On March 26, 2025, Mako Mining Corp., through its US subsidiary Mako US Corp., acquired 100% of the ownership interests in EG Acquisition LLC from Wexford EG Acquisition LLC. EG Acquisition LLC, a recently created private company controlled by Mako’s controlling shareholder, Wexford Capital LP, acquired 100% of the shares of Golden Vertex Corp., the operating subsidiary of the Moss mine, under a CCAA proceeding and related Chapter 15 proceeding in the United States on December 31st, 2024. The aggregate purchase price for the acquisition was US$6.49 million.
Cassels acted for Mako.