Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Re: Report On Business

Noront Resources

almost 16 years ago

Re: Report On Business

Noront Resources

almost 16 years ago

Report On Business

Noront Resources

almost 16 years ago

BUSINESS TICKER: NORTH AMERICA: RESOURCES: METALS

Hedge fund seeks to oust Noront board

ANDY HOFFMAN

October 10, 2008

A Toronto hedge fund is trying to oust the board of one-time high-flying junior miner Noront Resources Ltd. Rosseau Asset Management, which controls 9.2 per cent of Noront's shares, is proposing its own slate of directors that includes Patrick Anderson, the former head of Aurelian Resources Inc., be voted in at Noront's Oct. 28 annual meeting. Noront and its 70-year-old chief executive, Richard Nemis, were catapulted to prominence in 2007, when the company discovered a promising nickel, copper and platinum property in Northern Ontario. Noront shares surged from less than $1 to more than $7, but the stock is down about 75 per cent this year. In a proxy circular filed yesterday, Rosseau alleges that Noront has "squandered opportunities, wasted substantial monies on non-core properties, diluted its interests through option agreements and made exaggerated claims that have never materialized." NOT (TSXV) rose 21 cents to $1.16.