Noront Resources Ltd. NOSOF

Quick facts

[fairchild]

Quick Facts •The Ring of Fire, located 540 kilometres northeast of Thunder Bay, is one of the most significant mineral regions in the province. •The Ring of Fire has mineral potential known to be worth $60 billion and includes the largest deposit of chromite ever discovered in North America. Chromite is a key ingredient of stainless steel. •The Ring of Fire also holds the potential for significant production of nickel, copper and platinum. •In July 2013, Ontario appointed the Honourable Frank Iacobucci as the lead negotiator for Ontario to participate in discussions with the Matawa-member First Nations on proposed resource development in the Ring of Fire. •In November 2013, Ontario announced that it would lead the creation of a development corporation to bring together private and public partners, including key mining companies, First Nations, and the provincial and federal governments, to lead strategic infrastructure development for the Ring of Fire region. •Development in the Ring of Fire is subject to all necessary environmental assessment and regulatory processes, and fulfillment of the Crown’s duty to consult.