Aston Minerals Limited and Torque Metals Limited have secured a significant milestone in their merger process with the Supreme Court of Western Australia granting approval for the proposed schemes of arrangement under the Corporations Act 2001. Under these schemes, Torque Metals Limited will acquire all of the fully paid ordinary shares of Aston Minerals Limited, as well as its unlisted options in the class labeled “ASOAH.” This decision comes after the initial announcement on 28 January 2025 and marks the formal progress of the merger. The court approval means that the schemes will become legally effective once the approved orders are lodged with the Australian Securities and Investments Commission, an act expected to be completed by 29 May 2025. Following this lodgement, trading in Aston Minerals Limited’s securities will be suspended at the close of trading on that day. The timeline includes several key dates: the effective date when the schemes come into force is 29 May 2025, the record date for determining entitlements is set for 2 June 2025, and the scheme consideration will be issued to participants on 10 June 2025, which is also when the official quotation of Aston Minerals Limited’s shares will be terminated. The approval of the merger by the court may be seen as a bullish signal for the companies involved, offering potential long-term synergies and consolidation benefits as Torque Metals Limited moves to enhance its portfolio through the acquisition. For investors, the orderly progression of the scheme, along with the clear timeline and regulatory oversight, provides an element of stability and confidence in the execution of the transaction. On the other hand, the suspension of trading in Aston Minerals Limited’s securities introduces a period of short-term uncertainty, and the impending cessation of official quotations may lead to temporary market volatility for investors who are managing their positions during this transition. The detailed schedule of events reinforces the commitment of both companies to transparency and regulatory compliance as they navigate the merger process. For beginner traders, understanding these technical aspects—particularly the effective date, record date, and suspension of trading—can provide valuable insight into the mechanics of merger-related corporate actions and their implications for investment strategy.