Noront Initiates Co-Ordinated Environmental Assessment Review Process In The Ring Of Fire

Noront Resources Ltd. submitted a draft environmental assessment report (the "Report") for its project located in Northern Ontario's Ring of Fire (the "Eagles Nest Project"). The Report responds to a federal-provincial co-ordinated environmental assessment process, governed by the Ontario Environmental Assessment Act ("EAA") and former Canadian Environmental Assessment Act ("CEAA"). The assessment process is intended to identify, mitigate, and possibly prevent negative effects that designated projects may have on the surrounding environment. For the Eagles Nest Project to proceed, federal and provincial governments must approve it. If the project is approved, Noront expects commercial production at Eagles Nest by 2017/2018.