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Noront Resources and Aroland First Nation Sign Memorandum of Understanding – Mining & Energy

by ahnationtalk on June 13, 201916 Views

June 13, 2019

Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) and Aroland First Nation are pleased to announce the signing of a Memorandum of Understanding (MOU) between the two parties to advance the planning process for the development of the Eagle’s Nest nickel-copper-platinum-palladium deposit in the Ring of Fire.

The signing of the MOU will formalize the relationship between the parties including the establishment of an ongoing working and communication protocol and the initiation of dialogue regarding mutually beneficial economic development opportunities. The MOU will also result in Aroland becoming a shareholder of Noront with the issuance of 150,000 shares in the Company to the First Nation, subject to TSX Venture Exchange approval.

Read More: http://www.miningandenergy.ca/mininginsider/article/noront_resources_and_aroland_first_nation_sign_memorandum_of_understanding/

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