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Last C$0.35 CAD
Change Today 0.00 / 0.00%
Volume 102.9K
NOT On Other Exchanges
As of 2:47 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

noront resources ltd (NOT) Snapshot

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52 Week High
03/26/15 - C$0.67
52 Week Low
12/18/14 - C$0.25
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Current Stock Chart for NORONT RESOURCES LTD (NOT)

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noront resources ltd (NOT) Details

Noront Resources Ltd. acquires, explores, and develops various mineral properties in Canada. The company explores for base and precious metals, including nickel, copper, platinum group metals, chromite, iron, titanium, vanadium, gold, and silver. It primarily holds a 100% interest in Eagle's Nest project located in the James Bay Lowlands, Ontario. The company was formerly known as White Wing Resources Inc. and changed its name to Noront Resources Ltd. in July 1983. Noront Resources Ltd. was incorporated in 1980 and is headquartered in Toronto, Canada.

Founded in 1980

noront resources ltd (NOT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$330.0K
Chief Financial Officer
Total Annual Compensation: C$225.0K
Vice President of Projects
Total Annual Compensation: C$172.0K
Vice President of Aboriginal Affairs and Memb...
Total Annual Compensation: C$160.0K
Compensation as of Fiscal Year 2014.

noront resources ltd (NOT) Key Developments

Noront Resources Appoints Sybil Veenman to its Board of Directors

Noront Resources Ltd. announced the appointment of Sybil Veenman to its Board of Directors. Ms. Veenman is a senior mining executive with over 20 years of experience, and most recently served as Senior Vice-President and General Counsel at Barrick Gold Corporation.

Noront Resources Ltd. Appoints Stephen (Steve) Flewelling as Senior Vice President, Mining & Projects

Noront Resources Ltd. announced that Stephen (Steve) Flewelling P.Eng. has joined the company as Senior Vice President, Mining & Projects. Steve is a senior mining executive with more than 30 years of experience in exploration, feasibility planning, project development, construction and operations. He has worked domestically and abroad in a variety of roles and across multiple commodities. Most recently, Steve was Senior Vice President, Projects & Exploration at Glencore/Xstrata Nickel with responsibility for worldwide project development and the company's project pipeline. During this time, he was President of Falcondo. Steve has held various senior positions at Glencore/Xstrata and its predecessor companies including Vice President, Projects and Engineering; Manager of Mines; and Director of Technical Services.

Noront Resources Ltd. Enters into Amended and Restated Loan Agreement with Franco-Nevada

The Quebec Superior Court has granted an approval and vesting order for the acquisition by Noront Resources Ltd. of the shares of Cliffs Chromite Ontario Inc. (CCOI) and Cliffs Chromite Far North Inc. (CCFNI) for a purchase price of USD 27.5 million. To finance the transaction, concurrently with the execution of the revised share purchase agreement, Noront entered into an amended and restated loan agreement with Franco-Nevada through which Franco-Nevada will loan USD 25 million to Noront for a five-year period at a 7% interest rate with interest to be accrued and paid at the end of the loan term. In return, Franco-Nevada will receive a 3% royalty over the Black Thor chromite deposit and a 2% royalty over all of Noront's property in the region with the exception of Eagle's Nest, which is excluded. The Loan will be secured against the CCOI and CCFNI assets acquired in connection with the Transaction. In addition, Noront will receive from Franco-Nevada USD 3.5 million in cash consideration as part of the granting of the royalty over the existing Noront property. The Loan proceeds and a portion of the royalty payment were used to fund the acquisition price of the Transaction. Noront engaged Scotia Capital Inc. as its financial advisor in connection with the loan and royalty transactions.


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