Robex Obtains Final Court Approval for Plan of Arrangement
Robex Secures Final Court Approval for Predictive Merger as Kiniero Transitions to Producer Status
The most recent news (January 13, 2026) confirms that Robex Resources has obtained the final court order from the Québec Superior Court for its plan of arrangement with Predictive Discovery Limited (PDI). This follows an overwhelming shareholder vote on December 30, 2025, where 94.54% of votes were cast in favor of the merger. Under the amended terms, Robex shareholders will receive 7.862 PDI shares for each Robex share, resulting in Robex shareholders owning approximately 46.5% of the combined entity. The transaction is expected to close in Q1 2026, pending final consents from the governments of Guinea and Mali.
The impact is Material - Positive as it represents the penultimate step in a transformative corporate evolution. - Successful Execution: Robex has met its critical "First Gold" milestone at the Kiniero Project (December 21, 2025) on schedule and within budget. This de-risks the merger for the acquirer and confirms Robex's capability to build in West Africa. - Scale and Synergies: The merger combines Kiniero (Production) with PDI’s Bankan (Feasibility), creating a "Tier-1 gold mining hub" in Guinea with a production target of over 400,000 ounces per year by 2029 and a combined resource base of 9.5 million ounces. - Financial Strengthening: A massive warrant acceleration in October 2025 raised $148.2 million CAD, significantly improving the balance sheet prior to the merger. - Valuation Adjustment: Note that the exchange ratio was reduced from 8.667 to 7.862 following a "Superior Proposal" notice from Perseus Mining earlier in December 2025, suggesting a competitive environment for these assets but a slightly lower relative payout for Robex holders than initially announced in October.
Robex Resources is a West African gold producer and developer. - Flagship Project: Kiniero Gold Project (Guinea). A 5Mtpa project that achieved first gold in December 2025. Estimated production of 139,000oz/year over a 9-year life. - Producing Asset: Nampala Gold Mine (Mali). A steady but maturing asset producing ~47,000oz/year. It recently saw its life extended to December 2026, though it faces higher royalties under new Malian laws.