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.)
question
over 15 years ago
4
in response to eastwoodtrader's message

The issue of First Nation compensation or rights is not something Noront can deal with on their own and you can't blame the Webequie people from being reluctant to sign any agreement which might then be referred to as some kind of 'standard'.

During exploration stages there are expenses and no revenue, the First Nation people are looking down the road a long way to when there are revenue streams from the extraction of natural resources. It's difficult for them since the area under exploration is not part of there treaty property and they're going to have to make as strong a claim as possible to gain whatever rights they can from the Provincial/Federal Government.

Noront has laid the groundwork to be respectful and take direction from concerned First Nation people including others besides Webequie who can also clam some rights or interest in this area. I can't see any difficulty arising from the lack of agreement since Noront will be guided by the spirit of proposed agreement and that seems fine by the Native Peoples who just wish to keep all of their 'options' open.

Please login to post a reply
Polylabel
City
Rank
President
Activity Points
18518
Rating
Your Rating
Date Joined
10/11/2007
Social Links
Private Message
Noront Resources
Symbol
NOT
Exchange
TSX-V
Shares
326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
Create a Post