- “The first ore from the Ring of Fire could come out of the ground in five years, potentially finally unlocking the mineral-rich area that has long been promised to stoke Northern Ontario economic development opportunities. Noront Resources, which owns 85 per cent of the mining claims in the James Bay lowlands area, is working toward the completion of the permitting and approval process, which would be followed by the construction of a road and the first mine to tap into the lucrative deposits. Speaking at the Nishnawbe Aski Development Fund’s annual Aboriginal Forum … company president and chief executive officer Alan Coutts said the goal is to have their Eagle’s Nest nickel, copper and platinum-group mine operational by 2024. One of the biggest steps to development is building a road to access the proposed mines, with two possible routes …” (sudbury.com)
- “KWG Resources Inc. is pleased to announce closing on June 17, 2019 of another tranche of its private placement (the “Private Placement”) of convertible debentures. This tranche was comprised of an aggregate of $100,000 of debentures. The debentures are convertible, at the option of KWG at any time or at the option of the holder within 30 days prior to maturity or redemption, into units (each a “Unit”) with a deemed value of $21 per Unit. The subscriber received an option to acquire an equal amount of additional debentures at any time within four (4) months from closing …” (KWG news release)
- “Sault Ste. Marie (Liberal) MP Terry Sheehan says the federal government is working hard to ensure that businesses of all sizes have the tools they need to be successful … The federal government is also committed to seeing development at the Ring of Fire, Sheehan said. The province has to commit to its part, something Sheehan said it may find difficulty doing as a result of the province’s fiscal tightening.” (saultstar.com)
- “Infrastructure in Ontario’s far north more at risk due to more frequent, intense wildfires, experts say … While the boreal forest needs fire to survive and rejuvinate, Johnston said too much of it can, not only change the type of vegetation that grows back, but also make it far more difficult to protect important infrastructure, especially if more of it gets built into remote areas, such as roads, power lines and industry connected to the Ring of Fire …” (cbc.ca)
- “Sault Ste. Marie’s location on the Great Lakes was instrumental in snagging a Ring of Fire ferrochrome processing plant. Now the municipality is going back to government funders to see if once-promised money for a port study is still on the table …” (northernontariobusiness.com)
- “KWG Resources (CNSX:KWG) Sets New 12-Month Low at $0.01” (29 June 2019)
- “Noront Resources (CVE:NOT) Trading Down 2.1%” (20 June 2019)
- “Noront Resources (CVE:NOT) Shares Down 2.1%” (19 June 2019)
- “KWG Resources (CNSX:KWG) Hits New 52-Week Low at $0.01” (14 June 2019)
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