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Fortescue Metals Group/Wyloo Metals

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)

https://www.northernminer.com/

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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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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