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QNB Metals ( ($TSE:TIM.X) ) has issued an update.
QNB Metals Inc. has received conditional approval from the Canadian Securities Exchange for its Form 2A Listing Statement, marking a significant step towards a reverse takeover by ReSolve Energy Inc. The completion of a $2.5 million equity financing is crucial for the transaction, which will result in a name change to ReSolve Energy Inc. and the resumption of trading. ReSolve Energy focuses on renewable energy technologies and hydrogen resource exploration, with proprietary platforms for biomass conversion and hydrogen detection.
More about QNB Metals
QNB Metals is involved in the exploration of natural or white hydrogen in Ontario and Quebec, utilizing advanced detection technology. The company also manages the Kingsville Salt Reservoir Project in Nova Scotia.
Average Trading Volume: 135,186
Technical Sentiment Signal: Sell
Current Market Cap: C$1.64M
Find detailed analytics on TIM.X stock on TipRanks’ Stock Analysis page.