British mining firm reverses onto stock market via Ormonde stake

Ormonde Mining, the publicly listed company which is quarter-owned by veteran investor Tom Anderson, has announced that it is buying a 20 per cent stake in a British battery metal mining business called Peak Nickel.

The deal is effectively a reverse takeover of Ormonde Mining by Peak Nickel, in order for the latter to acquire Ormonde’s stock market listing.

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