Ring of Fire development advances as Noront Resources signs MOU with Aroland First Nation | CBC News
The Ring of Fire is a mineral-rich area in the James Bay lowlands, about 575 kilometres northeast of Thunder Bay, Ont.
The MOU will not only formalize the relationship between the company and the community, but will create and establish an ongoing working and communication protocol to develop mutually beneficial economic opportunities, the company said.
Aroland First Nation will also receive 150,000 shares issued by the company, subject to TSX approval.