Edison Releases Report on Baker Steel Resources Trust

On May 9, 2025, Edison Investment Research Limited published a report on Baker Steel Resources Trust (BSRT), listed on the London Stock Exchange. A notable development highlighted in the report is BSRT's investment in Futura Resources. Futura, a significant component of BSRT's portfolio, secured a US$15 million loan from International Resources Holdings (IRH) to enhance production at its Fairhill coking coal mine in Australia.

Additionally, BSRT, alongside other Futura investors, agreed to give IRH an option to purchase their Futura shares at A$3.15 each within nine months. This potential acquisition values Futura at approximately A$250 million, marking a 43% premium over the current carrying value. If IRH proceeds, BSRT's net asset value could see a significant uplift of 5.3%.