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BHP to buy Noront in C$325M deal

BHP is to offer a 69% premium to buy Noront Resources in an all-cash deal valued at C$325 million to obtain a nickel exploration project in the Ring of Fire in Ontario, Canada.

BHP to buy Noront in C$325M deal BHP to buy Noront in C$325M deal BHP to buy Noront in C$325M deal BHP to buy Noront in C$325M deal BHP to buy Noront in C$325M deal

Noront Resources' Eagle's Nest project in Ontario, Canada

Noront directors, senior management and a major shareholder holding an aggregate of 9.9% of Noront agreed to tender their shares to the 55c per share offer. BHP already owns 3.7% of Noront.