# NextOre merges with MRead

NextOre Ltd and MRead Ltd have completed a merger and an A$11 million investment.

- Type: Acquisition
- Announced: 2025-07-10
- Where: Australia
- Value: $7.00M (11.0M AUD)
- Status: completed
- Products: magnetic resonance sensing
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [NextOre](https://endata.com/companies/86459.md)
- [MRead](https://endata.com/companies/86460.md) (partner)

## Sources

- [im-mining.com](https://im-mining.com/category/mining-mergers-and-acquisitions/page/5/), 2025-08-06: "NextOre Ltd and MRead Ltd have completed a merger and an A$11 million ($7 million)..."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.