Strategic Resources has completed a reverse takeover of BlackRock Metals, acquiring all outstanding shares and establishing it as a wholly owned subsidiary, valued at an enterprise value of $102 million.
Information on the Target
BlackRock Metals is a mining company based in Montreal, Canada, specializing in the extraction of iron, titanium, vanadium, and other commodities across North America. Founded in 2008, the firm has established itself as a key player in the mining sector, demonstrating a commitment to efficient and sustainable resource extraction.
At the time of the acquisition, BlackRock Metals had an implied enterprise value of $102 million. Although the specific revenue figures were not disclosed, the company reported an EBITDA of $29 million, which indicates a strong operational performance and an enterprise value to EBITDA multiple of approximately 3.5x.
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Industry Overview in Canada
The mining industry in Canada is one of the largest globally, with the country being rich in a variety of natural resources. Canada is known for its abundant reserves of minerals and metals,
Similar Deals
Strategic Resources
invested in
BlackRock Metals
in 2023
in a Buyout deal
Disclosed details
EBITDA: $29M
Enterprise Value: $102M
Multiples
EV/EBITDA: 3.5x