M&A

Cannon fires message to nickel neighbors BHP, IGO as it agrees PE takeover

CANNON Resources has recommended shareholders accept a A45c per share cash takeover offer from private equity firm Kinterra Battery Metals Mining Fund, with the deal potentially of interest to established nickel producers BHP and IGO.

Fisher East, WA

Fisher East, WA

BHP and IGO's nickel operations are about 200km by road from Cannon's Fisher East group of nickel deposits that on a combined basis total 7.5 million tonnes grading 1.8% nickel for 134,100t of nickel....

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