More on the BHP vs Wyloo nickel tussle:
“BHP has responded by highlighting to Noront shareholders the “uncertain and conditional” nature of Wyloo’s proposal, which was non-binding and may not result in a buyout offer being made. “Despite their latest press release, Wyloo has not made a formal offer,” BHP chief development officer Johan van Jaarsveld said. “The BHP offer is the only transaction currently available to Noront shareholders.”
The tussle for Noront is the latest sign of mining heavyweights’ accelerating efforts to secure supplies of electric battery raw materials including nickel ahead of an expected surge in demand from the electric vehicle revolution.”
From: https://amp.smh.com.au/business/companies/bhp-holds-its-ground-as-andrew-forrest-fights-for-canadian-nickel-miner-20210901-p58nrh.html
JRV Nickel, page-35
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