Ovoca Bio to Transition into Mineral Exploration with Acquisition of Tadeen International

 

Ovoca Bio PLC (LSE:OVB) has announced a major strategic pivot through a proposed acquisition of Tadeen International Limited, a company that holds mineral exploration licenses in Morocco. The move signals Ovoca’s departure from its biopharmaceutical roots as it shifts focus toward the resource sector. This transformation will be executed via a reverse takeover, which is subject to shareholder approval and a re-admission process to AIM.

As part of the restructuring, Ovoca plans to rebrand with a new name that better reflects its mineral exploration ambitions. The company also intends to delist from Euronext Growth, opting to concentrate its trading activity exclusively on AIM. This consolidation is expected to streamline operations and cut administrative expenses.

About the Company (Soon to be Renamed Ovoca Gold)

Ovoca Bio, historically centered on developing treatments in the biopharma space, is now reorienting its business model toward the natural resources sector. Through the acquisition of Tadeen International, it gains access to promising mineral assets in Morocco—marking a bold redefinition of its corporate identity and growth strategy.

• Average Daily Trading Volume: 83,535

• Technical Sentiment Signal: Sell

• Current Market Capitalization: £1.04 million

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