Natural Resources

Integrated Rail and Resources Acquisition Corp (IRRX) announced that sponsor DHIP Natural Resources Investments will extend its business‑combination deadline from December 15, 2025 to January 15, 2026, adding a 31‑day window. The SPAC remains focused on natural resources, railroads, and railroad logistics, with any securities offerings complying with the Securities Act and Rule 135. The extension provides more time to secure a suitable target amid evolving logistics and energy markets, but also prolongs shareholder uncertainty and the risk of liquidation if a deal is not completed.

WhiteHawk Income Corporation’s tender offer for PHX Minerals Inc. has been largely accepted, with approximately 73.8% of PHX shares tendered. The acquisition is set to finalize on June 23, 2025. WhiteHawk, focused on acquiring mineral interests in key natural gas plays, will acquire PHX. The deal is subject to risk, including integration issues.