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: non-dilutive $15 million financing
Noront Resources
over 11 years ago
12
in response to djje's message

What a pleasant surprise.

Considering RCF invests in startup resource plays, I think money would be tight for them right now.

For them to lend these funds shows that they have a high regards for Noront's prospects.

These funds should last Noront through the tough period ahead for juniors needing money and I would say until the uncertainties are more clear.

Plenty of money here to help fund the necessary permits.

I don't want to jinx anything but this should help the SP and seperate Noront from 99% of the other juniors out there that are going extinct.

It also shows that Noront is not willing to dilute and stayed firm in their negotiations as I am sure that RCF was going a share purchase.

Good job Noront Management.

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Noront Resources
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