary closing conditions, including TSXV approval, and is expected to occur on Dec 19, 2025. MTB shares are expected to be delisted from the TSXV upon closing.
MTB Metals (OTCQB: MBYMF) filed special meeting materials and a technical report in connection with a proposed plan of arrangement with ExGen Resources.
Under the Arrangement each MTB share will be exchanged for 0.286 common shares of ExGen, resulting in current MTB securityholders holding approximately 36.88% of the combined company. The MTB board recommends voting FOR the Arrangement. The special meeting is scheduled for December 11, 2025 and only securityholders of record as of October 30, 2025 may vote.
MTB also filed a NI 43-101 Technical Report on the Telegraph Property, effective October 3, 2025, and the Telegraph Property will transfer to ExGen on completion of the Arrangement.
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.
MTB Metals Corp. has completed a non-brokered private placement, raising $344,000. The company issued 6,350,000 flow-through units at $0.04 each and 2,250,000 non-flow-through units at the same price. Each non-flow-through unit includes one common share and one warrant, exercisable at $0.08 within 24 months. Each flow-through unit consists of one flow-through share and a half warrant, exercisable at $0.08 within 18 months. The funds will advance MTB's Telegraph porphyry copper-gold project and be used for working capital. The transaction awaits TSX Venture Exchange approval and includes participation by company executives, constituting a related party transaction under MI 61-101.
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