BHP terminates agreement

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Hobbit

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BHP terminates agreement

posted on Dec 22, 2021 06:44PM

BHP is officially out.

https://www.bhp.com/news/media-centre/releases/2021/12/bhp-and-noront-terminate-support-agreement

Melbourne, Victoria – December 23, 2021 – BHP Lonsdale Investments Pty Ltd (BHP Lonsdale), a wholly owned subsidiary of BHP, announced today the termination of the support agreement between BHP Lonsdale, its subsidiary BHP Western Mining Resources International Pty Ltd (BHP WMR) and Noront Resources Ltd. (TSXV: NOT) (Noront) dated July 26, 2021, as amended (the “Support Agreement”) relating to Noront’s support of BHP Lonsdale’s C$0.75 per share offer to acquire Noront. In accordance with the terms of the Support Agreement, Noront has made a C$17.78 million termination payment to BHP WMR.