Alkane shares begin trading on TSX

Executive Summary

• Alkane Resources Ltd.’s ordinary shares began trading on the Toronto Stock Exchange (TSX) under ticker “ALK” at 9:30 a.m. EDT on August 7, 2025.
• The TSX listing follows the closing of Alkane’s statutory plan‑of‑arrangement merger with Mandalay Resources Corp., completed on August 5, 2025, whereby Alkale acquired all issued and outstanding Mandalay shares.
• Mandalay’s TSX securities were delisted on August 6, 2025, and Alkane has applied for Mandalay to cease reporting under Canadian securities laws.

Key Details

• Trading launch: TSX ticker “ALK”; primary listing retained on the Australian Securities Exchange (ASX) also as “ALK”.
• Merger mechanics: Completion of a statutory plan of arrangement under the British Columbia Business Corporations Act; Alkane acquired 100 % of Mandalay’s common shares.
• Delisting of Mandalay: Mandalay’s TSX securities were removed from trading at market close on August 6, 2025.
• Regulatory step: Alkane has filed an application for Mandalay to cease being a reporting issuer under applicable Canadian securities legislation.
• Reference material: Mandalay’s management information circular dated June 24, 2025 is available on SEDAR+ and the ASX website for further details of the arrangement.

Notable Quotes

(No direct quotes were provided in the release.)