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News

It’s Hotting up in Nickel

Posted on - 09 Sep 2021

Category - Finance/M&A

It was all “go” in nickel in August as Andrew Forrest-vehicle Wyloo Metals desperately tried to hold onto Noront Resources (TSXV:NOT). Readers will remember that BHP (ASX:BHP) trumped Wyloo’s original offer with a C$0.55/sh (C$325m) offer in July. After throwing its weight around for much of the month, Wyloo, which is a 37.5% holder in Noront, proposed that Noront shareholders either hold onto their stock and participate in the future that it “would create” or opt for a proposed C$0.70 cash offer had not officially materialised at time of writing (3 September). The delay may be down to the emergence...

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Topics

BHP IGO M&A Nickel Noront Western Areas Wyloo