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acquisitionAnnounced · Feb 18, 2026MiningSource · CredibleArticle · Factual
Genesis Minerals acquires Magnetic Resources
David Najork · Founding Software Engineer
Published · Updated · 1 min read
Deal value
$450M
Target
Magnetic Resources
ASX: MAU · Perth, Western Australia
Acquirer
Genesis Minerals
Full Acquisition
Status
Announced
Genesis Minerals agreed to acquire Magnetic Resources. Reported deal value: $450M. Status: Announced. Sector: Mining. Target headquarters context: Perth, Western Australia, Australia.
This page summarizes publicly available information about the transaction as of 2026-02-18. Figures and status may change as filings and press coverage update.
Genesis Minerals has struck a recommended deal to acquire Magnetic Resources in a transaction that would add more than 2 million ounces of high-grade gold to its Laverton inventory and reshape its production growth outlook in Western Australia
Deal timeline
Announced
Feb 18, 2026 · investingnews.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Mining with a reported deal value of $450M. Figures and status may change as sources update.
Sources: investingnews.com · Primary article · FireStrike proprietary index