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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Then and Now

Noront Resources

over 9 years ago

First..."Cliffs first turned its attention to Freewest, trumping a competing bid from Noront Resources, in a CDN$240 million deal."

Then...."cash offer of 19 cents per share, valuing Spider’s current 26.5% interest in Big Daddy at C$125.38 million"

And then..."Following Cliffs Chromite Far North Inc.’s acquisition of UC’s 55% Joint Venture Interest, Cliffs Chromite Far North Inc. holds approximately 80% and KWG holds approximately 20% of the McFaulds Lake area property under the Joint Venture Agreement.

Under the Purchase Agreement, the purchase price payable to UC was $6,000,000 CDN ($6 Million)

And now...."This is positive news for us," said KWG CEO Frank Smeenk. "Noront CEO Al Coutts has invited us to discuss our future plans to develop our properties in partnership with the First Nations. We are delighted with this evolution of the Ring of Fire's opportunities and are hopeful that our relationship with our Big Daddy joint venture partner will become more constructive and collaborative."