Noront Resources Ltd. announces the issuance of 300,000 shares to Marten Falls First Nation and 150,000 shares to Aroland First Nation. The share issuance was under the terms of a Project Advancement Agreement with Marten Falls First Nation originally entered into by the Company on April 12th, 2017 and as amended on July 9th, 2019 and under the [...]
Noront Resources and Marten Falls First Nation are pleased to jointly support today’s announcement regarding development in the Ring of Fire, made by Minister of Energy, Northern Development and Mines, and Minister of Indigenous Affairs, Greg Rickford. Since the discovery of the Ring of Fire, we have worked collaboratively toward development [...]
Noront Resources Ltd. and Aroland First Nation are pleased to announce the signing of a Memorandum of Understanding between the two parties to advance the planning process for the development of the Eagle’s Nest nickel-copper-platinum-palladium deposit in the Ring of Fire. The signing of the MOU will formalize the relationship between the [...]
Noront Resources Ltd. has selected the Algoma Steel Inc. site in Sault Ste. Marie for its Ferrochrome Production Facility . The Timmins Kidd Metsite is no longer being considered. Preliminary Activity Schedule Four communities participated in the initial bidding process which began in February 2018. All submissions were evaluated based on a [...]
Noront Resources Ltd. is pleased to provide an update on the 2019 Phase-1 exploration program at the company’s 85% owned McFaulds volcanogenic massive sulphide property in the Ring of Fire. Figure 1: Long-section of McFaulds No.8 & No.10 VMS discoveries The 2,059-metre copper-zinc focused program was completed in March. It was designed to [...]
Noront Resources Ltd. is pleased to announce the closing of a private placement of 11,130,807 Flow-Through Units at a price of $0.31 per Flow-Through Unit for gross proceeds of $3,450,550 . The proceeds from the Flow-Through Unit Offering will be used to advance the Company’s exploration program in the Ring of Fire. The immediate priority is [...]
Noront Resources Ltd. announces that the Company’s Board of Directors has granted the option to acquire an aggregate of 5,277,520 common shares to officers and management, with an exercise price of $0.30 per Common Share, the closing market price on the date of grant, exercisable for a period of five years. The options were granted pursuant [...]
Noront Resources Ltd. has entered into a fifth amending agreement dated January 31, 2019 with its largest shareholder, Resource Capital Fund V L.P. , to extend the term of its existing US$15 million convertible debenture . Subject to TSX Venture Exchange approval, the maturity date of the Convertible Debenture has been extended until September 30 [...]
Noront Resources Ltd. announces that as part of its US$15 million convertible debt facility with Resource Capital Fund V, it issued 1,250,775 common shares in settlement of $387,240 in interest for the third quarter ended September 30, 2018. The shares were issued at a price of $0.3096 per share which represents the twenty-day volume weighted [...]
Noront Resources Ltd. is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement of units and flow-through common shares . The Company was also pleased to see the Marten Falls First Nation press release dated November 22, 2018 announcing progress in the advancement of all-season [...]
Noront Resources Ltd. is pleased to announce the closing of a private placement of 5,349,288 units at a price of $0.295 per unit, for gross proceeds of $1,578,040 and 6,491,433 common shares, which will qualify as “flow-through” shares pursuant to the Income Tax Act , at a price of $0.335 per flow-through common share, for gross [...]
Noront Resources Ltd. is pleased to provide an update on the summer exploration program at its 85% owned McFaulds volcanogenic massive sulphide property in the Ring of Fire. Figure 1: Cross-section of McFaulds No.8 & No.10 VMS discoveries Figure 2: Long-section of McFaulds No.8 and No.10 The 6-hole 3,033 metre copper-zinc focused program was [...]
