On June 13, 2025, Dundee Precious Metals Inc. (“DPM”) announced that it has agreed to acquire all of the issued, and to be issued, ordinary shares of Adriatic Metals plc for an implied equity value of approximately US$1.3 billion. The proposed transaction will be implemented by means of a court-sanctioned scheme of arrangement under Part 26 of the UK Companies Act 2006.
Upon completion of the proposed transaction, DPM will acquire 100% of the Vareš operation in Bosnia and Herzegovina, a producing silver-lead-zinc-gold underground mine.
Cassels is acting as Canadian legal counsel for DPM.