Hammer Metals (ASX:HMX) eyes merger with Carnaby Resources

Hammer Metals confirmed it initiated confidential merger discussions with Carnaby Resources (ASX:CNB).

The talks are in the early stages, and no assurance exists regarding a merger.

Hammer Metals focuses on discovering significant copper-gold deposits in the Mount Isa mining district.

The company holds a diverse portfolio, including 100% interest in high-potential deposits and a majority stake in the Jubilee Cu-Au deposit.