BHP still in talks with Wyloo

25th November 2021 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH ( – Diversified miner BHP has again extended the expiry of its offer for TSX-V listed Noront Resources, as it continues to progress negotiations with shareholder Wyloo Metals.

BHP in October trumped Wyloo’s C$0.70-a-share cash offer for Noront, by offering C$0.75 a share for the Canadian nickel developer. Wyloo, which holds a 37.2% interest in Noront, is now considering accepting BHP’s offer.

“BHP and Wyloo Metals have continued their conversations and are considering a mutually beneficial arrangement regarding the acquisition of Noront by BHP. There is no assurance that any agreement will be reached between BHP and Wyloo Metals,” BHP said in a statement on Thursday.

The major’s offer for Noront has been extended from November 30 until December 14.