The step by step process to get a road to the Ring of Fire – by Staff (Northern Ontario Business – April 14, 2022)

https://www.northernontariobusiness.com/

Environmental assessment work for Ring of Fire road can now begin as First Nation road proponents file terms of reference

Construction hasn’t started on the road to the Ring of Fire, but the Ontario government promises the environmental assessment process is well underway.

The provincial government and two remote First Nations near the remote mineral belt are calling the filing of the terms of reference of the Northern Road Link a “historic milestone to unlocking jobs and economic opportunities in the Ring of Fire region.”

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NEWS RELEASE: Ontario and First Nations Celebrate Historic Milestone for the Ring of Fire (Office of the Premier/Northern Development, Mines, Natural Resources and Forestry – April 14, 2022)

Project Location & Study Area (CNW Group/Webequie First Nation and Marten Falls First Nation)

First Nations announcing the next step to build the Corridor to Prosperity

TORONTO – Premier Doug Ford and Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry, joined Chief Bruce Achneepineskum of Marten Falls First Nation and Chief Cornelius Wabasse of Webequie First Nation to celebrate a historic milestone to unlocking jobs and economic opportunities in the Ring of Fire region.

Today, Marten Falls and Webequie First Nations announced they will be submitting a Terms of Reference for the proposed Northern Road Link Environmental Assessment. This proposed road is the final piece of critical road infrastructure needed to ensure reliable, all season road access to potential mining sites in the Ring of Fire and connect both First Nations communities to Ontario’s highway network.

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Two First Nations to start Ring of Fire environmental assessment – by Chelsea Papineau (CTV News Northern Ontario – April 14, 2022)

https://northernontario.ctvnews.ca/

“It is important to remember why we are here and what this represents. We are leading the Northern Road Link because the project is in our traditional territory and we are exercising our right to self-determination. This represents a potentially bright future for our future generations, for our neighbours, and for the region,” Achneepineskum said.

Officials are celebrating what they are calling a ‘historic milestone’ for the Ring of Fire development in Ontario’s Far North. In an update on northern Ontario’s Ring of Fire mineral deposit Thursday morning, the chiefs of Marten Falls First Nation and Webequie First Nation announced they have completed terms of reference – a document outlining how the groups will work together on a particular project — for the proposed Northern Road Link (NRL) Environmental Assessment.

The two chiefs signed an agreement with the Ontario government in March 2020 to start the project’s planning and development. The terms of reference will be released later this month, Marten Falls First Nation Chief Bruce Achneepineskum said in a live news conference. “It’s a start of a journey for us into economic reconciliation for Marten Falls First Nation and neighbouring Matawa First Nation communities,” Achneepineskum said.

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With an election in sight, Doug Ford once again ready to hop on the Ring of Fire ‘bulldozer’ – by Ian Ross (Northern Ontario Business – April 8, 2022)

https://www.northernontariobusiness.com/

Ontario premier appears in the Sault to charge up Algoma Steel and the critical minerals mining industry

Premier Doug Ford didn’t back down from his government’s commitment to invest in the development of a north-south road network into the Ring of Fire.

The premier and some provincial cabinet ministers were in Sault Ste. Marie on April 8, surrounded by steel coils on the floor of Algoma Steel’s Direct Strip Production Complex to unveil the province’s expanded Northern Energy Advantage Program (NEAP), a power rebate program for heavy industrial users in the North.

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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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How Trudeau proposes to make Canada a key supplier of critical minerals – by Gabriel Friedman (Financial Post – April 8, 2022)

https://financialpost.com/

Billions earmarked in the federal budget to develop an industry crucial to the world’s energy transition

Few issues are as hotly debated as the costs of climate change, and the new federal budget is unlikely to cool the tenor of that discussion.

Chrystia Freeland’s second budget as finance minister proposes billions of dollars in new spending to incentivize more mining of critical minerals through investments in infrastructure, tax credits for exploration, and funding to help attract the downstream industries that turn those minerals into products such as electric vehicles and battery cells.

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NEWS RELEASE: $3.8B Commitment in 2022 Budget Significantly Enhances Canadian Mining Industry’s Ability to Provide the Minerals and Metals Required to Reach Net-Zero (April 7, 2022)

Ottawa, April 7th, 2022 – The Mining Association of Canada (MAC) welcomes the government’s forward-looking vision for our sector as proposed in Budget 2022. With unprecedented support and extensive measures, Budget 2022 will position Canada’s minerals and metals industry for success as a partner in accomplishing Canada’s goal of a greener future while also enhancing greater supply chain resiliency, particularly in battery and advanced manufacturing materials.

Budget 2022 reinforces the government’s commitment to climate action and supply chain security goals by providing strategic funding and programmatic supports to Canada’s minerals and metals sector, underscoring a recognition that the world is better off on climate change when Canada wins on critical minerals. Specifically, the budget:

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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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Rickford has some strong words for environmental groups: There’s no green economy without mining – by Len Gillis (Sudbury.com – April 5, 2022)

https://www.sudbury.com/

Northern Development minister challenges environmental groups to ‘get on board’ with Ontario mineral strategy, calling it the ‘single biggest environmental policy any jurisdiction has ever advanced the world over’

Northern Development minister Greg Rickford said environmental groups that continue to target Northern Ontario’s mining industry are missing the boat if they do not support the new Ontario critical minerals strategy.

Rickford recently made reference to Ontario environmental policy when he announced a $1.5-million grant to the Science North Go Deeper Project.

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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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BULLETIN: The Ontario Divisional Court Weighs in on Funding Consultation – by Tracy A. Pratt and Paul Hildebrandt (Fasken.com – March 14, 2022)

https://www.fasken.com/en/

The Ontario Divisional Court recently released its decision in Attawapiskat First Nation v Ontario. [1] Among other things, the Court addresses the issue of funding consultation in the early exploration context.

Background

In January 2020, Juno Corp. (“Juno”) applied to the Ministry of Northern Development, Mines, Natural Resources, and Forestry (the “Ministry”) for two early mineral exploration permits on lands covered by Treaty 9 (the “Project Lands”). The Project Lands are located within the area known as the “Ring of Fire”. They also fall within the Attawapiskat First Nation (“Attawapiskat”) traditional territory, approximately 250 kilometers west of the community. [2]

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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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INTERVIEW: Ontario ‘all in’ to develop full EV, battery supply chains: minister – by Nick Lazzaro (S&P Global – March 28, 2022)

https://www.spglobal.com/

Ontario aims to propel its leadership in automotive electrification by continuing to attract key industrial investments that will establish a complete electric vehicle and battery supply chain in the region, according to a government official.

“Quite frankly, we are all in with our chips on electric vehicle production in Ontario,” Vic Fedeli, Ontario’s minister of economic development, job creation and trade, said in an interview with S&P Global Commodity Insights.

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First Nations ‘merely pawns’ in wrangling over Ring of Fire: Marten Falls chief – by Brett Forester (APTN News – March 24, 2022)

https://www.aptnnews.ca/

Chief Bruce Achneepineskum’s community of Marten Falls is one of the closest First Nations to the proposed mining mega-development known as Ontario’s Ring of Fire. That’s why he, like other First Nations leaders, wants a greater say in what happens across the 5,000-square-kilometre tract of Treaty 9 territory.

“This is Marten Falls ancestral land, and we’d like to take the lead on any government processes that happen on our lands, but I don’t know if this is going to be the case,” Achneepineskum said on Nation to Nation. “The government makes the law. They make the policy, and First Nations are merely, right now, pawns in that scheme.”

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NEWS RELEASE: Elections; Announces Automatic Squeeze-Out Under the Arrangement With Wyloo Metals (March 28, 2022)

TORONTO, March 28, 2022 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSXV:NOT) announces that, as of 5:00 p.m. (Toronto time) on March 25, 2022, being the deadline for shareholders of the Company to make an election to retain all or a portion of their common shares of Noront (“Common Shares”) following the Arrangement (as defined below) (a “Retention Election”), an aggregate of 81,620,596 Common Shares (representing approximately 14.4% of the issued and outstanding Common Shares) are the subject of a Retention Election.

Accordingly, pursuant to the plan of arrangement (the “Arrangement”) involving Wyloo Metals Pty Ltd. (the “Parent”) and its wholly-owned subsidiary, Wyloo Canada AcquisitionCo Pty Ltd. (the “Purchaser”, and together with the Parent and any of their affiliates, the “Wyloo Parties”), the Purchaser will acquire all of the Common Shares not already owned or controlled by the Wyloo Parties (the “Automatic Squeeze-Out”), including those Common Shares that are the subject of a Retention Election (the “Retained Shares”), as less than 20% of the issued and outstanding Common Shares are the subject of a Retention Election.

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