Noront Resources Ltd. NOSOF

RE:RE:RE:RE:RE:RE:A question i have had for a while.

[HaulJockey]

It's just the beginning to a complicated process. Not to take away from any other issues that may be present here, one in particular stands out.

"..leaving intact the requirement for our consent to uses which could offend our rights under the Mining Act."

This is a broad statement. I'm not saying it isn't fair to want that but what exactly is on the table here? If someone is offended by the colour of a piece of equipment, is that subject to removal? I know, sounds ridiculous but these are the prerecquisits that need to be worked out. You can imagine the list going forward.

What about once a deal is reached and production goes forward? If something not worked out in the deal rears it's head, will that put a stop to production as well? Why even work out an agreement at all if at any time First Nations can shut it down regardless?

A deal or contract to proceed has to be a two way street, not where one side gets to dictate regardless of a contract. If that is your position going forward, could be why you've waited this long already.

Regardless, It's my hope that First Nations do prosper in the Ring of Fire for generations to come.

startenout wrote:

HaulJockey wrote:

greasemonkies wrote:

Noront has offered Indigenous communities - Jobs - 100's thousands of shares this isn't what Indigenous communities want this is a pittance as the wanted equal partnership and equal say in how the ROF is constructed. This is why I have been critical of Noront as they focused on KING OF THE RING instead of partnerships and it is showing in what their value is.
KWG/CCC has offered a 50/50 partnership on all aspects of the ROF, Indigenous people's have held out on this up to now expecting Noront to see the light and offer up the same deal, they didn't and FN realize it isn't coming and will in near future will sign partnership with KWG setting a precedent. FN will be on all infrastructure boards and be equal partners on all decisions and thus a control how infrastructure and mines are built and safety standards are carried out.
                                                                     

GLTA ROF GAMBLERS, GM 

I get what you're saying 100%. It still has to be worked out exactly what that would look like. If decisions made and insisted upon by First Nations make the process unviable, that's not good for anyone. Some prerecquisites need to be in place to ensure the company can compete and thrive in the global market.

to your point HaulJockey; this is the way  that very point (viability & cooperation) was worded in the MD&A

OUTLOOK

KWG was invited on August 9, 2019, by the Canadian Environmental Assessment Agency (the Agency) to comment on its acceptance of a Project Description for the Marten Falls Community Access Road Project (the Project) submitted by Marten Falls First Nation (the proponent), to which the Company made the following response:

To ensure the economic feasibility of our interests in the chromite discoveries in the Ring of Fire in northern Ontario (by enabling their access to markets), we staked contiguous claims from locations near Nakina, Ontario, to the Ring of Fire, which was completed prior to the Far North Act’s promulgation. Our consent to the use of those claims will be forthcoming to any application that enhances and does not frustrate that purpose. The Supreme Court of Canada declined to interfere with the Ontario Court of Appeal’s finding that we may not withhold consent to uses not offending our rights under the Mining Act, leaving intact the requirement for our consent to uses which could offend our rights under the Mining Act.

To properly assess that purpose it is imperative for you to fully understand the results of the research undertaken by CanmetMINING and a study completed for us by China Railway First Survey & Design Institute Group (FSDI) relating to the economics of constructing and operating a railroad line on our claims from Nakina to the Ring of Fire in connection with development of chromite mines in the Ring of Fire.