Macquarie Metals Ltd. entered into a definitive letter of intent to acquire Brookmount Explorations Inc. (OTCPK:BMXI) in a reverse merger transaction on March 31, 2021. Brookmount will raise a total of $10 million through a share placement to provide funding to complete the rescue restructuring and operational relaunch. The owners of Macquarie Metals, at completion, will own 75% of the issued capital of Brookmount with the existing Brookmount shareholders retaining 25%, on a fully diluted basis. Two directors from Macquarie Metals will be appointed to the Brookmount Board on close of the transaction.