Robex Shareholders Approve Merger With Predictive Discovery

Source: Kapitales Research

Highlights:

• Robex shareholders have overwhelmingly approved the proposed merger with Predictive Discovery.
• The merger proposal was approved by 94.54 per cent of votes cast at a specially convened shareholder meeting.
• The companies are aiming to complete the merger in the first quarter of 2026, pending the fulfilment of outstanding regulatory and court requirements.

Shareholder Vote Clears Major Condition

Predictive Discovery Limited (ASX: PDI) confirmed that shareholders of Robex Resources Inc. have voted in favour of the proposed merger between the two companies. The transaction, which will be implemented via a statutory plan of arrangement under Québec law, was approved at a special meeting of Robex shareholders held on 30 December 2025.

The vote saw 94.54 per cent of ballots cast in support of the merger, comfortably exceeding the minimum two-thirds approval threshold required under the arrangement agreement. This outcome satisfies a key outstanding condition to closing and represents a significant step toward completion of the transaction.

Outstanding Conditions and Timing

Although shareholder approval has been obtained, the merger can only be completed once a number of remaining conditions have been satisfied. These include approval from the Superior Court of Québec, as well as the receipt of key regulatory consents, including approvals from the governments of Guinea and Mali. Subject to these conditions being met, completion of the transaction is currently expected to occur in the first quarter of 2026.

Under the revised arrangement terms, Robex shareholders are set to receive 7.862 fully paid ordinary shares in Predictive Discovery for every Robex share they hold. Following completion, Robex shareholders are expected to hold approximately 46.5 per cent of the combined entity on a fully diluted in-the-money basis.

Strategic Rationale for the Merger

The merger brings together two advanced gold projects in West Africa, combining Predictive Discovery’s Bankan Project in Guinea with Robex’s Kiniero Project. Management views the transaction as creating a larger, more diversified gold developer with enhanced scale, funding capacity, and operational flexibility.

The combined group is targeting production of more than 400,000 ounces of gold per annum by 2029, supported by near-term cash flow from Kiniero and longer-term development of the Bankan Project. The proximity of the two projects is also expected to deliver operational synergies, supporting the development of a tier-one gold mining hub in Guinea.

Outlook

With Robex shareholder approval now secured, attention turns to the remaining regulatory and court processes required to finalise the transaction. Investor focus is likely to centre on completion timing, integration planning, and progress toward advancing the Bankan Project following merger close. If completed as planned, the transaction positions the combined company as an emerging large-scale gold producer in West Africa.

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