Vault Minerals to Terminate Regis SID and Accept Genesis Proposal
Key points
- Vault Minerals intends to terminate the Regis SID
- Acceptance of Genesis Minerals' superior proposal
- Termination of Regis SID by 7.00am AWST on 14 July 2026
Full summary
Vault Minerals Limited (ASX: VAU) has announced its intention to terminate the Scheme Implementation Deed (SID) with Regis Resources Limited and proceed with the superior proposal from Genesis Minerals Limited. The decision follows Regis Resources' announcement that it will not submit a counterproposal. Vault has until 7:00 am AWST on 14 July 2026 to terminate the Regis SID and finalize the agreement with Genesis Minerals, which includes a break fee of approximately $50.7 million payable to Regis.
Guidance
Break fee of approximately $50.7 million payable upon termination of Regis SID
Outlook
Vault Minerals expects to finalize the agreement with Genesis Minerals by 7:00 am AWST on 14 July 2026.
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