BHP in talks with Wyloo over Noront takeover, extends tender expiry
Wednesday, November 3, 2021 - 12:49:47
Mining.com
In October, BHP increased its all-cash offer for Noront to C$0.75 per share, surpassing Wyloo’s $0.70 proposal.

At stake in the scramble for Noront is the Eagle’s Nest nickel asset in Canada’s so-called Ring of Fire, a high-grade deposit of the electric-vehicle battery metal, as well as copper and palladium.

BHP also extended the tender expiry for its takeover from Nov. 9 to Nov. 16, the world’s biggest mining company said on Tuesday.

“BHP and Wyloo Metals have engaged in initial conversations and are considering a mutually beneficial arrangement regarding the acquisition of Noront by BHP,” the company said in a statement.

http://www.miningnewspro.com/en/News/616970/BHP in talks with Wyloo over Noront takeover, extends tender expiry
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