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
Be-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 moreComtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn more