Noront Resources Ltd. NOSOF

#RingOfFire (#RoF) News – August 5, 2018

[surveyor2582]

by ringoffirenews

·         First, a correction to a previous edition.  It seems the search engine pulled in a KWG take-over offer recently that was actually from 2010.  Many thanks to the keen-eyed reader for the head's up!
·         Latest on the Smelter Bid
·         "Competition stays hot for Ring of Fire processing plant"
·         "Sault claims political edge in Noront plant bid" - " 'Sault Ste. Marie is open for business,' Romano tells Noront execs" (MPP Ross Romano news release)
·         "... the next step is up to Noront and Algoma to reach a contractual agreement or memorandum of understanding detailing how the two companies would work together, politicians are offering their support to the parties. An agreement between the two companies will need to outline commercial terms and conditions as well as services the two companies could potentially share or participate in. Sault (Conservative) MPP Ross Romano said he met with Noront’s top executives (19 July) in an hour-long meeting offering his support and assistance as Noront continues with its due diligence process and works at brokering lease agreements with its shortlisted sites ..."
·         "Noront CEO Discusses Sault Ste. Marie"
·         "Timmins Mayor Steve Black said he is confident and optimistic that Timmins is still offering the best possible solution for Noront Resources Inc. in its bid to find a new ferrochrome processing facility ..."
·         "Timmins is prepared for the next step"
·         "Environmental group relieved Thunder Bay out of running for smelter"
·         Commentary:  "One of the criteria Noront Resources stated in their report was an assessment of community acceptance of hosting the facility. Even though the majority of Sudburians supported the smelter for the Coniston site, the do-gooder NIMBYS succeeded in their negativity and opposition to this major development for the Sudbury area ..."
·         In Other RoF News ... 
·         "Support is being sought from municipalities along the Huron Central Railway line from Sault Ste. Marie to Sudbury to help get provincial and federal dollars to maintain the rail corridor. Parent company Genesse and Wyoming warns operation of the line will end by Dec. 31 if there’s no funding support from the two levels of government ... Timmins and the Sault are being considered by Noront to host a ferrochrome production facility. If the Sault is selected, that’s expected to boost Huron Central traffic. “The fact that there is a Ring of Fire opportunity provides fodder for the argument that Huron Central needs to continue,” said (Former Sault chief administrative officer Joe) Fratesi. He’s “hopeful and optimistic” the government dollars will be committed ..."
·         Ooopsie ... "Noront Resources Ltd. announces (24 July) that, as a result of a review by staff of the Ontario Securities Commission ("OSC"), the Corporation is issuing the following news release to clarify certain disclosure made with respect to its chromite properties in the James Bay Lowlands of Ontario. Specifically, the Corporation wishes to clarify that in its Q1-2018 corporate presentation (the “Corporate Presentation”), made available on the Corporation’s website, certain disclosure was made with respect to the development of the nearby Blackbird Chromite deposit and to certain cost estimates and initial capital development amounts. The Corporate Presentation has been revised to amend certain of these references and delete other sections. The revised Corporate Presentation is now available on Noront’s website ..." (Noront news release)
·         "Is Noront Resources Ltd. (TSXV:NOT)’s Proft Growth of 0.19013 Enough For Investors?"
·         Commentary: "A sustainable plan for Ontario’s Ring of Fire -- The Ring of Fire mining development requires a clear road map focused on sustainability, not disjointed planning and side deals that divide communities ..." (Policy Options)
·         Not Strictly RoF, but Some Recent Consultation Litigation of Note to Share
·         "Ontario (Divisional) court quashes gold mining permit over lack of meaningful consultation with First Nation"
·         "Eabametoong First Nation Celebrates Court Overturning Landore Mining Exploration Permit" (First Nation news release)
·         Eabametoong First Nation v. Minister of Northern Development and Mines, 2018 ONSC 4316 (CanLII)