INTEGRAL TECHNOLOGIES INC
On November 10, 2026, Integral Technologies, Inc. (a Nevada shell company) completed a reverse merger by acquiring an 80% membership interest in Apex North LLC from Dragonstone Metals Ltd. and Nedeel LLC. Apex North owns 394 unpatented lode mining claims covering ~3,294 hectares (8,141 acres) in Washington County, Utah, targeting critical minerals including germanium, gallium, and copper. Consideration was 390,714 Series D Convertible Preferred shares with a $27,349,980 stated value, convertible at $0.07 into 390,714,000 common shares, representing ~85.91% of voting power and effecting a change in control. The company ceased to be a shell company as a result.
- Acquired 80% of Apex North LLC; sellers retain a combined 20% interest via Green Iguana and Kryptonite/NV Resources.
- Consideration: 390,714 Series D preferred shares, $27,349,980 stated value, convertible at $0.07 into 390,714,000 common shares.
- Closing shares represent ~85.91% of total voting power, effecting a change in control.
- Brett Mitchell, a DML director and major shareholder, was appointed CEO and director at closing.
- No fairness opinion or independent valuation was obtained for the acquisition.
Price data unavailable.
A shell company's reverse merger into a critical-minerals project creates a new public exploration vehicle with a related-party CEO and no proven reserves.
Reverse merger into a critical-minerals exploration vehicle mirrors a broader trend of shell companies acquiring early-stage mining claims, though the company has no proven or probable reserves.
Exploration-stage issuer with no known mineral resources or reserves; no assurance the Project contains SEC-compliant reserves or can be economically recovered. Related-party transaction with CEO Brett Mitchell sharing beneficial ownership of DML's shares.