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noront resources ltd (NOT) Snapshot

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05/26/14 - C$0.70
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noront resources ltd (NOT) Details

Noront Resources Ltd., a development stage company, 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$82.5K
Chief Financial Officer
Total Annual Compensation: C$150.0K
Chief Operating Officer and Member of the Fir...
Total Annual Compensation: C$156.7K
Vice President of Projects
Total Annual Compensation: C$114.7K
Vice President of Aboriginal Affairs and Memb...
Total Annual Compensation: C$106.7K
Compensation as of Fiscal Year 2013.

noront resources ltd (NOT) Key Developments

Noront Resources Provides Update on Eagle's Nest Mine

Noront Resources Ltd. provided an update on its work plans for the winter 2014-15 season. Noront has agreed to support Marten Falls First Nation (MFFN) as the proponent of a winter road to access its Eagle's Nest Mine in the Ring of Fire. MFFN has submitted a permit application to build a winter road from Marten Falls to Noront's Esker camp where the Eagle's Nest Mine will be located. This road will be used to transport bulk materials including fuel and heavy equipment, to be used for work on the existing airstrip and to help ensure that Noront is in position to initiate mining activities once the necessary approvals are in place. Work on the airstrip is planned for fall/winter 2014 and will be completed under an approved land use plan with Noront's development partner Marten Falls Logistics (a 100%-owned entity of Marten Falls First Nation). As part of this project, the landing area will be cleared to its final dimensions for use as a winter air strip during the 2014/15 season rather than the previously used ice air strip constructed on Koper Lake. The airstrip will be upgraded for all-season use when waste rock aggregate is available from construction of the underground mine at Eagle's Nest. Noront is currently preparing an update to its 2012 Feasibility Study which is expected to be complete by the end of October. It is being prepared by Micon International based on detailed construction cost estimates provided by the companies contributing to Noront's Eagle's Nest project, a group of world class organizations that includes: Cementation, responsible for underground mine development and concrete formations; Kiewit - A global expert on civil, heavy duty industrial construction and management of large complex civil/mining projects. Responsible for access road construction; Nuna Logistics - A leading Canadian aboriginal civil construction and logistics company. Responsible for winter road, all-season road, site roads and transportation logistics ATCO Structures and Logistics - Responsible for permanent camp and associated infrastructure; AECON Group Inc.; Responsible for mechanical, electrical and instrumentation installation; Outotec. Responsible for design and supply of the process plant equipment; ABB Ltd. - Responsible for the design, supply of electrification, automation and communications systems; Atlas Copco.

Noront Resources Ltd. Presents at Scotiabank GBM Mining Conference 2014, Dec-02-2014

Noront Resources Ltd. Presents at Scotiabank GBM Mining Conference 2014, Dec-02-2014 . Venue: The Ritz Carlton Hotel, 181 Wellington St W, Toronto, Ontario, Canada.

Noront Eyes Cliffs’ Chromite Assets

Noront Resources Ltd. (TSXV:NOT) would consider acquiring Cliffs Natural Resources Inc.'s (NYSE:CLF) chromite assets in the Ring of Fire region of northern Ontario should the mining company’s management choose to divest them. Noront has "been keeping an eye" on the situation at Cliffs in light of the proposed asset divestment, President and Chief Executive Officer Alan Coutts told AMM.


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