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Reach Resources Limited (ASX:RR1)

ALERT: Price-sensitive ASX Announcement for RR1
Current share price for RR1 : $0.009 -0.005 (-35.71%)+
Announcement
Release
2 Jun 2026 11:52AM
Price at Release
$0.014
Full Release
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Summary
Reach Resources Limited announced that REEcycle Holdings Inc, in which Reach holds a 4.9% stake, has entered into a definitive business combination agreement with Hall Chadwick Acquisition Corp to list on the Nasdaq. The transaction values REEcycle at a total equity value of US$400 million, contingent upon achieving certain operational metrics. The listing is expected to boost REEcycle’s access to U.S. capital markets and enhance its profile among investors. Reach was not involved in the negotiation of this agreement and has limited information on the transaction.
Key Points
  • REEcycle to list on Nasdaq through a business combination with Hall Chadwick Acquisition Corp.
  • Reach holds a 4.9% stake in REEcycle.
  • Transaction values REEcycle at US$400 million, with US$50 million contingent on operational targets.
  • Reach was not involved in the business combination agreement negotiation.
  • REEcycle's listing is expected to enhance access to U.S. capital markets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.