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Noront Resources Ltd. V.NOT


Primary Symbol: NOSOF

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.


OTCPK:NOSOF - Post by User

Post by surveyor2582on Oct 28, 2021 6:44pm
180 Views
Post# 34061115

Today

Today

First Nation calls on auditor general to investigate Ontario’s spending on Ring of Fire mineral development – by Logan Turner (CBC News – October 28, 2021)

https://www.cbc.ca/news/canada/thunder-bay/

14 years after Ring of Fire was discovered, key questions unanswered on proposed access roads

A Treaty 9 First Nation is calling on the province’s auditor general to investigate government spending on the development of a large mineral deposit in northern Ontario.

Neskantaga and a legal clinic with York University’s Osgoode Hall have requested a “value-for-money audit” into government spending on roads and development projects in the Ring of Fire area, located about 540 kilometres northeast of Thunder Bay.

The province considers the area “one of the most promising mineral development opportunities in Ontario in over a century,” yet key questions remain about the roads that must be built through the lands and water systems of several remote, fly-in First Nations.

The Ring of Fire area is roughly 100 kilometres in diameter, and 85 per cent of the mineral claims staked on the Crown land are held by Noront Resources, according to a brief on their website.

For the rest of this article: https://www.cbc.ca/news/canada/thunder-bay/auditor-general-ring-of-fire-1.6226094


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