Themac Rescs Stock Price, News & Analysis

THEMAC Resources Group Limited (OTC: MACQF) is associated with THEMAC Resources Group Limited, a basic materials company in the Other Industrial Metals & Mining industry. According to company disclosures in its news releases, THEMAC describes itself as a copper development company with a 100% ownership interest, as of May 18, 2011, in the Copper Flat copper-molybdenum gold-silver project in New Mexico, USA. The company has stated that it is working to advance the closed Copper Flat copper mine in Sierra County, New Mexico toward production with an emphasis on innovation, sustainable mining development and production, local economic opportunities, and reclamation practices suited to the local environment.

THEMAC’s shares have been listed on the TSX Venture Exchange under the ticker symbol MAC, and the company has also been quoted in the United States under the symbol MACQF. In its public communications, THEMAC has highlighted the Copper Flat Project as its key asset, describing it as a copper-molybdenum gold-silver project and referring to the historical Copper Flat mine as a closed copper mine being advanced toward potential future production. This positions the company within the broader basic materials and mining sector, with a focus on copper and associated metals.

Corporate structure and going private transaction

Based on a series of Newsfile Corp. releases, THEMAC entered into a going private transaction with Tulla Resources Group Pty Ltd. In a July 31, 2025 news release, THEMAC announced that it intended to seek shareholder approval for a proposal to take the company private, pursuant to an offer from Tulla Resources Group Pty Ltd. The transaction was structured as a statutory plan of arrangement under the Yukon Business Corporations Act, under which minority shareholders would receive cash consideration for each common share.

On August 29, 2025, THEMAC reported that it had executed an arrangement agreement with Tulla Resources Group Pty Ltd. Under this agreement, Tulla would acquire all of the issued and outstanding common shares of THEMAC not already owned by Tulla, by way of a plan of arrangement under the Yukon Business Corporations Act. The company explained that the completion of this transaction was subject to shareholder approval, court approval from the Supreme Court of Yukon, TSX Venture Exchange approval, and other customary closing conditions.

In an October 7, 2025 news release, THEMAC announced that shareholders had approved the going private transaction at a special meeting. The company reported that holders of common shares voted in favour of the special resolution to approve the plan of arrangement with Tulla Resources Group Pty Ltd, under which Tulla would acquire all common shares not already owned by it. THEMAC then sought a final order from the Yukon Supreme Court to approve the arrangement.

On October 9, 2025, THEMAC disclosed that it had obtained the final order of the Yukon Supreme Court approving the plan of arrangement with Tulla Resources Group Pty Ltd. The company indicated that, subject to the satisfaction or waiver of remaining closing conditions, the arrangement was expected to be completed later that month, after which THEMAC would become a wholly owned subsidiary of Tulla and its common shares would be delisted from the TSX Venture Exchange.

On October 22, 2025, THEMAC announced the closing of the going private transaction. In that release, the company stated that it had closed the previously announced plan of arrangement under the Business Corporations Act (Yukon), pursuant to which Tulla Resources Group Pty Ltd acquired all of the issued and outstanding common shares of THEMAC not already held by Tulla. Following completion of the arrangement, the purchaser had beneficial ownership and control over 100% of the issued and outstanding common shares. THEMAC also indicated that its common shares were expected to be delisted from the TSX Venture Exchange and that it intended to apply to cease to be a reporting issuer and terminate its public reporting obligations with applicable securities regulators.

Copper Flat Project focus

In its July 31, 2025 news release, THEMAC provided an “About” section describing its business focus. The company stated that it is a copper development company with a strong management team and, as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum gold-silver project in New Mexico, USA. THEMAC further indicated that it is continuing to advance the closed Copper Flat copper mine in Sierra County, New Mexico toward production, emphasizing innovation, a sustainable approach to mining development and production, local economic opportunities, and reclamation practices tailored to the local environment.

In a September 5, 2025 news release, THEMAC discussed regulatory developments related to water rights for the Copper Flat Project. The company reported that, in April 2019, an agreement had been entered into to lease Santa Teresa water rights for use at the Copper Flat Mine by THEMAC’s wholly owned New Mexico Copper Corporation, and that an application to change the point of diversion and place and purpose of use had been filed with the New Mexico State Engineer’s Office. THEMAC then disclosed that the New Mexico State Engineer had issued a decision denying the application. The company stated that it was reviewing the decision and considering its next steps, and that it had been investigating alternative options for more economically favourable and sustainable water management systems for the Copper Flat Project.

According to the same September 5, 2025 release, THEMAC indicated that these alternative options include dry stack tailings technology for waste management at the Copper Flat site. The company described this technology as allowing for safer and more sustainable waste management and noted that the feasibility of dry stack tailings technology for the project was at an advanced stage of evaluation, subject to further detailed analysis regarding implementation and permitting.

Trading status and historical context

Based on THEMAC’s public statements, the company’s common shares have traded on the TSX Venture Exchange under the symbol MAC, and the company has communicated that, following completion of the going private transaction with Tulla Resources Group Pty Ltd, its common shares are expected to be delisted from the TSX Venture Exchange. THEMAC has also stated that it intends to apply to cease to be a reporting issuer in the Canadian jurisdictions where it is currently a reporting issuer. These disclosures indicate that THEMAC is transitioning from a publicly traded company to a privately held subsidiary of Tulla Resources Group Pty Ltd.

For investors and researchers looking at the symbol MACQF, this represents an over-the-counter reference to THEMAC Resources Group Limited. The available public information emphasizes THEMAC’s role in the basic materials sector, its focus on the Copper Flat copper-molybdenum gold-silver project in New Mexico, and the corporate steps taken to complete a going private transaction and delist from the TSX Venture Exchange.

Key points for investors and researchers

• THEMAC Resources Group Limited is associated with the basic materials sector and the Other Industrial Metals & Mining industry.
• The company has described itself as a copper development company with a 100% ownership interest, as of May 18, 2011, in the Copper Flat copper-molybdenum gold-silver project in New Mexico, USA.
• THEMAC has focused on advancing the closed Copper Flat copper mine in Sierra County, New Mexico toward potential production with an emphasis on innovation, sustainable mining practices, local economic opportunities, and reclamation.
• In 2025, THEMAC entered into and completed a going private transaction with Tulla Resources Group Pty Ltd, under a statutory plan of arrangement approved by shareholders and the Yukon Supreme Court.
• Following completion of the arrangement, Tulla Resources Group Pty Ltd holds 100% of THEMAC’s common shares, and THEMAC has indicated that its shares are expected to be delisted from the TSX Venture Exchange and that it intends to cease to be a reporting issuer.
• THEMAC has reported on regulatory and technical aspects of the Copper Flat Project, including a decision by the New Mexico State Engineer regarding water rights and the company’s evaluation of dry stack tailings technology as a potential water and waste management approach.

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