|Bid||0.1900 x 0|
|Ask||0.2000 x 0|
|Day's Range||0.1950 - 0.2000|
|52 Week Range||0.1200 - 0.2800|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TORONTO, July 17, 2020 -- Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) announced today that Mr. Matthew Quinlan, Interim CFO for Trevali Mining.
Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) is pleased to report a maiden resource estimate for the No. 8 sulfide lens and updated resource estimates for the No. 1 and No. 3 sulfide lenses. Given their close proximity, these lenses will be known as the Nikka copper-zinc deposit at the Company’s 85% owned McFaulds VMS property in the Ring of Fire (Table 1). Nikka means Canada Goose in Ojicree and maintains the boreal forest bird theme that Noront follows in naming its various deposits.
Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) announces that payment of interest in the amount of $424,182 for the first quarter of 2020 pursuant to a loan agreement entered into between Noront and Resource Capital Funds V L.P. (“RCF”) dated February 26, 2013 (the "Loan Agreement") has been satisfied by delivery of 2,750,856 common shares of the Company (the “Interest Shares”) at an effective price of $0.1542 per Interest Share. The calculation of the number of Interest Shares issued was based on the volume weighted average trading price of the common shares of the Company during the 20 trading days prior to March 31, 2020. After giving effect to the issuance of the Interest Shares, there are 412,409,575 common shares of the Company issued and outstanding.
Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is pleased to acknowledge the agreement announced today between the provincial government, Marten Falls First Nation and Webequie First Nation to advance planning and development of a proposed Northern Road Link that will provide reliable, all-season road access to mine sites in the Ring of Fire and connect First Nation communities to Ontario’s provincial highway network. The partnership was announced by Premier Doug Ford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs Greg Rickford, Marten Falls Chief Bruce Achneepineskum and Webequie Chief Cornelius Wabasse during a signing ceremony at the Prospectors and Developers Association of Canada (PDAC) convention.
Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) announced today that Mr. Gregory Honig, Director of Origination, Canada for Resource Capital Funds (“RCF”), has been appointed to Noront’s Board of Directors (the “Board”) in place of Sybil Veenman who will be stepping down as RCF’s appointee on the Board. Prior to joining RCF, Gregory worked for Xstrata Nickel as Director - Business Development and for Orion Securities as Senior Analyst - Mining Investment Banking.
Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) has extended the terms of its current debt facilities with Franco-Nevada Corporation ("Franco-Nevada") and Resource Capital Fund V L.P. ("RCF V"). The Company’s loan with Franco-Nevada has been extended to September 30, 2022 and the maturity of its convertible debenture with RCF V has been extended to September 30, 2021. In addition, Noront has granted a 1% gross revenue royalty on the Eagle’s Nest Nickel-Copper-PGM deposit for C$5.0 million to Franco-Nevada.
TORONTO, Dec. 02, 2019 -- Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) is announcing that it has issued 200,000 units at an issue price of $0.20 per.
Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) has closed a non-brokered private placement for gross proceeds of $2.06 million from the issuance of flow-through shares (the “FT Shares”) and units (the “Units”). The Company issued 7,900,000 FT Shares at a price of C$0.25 per FT Share for gross proceeds of $1,975,000 and 425,000 Units at a price of C$0.20 per Unit for gross proceeds of $85,000 (the “Private Placement”). Each Unit consists of one common share of the Company and one common share purchase warrant (each, a “Warrant”).
Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) is announcing that it has entered into a seventh amending agreement dated October 31, 2019 (the “Seventh Amending Agreement”) with its largest shareholder, Resource Capital Fund V L.P. (“RCF V”), to extend the term of its existing US$15 million convertible debenture (the “Convertible Debenture”). Subject to TSX Venture Exchange approval, the maturity date of the Convertible Debenture has been extended until November 30, 2019 (previously October 31, 2019).
Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) has received approval from the TSX Venture Exchange and has issued Algoma Steel Inc. (“Algoma”) 750,000 common shares of the Company and 750,000 warrants to purchase common share pursuant to the term sheet signed between the Company and Algoma as announced on September 20, 2019. The term sheet gives the Company a 5-year option to enter into a 99-year ground lease agreement on a parcel of land owned by Algoma, west of its steel mill. It is Noront’s intent to design, permit, construct and operate a Ferrochrome Production Facility on the property.
Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) announced agreements with Algoma Steel Inc. and Hatch Ltd. today to facilitate development of the Ring of Fire mineral district and the associated Ontario-based processing facilities. The agreement with Algoma provides Noront with a 5-year, renewable option to lease a brownfield property in Sault Ste.
Summer Drilling Program Intersects 10.1 Metres of 3.3% Copper 215 Metres Down-dip of MCF-18-98 TORONTO, Sept. 16, 2019 -- Noront Resources Ltd. (“Noront”) (TSX Venture: NOT).
Noront Resources Ltd. (“Noront” or the “Company”) announces the issuance of 300,000 shares to Marten Falls First Nation and 150,000 shares to Aroland First Nation. The share issuance was under the terms of a Project Advancement Agreement with Marten Falls First Nation originally entered into by the Company on April 12th, 2017 and as amended on July 9th, 2019 and under the terms of a Memorandum of Understanding with Aroland First Nation entered into by the Company on June 6, 2019. The shares were delivered on August 20th, 2019 are subject to a four-month holding period, expiring on December 21, 2019. The Company announces that it has received the conditional approval of the TSX Venture Exchange to extend the expiry date of a total of 24,466,336 common share purchase warrants of the Company (the "Warrants").
Noront Resources and Marten Falls First Nation are pleased to jointly support today’s announcement regarding development in the Ring of Fire, made by Minister of Energy, Northern Development and Mines, and Minister of Indigenous Affairs, Greg Rickford. Since the discovery of the Ring of Fire, we have worked collaboratively toward development of the region. Development of the Ring of Fire is the single largest economic opportunity for Northern Ontario with significant benefits for the entire province.