About our long-term investment in Noront Resources

Wyloo Metals’ vision is to produce the metals needed for a truly sustainable future.

As part of this vision, Wyloo Metals has announced our intention to expand our current investment in Canadian-based nickel mining company Noront Resources through an offer to acquire all remaining shares not currently held by Wyloo Metals.

Noront is a Canadian listed mining company with several assets, including the high-grade Eagle’s Nest nickel project in the Ring of Fire, an emerging multi-metals region located in the James Bay Lowlands of Northern Ontario.

Eagle’s Nest is the largest high-grade nickel discovery in Canada since Voisey’s Bay and we believe it can to support the discovery and development of the next generation of mines required to meet the growing demand of critical materials needed to power the decarbonisation of the global economy.

Ring of Fire

Photo Credit: Tanya Talaga/Toronto Star via Getty Images.

Our commitment to a world-class Future Metals Hub

Wyloo Metals is committed to accelerating the development of the Ring of Fire. But for us, this is just the beginning. We’re dedicated to going above and beyond by investing throughout the region, partnering with First Nation communities and creating long-lasting, intergenerational value from this world-class opportunity.

The proposed Future Metals Hub will be developed in consultation with regional and First Nations stakeholders to create battery material supply chain capabilities that maximize and retain the value generated from resource development within Ontario.

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1. DEVELOP EAGLE’S NEST AS A NET ZERO EMISSIONS MINE

Reduce our impact on the environment through innovative thinking, sustainable processes and technology.

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2. COMMIT $25 MILLION TOWARD FEASIBILITY STUDIES INVESTIGATING POTENTIAL FOR BATTERY MATERIAL PRODUCTION IN ONTARIO

Extract as much value as possible from Canada’s precious minerals.

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3. TARGET AWARDING $100 MILLION IN CONTRACTS TO FIRST NATION BUSINESSES

Provide opportunities for First Nations businesses and support their participation in the economic benefits provided by the Ring of Fire development.

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4. CREATE AND SUSTAIN NORTHERN ONTARIO AND FIRST NATIONS EMPLOYMENT OPPORTUNITIES

Establishment of a training and employment centre, that guarantees employment for trainees that successfully complete training.

The case for long-term, sustainable Investment into Canada

With a rich endowment of natural resources, access to global markets and supportive policy, Canada has enormous potential as a long-term supplier of the materials needed to power the decarbonisation of the global economy.

Wyloo is committed to sustainable investment to maximize the value generated from resources developments, and retain those benefits domestically. Our ongoing success is dependent upon maintaining our social license to operate and the support of our many stakeholders, particularly our host communities and First Nation custodians.

“We believe the Ring of Fire can become a globally relevant supplier of battery metals, while also creating economic opportunities that will enable local communities to thrive.”

Luca Giacovazzi, Head of Wyloo Metals