Business news

    Mincor Resources (ASX:MCR) acknowledges on-market takeover offer from Wyloo

    Article Image

    Mincor Resources (ASX:MCR) is advising its shareholders to take no action regarding an on-market takeover bid from investment firm Wyloo Investments at $1.40 per share.

    Wyloo Wyloo already has a 19.9% stake in Mincor, which owns a potential nickel project in the Kambalda district of Western Australia. 

    Mincor Resources is focusing on electric vehicles and industrial decarbonisation, which it expects will increase demand for high-grade nickel sulphides.

    Shares of Mincor Resources were up 41.06% at 1:32pm.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa