Acquiring Company
Genesis Minerals
Acquired Company
Magnetic Resources
PerthAustraliaMiningPrecious MetalsMineralMining TechnologyMiningPrecious MetalsMineralDescription
Genesis Minerals Ltd is set to acquire Magnetic Resources NL following the clearance of a scheme of arrangement by the Supreme Court of Western Australia. The deal involves a combination of cash and shares for Magnetic shareholders. Genesis plans to issue new shares as part of the buyout, valued at approximately A$192.5 million. The acquisition is expected to provide substantial value for both companies' shareholders.
Quick answer
Genesis Minerals is acquiring Magnetic Resources, announced June 9, 2026. Genesis Minerals is based in Perth, Western Australia, Australia.
- How much did Genesis Minerals pay for Magnetic Resources?
- The deal value was not disclosed.
- What does Genesis Minerals do?
- Genesis Minerals is a mining company focused on gold exploration and production.
- Where are Genesis Minerals and Magnetic Resources based?
- Genesis Minerals is based in Perth, Western Australia, Australia. Magnetic Resources is based in Australia.
- Who are the decision-makers at Genesis Minerals?
- Fundz holds 2 contacts at Genesis Minerals. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Genesis Minerals, and when
When Genesis Minerals changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Genesis Minerals raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Genesis Minerals, from your own LinkedIn network
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Frequently asked
Who acquired Magnetic Resources?
Magnetic Resources was acquired by Genesis Minerals, based in Perth. The deal was reported on June 9, 2026. Genesis Minerals is a mining company focused on gold exploration and production. The company is actively involved in developing its assets in Western Australia. Genesis Minerals is privately held and operates in Mining.
When did Genesis Minerals acquire Magnetic Resources?
Genesis Minerals's acquisition of Magnetic Resources was reported on June 9, 2026. Genesis Minerals Ltd is set to acquire Magnetic Resources NL following the clearance of a scheme of arrangement by the Supreme Court of Western Australia. The deal involves a combination of cash and shares for Magnetic shareholders. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Magnetic Resources do?
Magnetic Resources is a mining company engaged in gold exploration and production. The company is known for its Lady Julie project, which contains significant mineral resources. It is privately held, operating in Mining, and is based in Australia.
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