Summit Minerals (ASX:SUM) announced plans to seek shareholder approval at its upcoming general meeting to change its name to Western Ridge Resources.
If approved, the company will trade on the Australian Securities Exchange under the new ticker WRX.
The proposed rebranding coincides with Summit’s recent acquisition of the polymetallic Keystone Project in Nevada, which hosts high-grade silver, gold, and tungsten mineralisation.
The combination of the name change and Keystone acquisition reflects the company's strategic shift toward high-demand metals in mining-friendly jurisdictions.
The general meeting to approve both the name change and the Keystone acquisition is scheduled for Feb. 5.
Summit's Managing Director, Dr. Matthew Cobb, said the changes mark a "defining new chapter" for the company and its shareholders.