BE Resources terminates proposed merger with Bio Graphene Solutions

BE Resources, a company listed on the TSX Venture Exchange, has  terminated its merger plan with Canada-based Bio Graphene Solutions (BGS).

BE Resource's 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.