Sudbury, Northern Ontario well positioned to reap the global rewards of the electric vehicle revolution – by Ian Ross (Northern Ontario Business – May 9, 2022)

https://www.northernontariobusiness.com/

The global nickel squeeze should turn the world’s critical mineral attention on this region, says mining columnist Stan Sudol

The big splash agreement that Elon Musk and his Tesla car company made last week with Brazilian miner Vale should have a ripple effect in the nickel-rich Sudbury basin and across Northern Ontario, according to a Toronto-based mining columnist.

“This is a tremendous opportunity to highlight the enormous potential of the Sudbury basin for clean, low-carbon nickel,” said Stan Sudol, owner of the Republic of Mining website, who heaped praise on the Tesla CEO.

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The Drift: Mining and movement in the Ring of Fire six years out, says Noront boss – by Ian Ross (Northern Ontario Business – May 4, 2022)

https://www.northernontariobusiness.com/

Wyloo Metals preparing to puts its stamp on James Bay mineral projects

Expect 2028 to be the year when the first truckloads of nickel concentrate will be rumbling out of the James Bay lowlands to market.That was the best educated guess from Noront Resources CEO Alan Coutts on an approximate date when the Eagle’s Nest nickel mine in the Ring of Fire will go into production.

During a Greater Sudbury Chamber of Commerce webinar on May 3, Coutts delivered an update to an online audience on the latest goings-on with the company and a basic primer on how Noront’s new Australian owners, Wyloo Metals, intend to approach development in Ontario’s Far North. Wyloo’s $616.9-million acquisition of Noront was finalized in early April.

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‘Actions speak louder than words,’ says Wyloo Metals CEO on their Ring of Fire plans – by Ian Ross (Northern Ontario Business – April 16, 2022)

https://www.northernontariobusiness.com/

Western Australian miner intends to make Eagle’s Nest mine a zero-emissions operation, built on Indigenous procurement and input

Well done is better than well said. That was the message from Wyloo Metals CEO Luca Giacovazzi, the new man at the controls of Noront Resources and its prized Eagle’s Nest nickel project in the Ring of Fire.

Giacovazzi made a crack-of-dawn introductory media call — Western Australia time — only hours after the Perth-headquartered mining company celebrated the closing of its $616.9-million acquisition of the Toronto junior miner on April 7.

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Wyloo Metals seals the deal in the Ring of Fire – by Staff (Northern Ontario Business – April 7, 2022)

https://www.northernontariobusiness.com/

Australian miner tables a socio-economic and green agenda to benefit Indigenous business and deliver a net-zero mine

The Ring of Fire’s newest player contends it will “set a new global benchmark in sustainable mining” in Ontario’s Far North. Australia’s Wyloo Metals announced April 7 that it has formally completed its acquisition of Noront Resources and its flagship Eagle’s Nest nickel asset in the James Bay region.

After Noront shareholders gave their blessing on March 15, the final court and stock trading regulatory hurdles have now been cleared.

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NEWS RELEASE: WYLOO METALS COMPLETES ACQUISITION OF NORONT RESOURCES;EAGLE’S NEST TO SET NEW GLOBAL BENCHMARK IN SUSTAINABLE MINING (April 7, 2022)

https://www.wyloometals.com/

Wyloo Metals Pty Ltd (“Wyloo Metals”) has successfully completed its acquisition of Noront Resources Ltd. (“Noront”) (TSXV:NOT), committing to transform the Eagle’s Nest nickel deposit into the new global standard for responsible mining practices.

The acquisition was completed following a shareholder vote to approve the plan of arrangement and a subsequent retention election, which resulted in less than 20 per cent of the common shares of Noront being subject to a retention election (1). As a result, Wyloo Metals has acquired all of the common shares of Noront that it did not already own.

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Wyloo lays out mining vision – by Sandi Krasowski (Toronto Star – April 4, 2022)

https://www.thestar.com/

THUNDER BAY, ONT. — The sale of Toronto-based Ring of Fire explorer Noront Resources to the Australian mining company Wyloo Metals is quickly approaching the finalization date of April 7.

A bidding war was won by Wyloo with a $617-million proposal and approved by Noront shareholders. The merger serves as the first attempt by the Australian mining company coming to Canada to revive a dormant, prime mineral belt.

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Ring of Fire’s new boss, Wyloo Metals, makes a surprise visit to Thunder Bay – by Ian Ross (Northern Ontario Business – March 30, 2022)

https://www.northernontariobusiness.com/

City and First Nation leaders impressed by the approach and vision of the Australian mining company

The sale of Ring of Fire explorer Noront Resources to Wyloo Metals of Australia is about a week away from being finalized.

While the Perth-based mining company has imposed a news blackout on all things related to its newly acquired James Bay mineral interests until the transaction closes on April 7, it didn’t stop Wyloo’s top executive from swooping into Thunder Bay last week for a brief visit.

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‘Judge me on my actions’: can Andrew Forrest become Australia’s clean, green hero? – by Tory Shepherd (The Guardian – March 26, 2022)

https://www.theguardian.com/

The billionaire mining magnate known as Twiggy may be emulating Bill Gates with the scale of his philanthropy, but not everyone is convinced

Andrew Forrest says he isn’t after power. He didn’t aim to become wealthy. The 27.2 billion dollar man just “wants to leave the world a better place”.

The American novelist John Barth wrote that “everyone is necessarily the hero of his own life story”. Forrest is certainly that. But his story – including, but not limited to, the staggering success of his iron ore business and the even more staggering ambition of his clean energy plans – is writ large enough for others to read. And they don’t all see him as a white knight.

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Noront shareholders approve sale to Wyloo Metals – by Staff (Northern Ontario Business – March 15, 2022)

https://www.northernontariobusiness.com/

$616.9-million Ring of Fire deal could be finalized on April 7

A major milestone has been reached on the path of potential mining development in the Ring of Fire. Noront Resources shareholders overwhelming approved the sale of the Toronto junior miner’s mineral assets in the Far North to Wyloo Metals of Australia.

Shareholders voted 98.92 per cent in favour of the $616.9-million deal during a special shareholders meeting on March 15. Noront shareholders have another 10 days to decide if they want to retain their shares or receive the $1.10 cash offer by Wyloo.

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Big vote for Noront coming – by Carl Clutchey (Toronto Star – February 17, 2022)

https://www.thestar.com/

THUNDER BAY — An Australian company could soon be leading the charge to build the first nickel mine in the Ring of Fire mineral belt if Noront Resources shareholders approve the move next month.

Investors who hold shares in Toronto-based Noront can vote at a virtual special meeting set for March 15 on a deal to have the company taken over by a subsidiary of Wyloo Metals, a Noront news release said Wednesday.

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IGO and Wyloo join forces on nickel processing – by Esmarie Iannucci (Mining Weekly – February 17, 2022)

https://www.miningweekly.com/

PERTH (miningweekly.com) – ASX-listed IGO will partner with Andrew Forrest’s Wyloo Metals to evaluate opportunities for downstream nickel processing in Australia, as Wyloo commits to support IGO’s bid for fellow-listed Western Areas.

The agreement will see IGO and Wyloo Metals conduct a study, funded 70:30 by IGO and Wyloo respectively, to evaluate the technical, commercial and economic feasibility of developing a downstream nickel processing facility based in Australia.

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Who gets to decide the future of the Ring of Fire? – by Nick Dunne (TVO.org – February 11, 2022)

https://www.tvo.org/

It’s one of Ontario’s last undeveloped regions, but First Nations say they’ve been given “token roles” in shaping its future

SUDBURY — It’s been 15 years since metal deposits were found in the so-called Ring of Fire. Now, the planned mining development, which spans 5,000 square kilometres in northern Ontario, has entered a new phase — and a group of First Nations wants to make sure its concerns are front and centre.

The new phase includes a regional impact assessment, a federal process that considers the effect that mining could have on one of Ontario’s last undeveloped regions. Five neighbouring First Nations are demanding that the government “start afresh with a commitment to have the [RIA] mutually and equally co-developed and co-led and co-enforced by an Indigenous governing body … that we Indigenous Nations will develop.”

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Forrest fuels another nickel bidding war – by Peter Ker (Australian Financial Review – January 26, 2022)

https://www.afr.com/

Billionaire Andrew Forrest has raised his stake in takeover target Western Areas in a move that confirms suspicions he will try to complicate IGO Group’s friendly takeover of the nickel miner.

Dr Forrest’s private company Wyloo Metals spent $31.4 million buying Western Areas shares on Friday and Monday at an average price of just under $3.43 per share. That valuation is above the IGO offer price of $3.36 per share, which the Western Areas board supported shortly before Christmas.

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‘Confusing, convoluted mess’: Ring of Fire set for speedy development under new owner, but challenges loom – by Gabriel Friedman (Financial Post – January 14, 2022)

https://financialpost.com/

Wyloo plans to build nickel mine in next five years, stoking renewed debate about reconciliation with Indigenous peoples

In the last days of December, Australia’s Wyloo Metals Ltd. offered $617 million in cash to buy Noront Resources Ltd., ending a bidding war with fellow Australian mining giant BHP Group, and emerging as the presumptive new owner of the collection of mineral claims in Ontario’s James Bay Lowlands known as the Ring of Fire.

The deal, expected to close in the next few months, leads to at least one major question: What happens next in the Ring of Fire? Cut off from the rest of Ontario, the project would require more than $1 billion of taxpayer investment in roads and infrastructure.

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Australia’s Wyloo Metals hopes to have Ring of Fire nickel mine, access road by 2026 – by Niall McGee (Globe and Mail – December 23, 2021)

https://www.theglobeandmail.com/

Wyloo Metals Pty Ltd., the winner of a fierce bidding war for Noront Resources Ltd., hopes to have a large nickel mine in operation in the Ring of Fire, and an access road built into the remote minerals district in northern Ontario, within five years.

Earlier this week, BHP Group Ltd. said it was not willing to improve upon Wyloo’s offer of $617-million ($1.10 a share) for Noront, ending a seven-month battle. Wyloo, a private equity firm based in Perth, Australia, that specializes in investing in large resource projects, is backed by billionaire Andrew Forrest, founder of iron ore giant Fortescue Metals Group.

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