- “The Board of Directors of KWG Resources Inc. has granted options to purchase 40,714,000 shares under its Incentive Stock Option Plan. The options are exercisable for 5 years at $0.05 which is the minimum price permitted under the Company’s listing agreement with the Canadian Securities Exchange. Options to purchase 11,185,000 shares were granted to four Directors, options to purchase 5,389,000 shares were granted to a Director and Officer, options to purchase 7,840,000 shares were granted to two Officers, options to purchase 11,050,000 shares were granted to three employees, and options to purchase 5,250,000 shares were granted to eight consultants ….”
- Analysts calling one of the smaller RoF players “hot” right now “…. Shares of Franco-Nevada Corporation were up 1.61% versus prior close, having declined -11.03% this year. The Precious Metals & Minerals – NEC Company on August 10, 2015 stated second quarter 2015 financial results realizing 83,040 Gold Equivalent Ounces from its mineral assets and $10.3 million in revenue from its oil & gas assets. Net Income and Adjusted Net Income were $21.6 million , or $0.14 per share, and $22.9 million , or $0.15 per share, respectively, with Adjusted EBITDA being $82.2 million , or $0.53 per share …. On April 28, 2015 , Franco-Nevada attained royalty rights in the Ring of Fire mining district of Ontario by providing $28.5 million in loan and royalty financing to Noront Resources Ltd. ….”
- From the election campaign “The candidates running to represent Thunder Bay-Superior North in Ottawa agree there’s a lack of leadership when it comes to the Ring of Fire but disagree on who’s to blame ….”
- ” “An NDP government under Tom Mulcair will get the Northern Ontario economy moving again with a focus on investment in key sectors and making life better for northern families”, said Thunder Bay-Rainy River New Democrat candidate John Rafferty at the (northern Ontario) platform launch (Monday) …. With a plan geared specifically to Northern Ontario, an NDP government will …. Unlock the potential of the “Ring of Fire” deposits by investing $1 billion in strategic infrastructure over the next 20 years ….” – more here and here, but nothing as of this post on the NDP’s main web page. I’ve asked NDP’s Info-machine for an electronic copy of the northern Ontario platform – let’s see how long it takes to get it.
- Matawa’s #RoF advisor Bob Rae’s on the campaign trail helping out fellow Liberals
- Not based in the Ring of Fire specifically, but interesting nonetheless …. “Northern Superior Resources Inc. has completed preparations for its trial against the Ontario Government, set to begin October 5th 2015 …. The conflict with Aboriginal communities over land (which includes such well known disputes as Platinex, God’s Lake Resources and Solid Gold, all related to the situation NSR faced) continues to date. Along with the difficulties encountered by Ontario in the Ring of Fire today, this certainly suggest that some of these criticisms were valid: the so-called new Mining Act was a minimal improvement, at best, over the old one ….”
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