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Noront Resources Ltd. 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 Jonot21on Mar 18, 2022 7:22am
113 Views
Post# 34524454

Ontario’s Critical Minerals Strategy 2022–2027

Ontario’s Critical Minerals Strategy 2022–2027

Ontario’s Critical Minerals Strategy 2022–2027: Unlocking potential to drive economic recovery and prosperity

https://www.ontario.ca/page/ontarios-critical-minerals-strategy-2022-2027-unlocking-potential-drive-economic-recovery-prosperity

 

Ring of Fire

Ontario’s Ring of Fire is a transformative opportunity for unlocking multi-generational development of critical minerals. Located approximately 500 kilometres northeast of Thunder Bay, the area contains significant critical mineral deposits including nickel, copper, platinum and chromite.

Ontario continues to make progress on the “Corridor to Prosperity” leading to the Ring of Fire region by collaborating with First Nations partners on legacy infrastructure development in Northern Ontario. The government is supporting the priorities of individual First Nations, which see potential Ring of Fire developments as opportunities for prosperity. Together, this has led to significant progress.

Marten Falls First Nation and Webequie First Nation are each leading provincial/federal Environmental and Impact Assessments for their proposed Marten Falls Community Access Road and Webequie Supply Road projects. These projects will support community objectives and provide improved, all-season access to the region. Both projects received approval on their Provincial Environmental Assessment (EA) Terms of Reference in October 2021 and the First Nations are now preparing their EAs accordingly. In May 2021, Marten Falls First Nation and Webequie First Nation started working together as proponents and commenced work on the EA Terms of Reference for the proposed Northern Road Link. This project would connect to a portion of the Marten Falls Community Access Road and the mineral deposits in the Ring of Fire.

Ontario has also made significant investments in high-speed internet, road upgrades and community supports. Ontario has already committed close to $1 billion to support these legacy road infrastructure projects that will connect First Nation communities to the Ontario highway network for the first time on the basis that federal contributions will match our commitment. These community-led northern road projects will benefit the entire region by improving access to social, health and education services, providing safer travel options and reducing the price of food, fuel and supplies.

The Ring of Fire is a priority project for Ontario and will support further critical minerals development.

Location of the Ring of Fire area

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