US energy minerals and royalties company Whitehawk Energy LLC disclosed it has approached PHX Minerals Inc. (NYSE:PHX) with a merger offer and also slammed the local natural gas and oil-focused mineral company for the unsuccessful attempts to engage on a deal. The non-binding offer, which was reiterated in a letter sent on August 9, 2023, envisages for PHX shareholders to own about 61% of the pro forma equity of Whitehawk Minerals Corporation and receive a one-time dividend of USD 0.20 per share in cash. ?While we have been disappointed with the engagement to date, we believe today marks a new beginning of the discussions between Whitehawk and PHX Minerals,?

Whitehawk?s CEO Daniel Herz said.