Aston Minerals Limited and Torque Metals Limited have confirmed major shareholder approvals for their proposed schemes of arrangement aimed at merging the two companies. In meetings held on 22 May 2025, Aston Minerals Limited’s shareholders overwhelmingly backed the Share Scheme, with 91.21% of those present voting in favour and 99.60% of the total votes supporting the resolution. Likewise, optionholders ratified the Option Scheme entirely, recording 100% approval of those present and of the total votes. These dual resolutions clear a significant hurdle in the planned merger process. The arrangement, which involves Torque Metals Limited acquiring all fully paid ordinary shares in Aston Minerals Limited along with its unlisted options, remains subject to several customary conditions. Key among these are the upcoming Second Court Hearing by the Supreme Court of Western Australia, where the schemes are expected to receive final judicial approval. The implementation timetable outlines that the effective date for the schemes is scheduled for 28 May 2025, with trading in Aston Minerals Limited’s shares ceasing on 29 May, and full implementation anticipated on or about 10 June 2025, contingent on the fulfillment or waiver of remaining conditions. Bullish sentiment is bolstered by the near-unanimous shareholder and optionholder support, indicating strong confidence in the merger’s prospects and its potential to generate operational synergies and enhance shareholder value. The clear approval from both voting groups suggests that market participants view the merger as strategically beneficial. However, bearish considerations center on the dependency on judicial confirmation and the need for all ancillary conditions to be met without unforeseen delays. Investors should remain cautious, as any deviation in the court’s decision or setbacks in satisfying the conditions could negatively impact the anticipated benefits of the merger. Overall, the approval of both the Share Scheme and Option Scheme represents a critical milestone for Aston Minerals Limited and Torque Metals Limited, setting the stage for the next phase of integration and underscoring the importance of subsequent regulatory and procedural confirmations in the process.