SAM Advance Minerals has acquired a 40% stake in MCRE Resources
September 2025 — SAM Advance Minerals Sdn. Bhd. has acquired a 40% stake in MCRE Resources Sdn. Bhd. The acquisition allows Southern Alliance Mining Ltd. to strategically enter the rare earth sector, as MCRE Resources is active in the exploration, mining and processing of ion adsorption clay rare earth elements in Malaysia.
SAM Advance Minerals is a wholly owned subsidiary of Southern Alliance Mining, a company listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The company is principally engaged in the exploration, mining, processing and sale of iron ore and gold.
MCRE Resources specializes in the exploration, mining, processing and sale of ion adsorption clay rare earth minerals in Malaysia. The company is the appointed mining or sub-mining operator and holds the relevant licenses for the mining and extraction of rare earth minerals at the Gerik Mine, located in Mukim Kenering, Hulu Perak, Malaysia, covering an area of approximately 2,161 hectares.
The sellers are individuals active in the Malaysian mining and minerals industry and existing shareholders of Southern Alliance Mining Ltd.
Our role in the transaction
Oaklins’ team in Singapore acted as the buy-side financial advisor in this transaction.
Talk to the deal team
Related deals
Valuation advisory has been provided to a co-investor in VDK
EMK Capital has transferred VDK Groep B.V. from EMK Capital Partners Fund I into the newly established US$1.4 billion single-asset continuation fund, the EMK VDK Partnership Fund, alongside a co-investment from EMK Capital Partners Fund III. The transaction, co-led by LGT Capital Partners and Coller EQT, provides existing investors with the opportunity to retain their exposure to VDK while securing additional capital to support the company’s continued growth and buy-and-build strategy.
Learn moreBe-Cloud has been acquired by PSG Equity
Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.
Learn moreMattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn more