Prime Mining Corp. (TSX:PRYM, OTCQX:PRMNF, Frankfurt:O4V3) has received shareholder approval for its proposed acquisition by Torex Gold Resources Inc., marking a key milestone in the companies’ strategic consolidation.
At a special meeting held on 29 September 2025, 99.991% of votes cast supported the plan of arrangement, which will see Torex acquire all outstanding Prime common shares. The vote also passed across all required classes, including shareholders, option holders, and other securityholders, with exclusions in line with minority protection regulations under Multilateral Instrument 61-101.
Torex shareholders are not required to vote on the transaction.
The deal is expected to close in Q4 2025, pending final court approval, regulatory clearances—including from the TSX and Mexican antitrust authorities—and other customary conditions.
Once completed, the transaction will combine Prime’s high-grade Los Reyes gold-silver project in Mexico with Torex’s operational expertise and regional footprint, potentially unlocking new synergies and accelerating development timelines.
Voting results and further documentation will be available on SEDAR+.
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