NBY Defines Rio TintoCan we trust what they say is going to elp them---------------Highlights
-- Reported on technical and joint venture meetings with Rio Tinto Exploration Canada Inc. ("Rio Tinto Canada") concerning the Fort a la Corne mineral properties and Rio Tinto Canada's advice that, subject to fulfilling its existing obligations, it does not intend to commit additional capital to the Fort a la Corne properties during 2022 beyond what is necessary for care and maintenance. In addition, Rio Tinto Canada also advised that it intends to conduct a near-term review of its alternatives regarding the Fort a la Corne properties, including its potential exit
-- Announced study results identifying the abundance of Type IIa diamonds in diamond parcels recovered from the Early Joli Fou ("EJF") Geological Units of the Star, Orion North and Taurus Kimberlites
-- Acquired an additional interest of approximately 17% in the Buffalo Hills joint venture project, increasing its interest in the project to 50%
-- Completed a $5.0 million non-brokered private placement of units
Overview