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BHP extends Noront offer expiry by another month

3rd December 2021

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

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Diversified miner BHP has extended the expiry of its offer for Canadian nickel and copper developer Noront Resources by a month to January 14.

This is to allow for more time to progress discussions with Australian billionaire Andrew Forrest’s Wyloo Metals regarding its support for BHP’s C$0.75 a share offer to acquire Noront.

Wyloo, a shareholder of Noront, also had its eye on the developer and previously offered to buy the company for C$0.70 a share.

Noront is developing an untapped region in northern Ontario, dubbed the Ring of Fire, which holds nickel, copper, chrome and platinum.

Edited by Creamer Media Reporter

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