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Kenmare Resources confirmed it has received a takeover proposal from IRH, leading to a surge in its shares. Discussions are ongoing, and there is no certainty a firm offer will be made or its terms.
Kenmare Resources Plc confirmed it has received a non-binding proposal from International Resources Holdings Rsc Ltd. Discussions are ongoing, and there is no certainty a firm offer will be made. IRH must announce its firm offer intentions or walk away by Nov. 17, 2026.
Kenmare Resources stated there is no certainty that a firm offer will be made regarding the company.
International Resources Holdings has submitted a non-binding proposal for a possible cash offer for all shares in Kenmare Resources, and talks are ongoing.