Abu Dhabi’s IRH to Acquire Majority Stake in Alphamin for Over C$500 Million
Tremont Master Holdings (TMH), the majority shareholder of U.S.-based Alphamin Resources Corp., has entered into a definitive agreement to sell 718,990,967 common shares—representing approximately 56% of Alphamin’s outstanding shares—to Abu Dhabi-based International Resource Holdings (IRH).
The transaction is valued at C$503.3 million (US$367 million), based on a price of C$0.70 per share, subject to certain closing adjustments.
Alphamin announced the agreement in a press release issued on Thursday, June 5, 2025. The full terms of the transaction were initially outlined in a joint press release by TMH and IRH dated June 3, 2025.
IRH is an international mining company headquartered in Abu Dhabi, with a strategic focus on securing and optimizing industrial metals supply chains.
The firm invests in high-quality upstream and downstream assets to enhance the stability and efficiency of global commodity markets.
The deal is still contingent upon several conditions, including regulatory approvals and other internal clearances.
Alphamin’s Board of Directors is currently evaluating the potential implications of the transaction on the company and its operations.
