TORONTO, July 24, 2018 -- Noront Resources Ltd. announces today that, as a result of a review by staff of the Ontario Securities Commission , the Corporation is issuing the following news release to clarify certain disclosure made with respect to its chromite properties in the James Bay Lowlands of Ontario. Specifically, the Corporation wishes to [...]
Noront Resources today announced that it has reduced the choice of prospective locations for its proposed ferrochrome production facility to two Northern Ontario cities: Timmins or Sault Ste. Marie. Both Thunder Bay and Sudbury have been removed from further consideration. Four communities participated in the bidding process which began in February [...]
TORONTO, June 26, 2018 -- Noront Resources Ltd. has entered into a fourth amending agreement dated June 25, 2018 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 approval, the maturity date of the Convertible Debenture has been extended until January [...]
TORONTO, May 07, 2018 -- Noront Resources Ltd. is pleased to provide an update on the copper-zinc focused exploration program at its 85% owned McFaulds property in the Ring of Fire. Figure 1: Cross-section of McFaulds No.8 & No.10 VMS discoveries Figure 2: Location of recent drilling and geophysical surveying at McFaulds In March the company [...]
TORONTO, April 09, 2018 -- Noront Resources Ltd. today provided a corporate update and closed a private placement of flow-through shares. Road Development Last August, the province announced funding and support for two First Nation led access road proposals linking the Ring of Fire and their communities to the provincial highway system. Since that [...]
TORONTO, Feb. 23, 2018 -- Noront Resources Ltd. announces that the Company’s Board of Directors has granted the option to acquire an aggregate of 5,331,532 common shares to officers, management and directors, with an exercise price of $0.35 per Common Share, the closing market price on the date of grant, exercisable for a period of five [...]
TORONTO, Feb. 05, 2018 -- The submission period for site bids on the proposed Noront Resources Ltd. ferrochrome production facility is now closed. Four completed bid packages were received by the deadline, which was close of business on Friday, February 2, 2018. Bids were received from Sault Ste. Marie, Sudbury, Thunder Bay and Timmins. The next [...]
TORONTO, Jan. 22, 2018 -- Noront Resources Ltd. announces that as part of its US$15 million convertible debt facility with Resource Capital Fund V, that it intends to issue 1,214,981 common shares in settlement of $377,130 in interest for the fourth quarter ended December 31, 2017. The shares will be issued at $0.3104 per share which represents the [...]
TORONTO, Dec. 20, 2017 -- Noront Resources Ltd. announces that the Honourable Greg Rickford will step down from the Noront Board of Directors effective today. Greg recently declared his candidacy for Member of Provincial Parliament in the Kenora-Rainy River district and wishes to focus his energy on the upcoming campaign. “It was very [...]
TORONTO, Nov. 27, 2017 -- Noront Resources Ltd. today provided updates on its current exploration program in the Ring of Fire and corporate activities. Figure 1: Cross-section of McFaulds No.8 VMS Discovery Figure 2: Location of Recent Drilling at McFaulds No.8 Red Lines are recently identified BHEM conductors McFaulds Property Drill Program [...]
Noront Resources is pleased to announce the closing of a non-brokered private placement of 3,400,000 common shares at a price of $0.3675 per share with RCF V Annex Fund for gross proceeds of $1,249,500. Proceeds from the private placement will be used to support the negotiation of a Pre-development Agreement for the Eagle’s Nest nickel, copper [...]
Noront Resources is pleased to provide an update on the copper-zinc focused drill program at its 85% owned McFaulds property in the Ring of Fire. The three-hole program—totaling 1,387 metres—was completed in early September. The most notable results were from drill hole MCF-17-88 which intersected 18 metres of anomalous copper-zinc mineralization [...]
