VAU.ASX: Receipt of Superior Proposal from Genesis Minerals

Receipt of Superior Proposal from Genesis Minerals

Stock	VAU.ASX (VAU.ASX)
Release Time	6 Jul 2026, 8:22 a.m.
Price Sensitive	Yes

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Vault Minerals Receives Superior Proposal from Genesis Minerals

Key Points

Vault Minerals has received an unsolicited binding proposal from Genesis Minerals.
Proposal values Vault at $5.6 billion or $5.2743 per share.
Proposal offers 0.7629 new Genesis shares and $0.475 cash per Vault share.

Full Summary

Vault Minerals Limited (ASX: VAU) has received an unsolicited binding proposal from Genesis Minerals Limited to merge via a scheme of arrangement. The proposal offers 0.7629 new ordinary shares in Genesis plus $0.475 in cash for every Vault share held, valuing Vault at $5.6 billion or $5.2743 per share. This proposal represents a premium over the previous proposal from Regis Resources Limited. The Genesis Proposal is not subject to any financing or due diligence conditions and is otherwise on substantially similar terms to the proposed transaction with Regis. The Vault board of directors has determined that the Genesis Proposal constitutes a 'Vault Superior Proposal' and has notified Regis accordingly. Regis has the right to match or exceed the Genesis Proposal during a five-business-day matching right period.

Guidance

Vault Minerals valued at $5.6 billion based on Genesis Proposal.

Outlook

Vault Minerals awaits potential superior proposal from Regis during the matching right period.