Noront Resources (TSXV:NOT) is a Canadian-based mining company, and has the largest land position in the Ring of Fire, an emerging multi-metals area located in the James Bay Lowlands of Northern Ontario.
As a result of the 2015 acquisition of the Cliffs chromite properties and the 2016 acquisition of MacDonald Mines, Noront now has ownership or a controlling interest in all the major discoveries to date in the region.
The company’s first project is a 100%-owned, high-grade, nickel, copper and platinum group element (PGE) deposit called Eagle’s Nest. It is the largest high-grade nickel discovery in Canada since Voisey’s Bay and the most advanced project in the Ring of Fire. The next projects in our pipeline are the Blackbird and Black Thor chromite deposits.
To date, Noront has invested over $200 million in exploration, development, acquisition and community engagement—an area of recognized leadership. The company’s exploration program has seen over 200,000 meters of drilling since 2007. Noront expects to be in commercial production at Eagle’s Nest three years after final environmental permits are received.
Noront is on the forefront of both development in the Ring of Fire and sustainable mining with a series of notable firsts.
- First Discovery:
Eagle’s Nest Deposit
- First Exploration Agreement
- First Chromite Resource
- First Nickel Ore Reserve
- First Positive Feasibility Study
- First Training &
- First Completed
- First Mining Lease
- First Approved Terms of Reference