NEWS RELEASE: Ring of Fire Metals Progresses Sustainable Mine Studies (November 1, 2022)

Ring of Fire Metals (RoF Metals) has commenced two studies exploring the use of wind power and atmospheric carbon removal as part of planning for a net zero emissions mine in Northern Ontario’s Ring of Fire.

Stephen Crozier, RoF Metals VP Sustainability, said the findings from a study of the wind energy resource conducted by global renewable energy company Windlab earlier this year were promising.

“Our primary focus in the development of Eagle’s Nest is to implement low emissions technologies throughout the operation, wherever possible,” he said.

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Australian miner bails on Quebec rare earth projects amid First Nation resistance – by Naimul Karim (Financial Post – October 13, 2022)

https://financialpost.com/

Vital Metals bills itself as Canada’s first rare earth producer and decision to ditch projects could be significant

Australia’s Vital Metals Ltd. walked away from two Quebec-based projects earlier this week due to objections from the Kebaowek First Nation, the latest evidence that maximizing Canada’s potential to be a player in the energy transition will require a more sophisticated relationship with Indigenous communities.

The Sydney-based company had signed an $8-million agreement with Montreal-based Quebec Precious Metals Corp. (QPM) in August last year to acquire 68- and 100-per-cent interests in the Kipawa and Zeus rare earth projects situated in Quebec’s Témiscamingue region, about 90 kilometres northeast of North Bay, Ont.

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Indigenous Leaders: First Nation partnerships will lead the way north – by Ian Ross (Northern Ontario Business – September 28, 2022)

https://www.northernontariobusiness.com/

Marten Falls and Webequie pursue their socio-economic development goals in shepherding Northern Road Link environmental impact process

If your First Nation community harbours great ambitions to become a major project proponent, Gordon Wabasse offers some sage and simple advice. “Be prepared.” Wabasse, the lands and resources director of Webequie First Nation, participated in a panel discussion on the Ring of Fire at the inaugural Indigenous-led Projects Forum in Toronto, Sept. 27.

Wabasse and other James Bay regional leadership spoke of his community’s groundbreaking journey as one of the two Indigenous proponents overseeing the design and environmental impacts of a proposed all-season road into Far North, an Ontario first.

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Noront to be renamed Ring of Fire Metals as Wyloo pushes to build EV nickel mine in Ontario’s Far North – by Niall McGee (Globe and Mail – September 27, 2022)

https://www.theglobeandmail.com/

Wyloo Metals Pty Ltd. has renamed Noront Resources Ltd., the junior Canadian exploration company it recently acquired, to Ring of Fire Metals, as the Australian resource heavyweight moves forward in its attempt to build what could be a cornerstone mine for Ontario’s nascent electric-vehicle industry.

Perth-based private equity firm Wyloo acquired Noront this year for $617-million after winning a fierce bidding war against fellow Australia miner BHP Group Ltd. Wyloo chief executive Luca Giacovazzi said in a release that it settled on the Ring of Fire name to recognize both the minerals district in which the nickel project is located, and to pay homage to Noront’s Canadian roots.

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[Luca Giacovazzi] Meet the Forrest young gun who shot down BHP – by Brad Thompson (Australian Financial Review – September 16, 2022)

https://www.afr.com/

Luca Giacovazzi is a rising star in the Andrew Forrest business empire and boss of Wyloo Metals which stared down BHP in the bidding war for green minerals deposits in Canada.

Wyloo Metals wunderkind Luca Giacovazzi has made a lot of money for Andrew Forrest since making his first big pitch to the iron ore billionaire, and he might end up costing BHP plenty.

Giacovazzi, then just 27, called his first presentation slide pack Nickel: Get its mojo back in what was a risky move given Forrest’s painful memories from his Anaconda Nickel venture.

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Retrieving metals from the Ring of Fire through the value chain into battery vehicles has always been Noront Resources vision – by Kevin Vincent (Mining Life – September 6, 2022)

https://mininglifeonline.net/

There’s a heightened excitement about the Ring of Fire and the company in the center of the crosshairs is elevating its cautious optimism. That optimism is fueled by the Ontario government’s decision to appoint a Mines Minister, George Pirie, with a specific mandate to develop the Ring of Fire.

Ryan Weston, VP of Exploration at Wyloo Metals – the biggest player in the Ring of Fire, says the mandate is not a huge surprise. “Obviously, when you hear Doug Ford campaigning in this most recent election and talking a lot about the Ring of Fire and critical minerals, he wants to go from mines to electric vehicle batteries. He’s got two major investments coming on the battery production side that have been announced in the last six months. So, he wants the full spectrum of value there from mining.”

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Post Noront takeover, Wyloo gets to work on Ring of Fire assets: Exclusive interview – by Alisha Hiyate (Northern Miner – June 29, 2022)

Global mining news

Wyloo Metals made a big splash last year with its battle against Australian behemoth BHP for control of Ring of Fire junior Noront Resources. The private, Western Australia-based company, owned by Australian billionaire Andrew Forrest’s Tattarang investment group, outlined its vision for Noront’s high-grade nickel-copper-PGM Eagle’s Nest project early on.

The miner plans to build a net-zero mine that would process the nickel in-province and create a ‘future metals hub’ while awarding $100 million worth of contracts to First Nations-owned businesses and establishing a training and employment centre for northern and Indigenous communities.

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Australian owner of major Ring of Fire deposits brings big promises, controversial reputation – by Heather Kitching (CBC Radio Thunder Bay – May 25, 2022)

https://www.cbc.ca/news/canada/thunder-bay/

Mining mogul touts experience with Indigenous people in Australia as company takes stake in Ontario

The Australian owner of the company that now holds the largest mining stake in the Ring of Fire in northwestern Ontario has a controversial reputation stemming from business dealings with Indigenous people in his homeland.

Andrew Forrest, a billionaire mining mogul and philanthropist, owns Wyloo Metals. In April, Wyloo took over Noront Resources’ stake in the Ring of Fire region in a $600-million deal that took the previously publicly traded Noront private.

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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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