Noront Resources Ltd. NOSOF

Metals & Mining Industrial Metals & Minerals

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.

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Noront Resources Ltd. > Wyloo submits conversion loan

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Comment by HaulJockeyon Sep 22, 2021 12:07pm

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Post# 33898550

RE:Wyloo submits conversion loan

You know the golden rule, he who has the gold makes the rules. This is a HUGE investment into the future of the region and global supply.
If it were my investment I would certainly want to make sure I had a good handle on it. It's not like they haven't done anything like this before, they have the experience and the cash to get it done.
I think their biggest hurdle is formalizing a fair deal with First Nations. With the offer to join Wyloo as stockholders, going forward looks like a win win.

greasemonkies wrote:
Looks like a done deal, but Wyloo will own more shares of New Noront company, I personally don't like this deal, as Wyloo will dictate everything in Noront going forward?
Opinions!!!!

https://www.stockwatch.com/News/Item/Z-C!NOT-3142950/C/NOT

ORIGINAL: Wyloo Metals Submits Conversion Notice for US$15 Million Convertible Loan

2021-09-22 11:31 ET - News Release

PERTH, Australia, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Wyloo Metals Pty Ltd ("Wyloo Metals") has today submitted a conversion notice to Noront Resources Ltd (TSXV:NOT) ("Noront"), notifying Noront to convert its US$15m convertible loan ("Convertible Loan") into common shares of Noront. Conversion of the loan will increase Wyloo Metals' ownership from 24.2% to approximately 37.3% of the outstanding common shares of Noront.