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The latest announcement is out from BE Resources ( ($TSE:BER.H) ).
BE Resources Inc., a company listed on the TSX Venture Exchange, has announced the termination of its proposed business combination with Bio Graphene Solutions Inc. The letter of intent for this transaction, first announced in August 2020, had been extended several times but was not renewed past December 31, 2024. Despite this termination, BE Resources plans to continue exploring ways to reposition its business, potentially re-engaging with Bio Graphene or seeking other transactions to enhance shareholder value. Trading of BE Resources’ common shares, which was halted in August 2020 due to the LOI execution, is expected to resume shortly.
More about BE Resources
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.67M
See more insights into BER.H stock on TipRanks’ Stock Analysis page.