Base Metals

As part of its long-term investment strategy in the Ring of Fire, Wyloo Metals Pty Ltd ("Wyloo Metals") is committed to developing a sustainable and world-class Future Metals Hub in Ontario that will create new industry and employment opportunities across the region.

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

This announcement follows Wyloo Metals' statement on Tuesday, May 25, 2021 regarding its intention to make an offer to acquire all of the outstanding common shares of Noront Resources Ltd. (TSXV:NOT) ("Noront") that it does not currently own.

Through the Future Metals Hub, Wyloo Metals intends to invest directly into local businesses, create training and employment pathways, and support world-leading sustainable mining technology. It will be centered on the following key commitments:

  1. Developing Eagle's Nest as net zero emissions mine

    • Through sustainable processes and technology, Wyloo Metals intends to minimize its carbon footprint and environmental impact while lowering overall energy consumption and improving the efficiency of its operations.
    • Wyloo Metals embraces the consensus of the global scientific community on the importance of decarbonization and supports the Paris Agreement goal of limiting global temperature increase to below 2° Celsius.
    • Our commitment to achieving net zero carbon emissions will be achieved through the implementation of innovative and practical emissions reduction initiatives.
  2. Committing C$25 million toward feasibility studies to investigate the potential for battery material production in Ontario

    • Wyloo Metals will investigate the potential to produce in Ontario the chemical products for the emerging battery market, creating a local battery materials supply chain, and the potential construction of a new ferrochrome plant.
    • Exporting a higher-value product will maximize the proportion of Canada's precious mineral value that is retained within the country.
  3. Targeting C$100 million in contract awards to First Nations businesses

    • Wyloo Metals intends to provide opportunities for First Nations businesses to further develop their capabilities and support their participation in the economic benefits provided by the Ring of Fire development.
    • In addition to direct contract awards, Wyloo Metals intends to assist First Nations businesses with access to capital and practical support to create further employment and development opportunities.
  4. Creating and sustaining Northern Ontario and First Nations' employment opportunities

    • Wyloo Metals proposes to establish a Training and Employment Centre that guarantees employment for trainees that successfully complete training.
    • The Training and Employment Centre has the potential to empower regional and First Nations communities by providing skill development and job opportunities, thereby retaining the employment benefits associated with mining projects in Northern Ontario.

Head of Wyloo Metals, Luca Giacovazzi, said the commitments reinforce Wyloo Metals' belief in Canada's long-term potential to be a globally relevant producer of reliable and responsibly sourced battery metals.

"These commitments, alongside our recent offer for Noront Resources, reflect Wyloo Metals' strategy of long-term investment into Canada," Mr. Giacovazzi said.

"Canada has a once-in-a-generation opportunity to establish itself as a major player in the new economy. Our proposed Future Metals Hub provides the cornerstone for a globally relevant battery material supply chain in Canada, while creating economic opportunities for local communities to thrive."


Wyloo Metals is the metals and mining subsidiary of Tattarang, one of Australia's largest private investment groups. Led by a multidisciplinary team of geologists, engineers and financial professionals, Wyloo Metals manages a diverse portfolio of exploration and development projects and cornerstone interests in a number of public and private companies. Wyloo Metals seeks to work closely with all stakeholders to accelerate projects through the development cycle while meeting the highest international environmental, social and governance standards. See more at: .


Some of the statements in this press release may be forward looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties, including the successful completion of Wyloo Metals acquisition of Noront. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Wyloo Metals does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore in no case whatsoever will Wyloo Metals and its affiliate companies be liable to anyone for any decision made or action take in connection with the information and/or statements in this press release or for any related damages.

Andrew Bennett David Ellis
M +61 427 782 503 M 416 704 0937
P +61 8 6460 4949 P 416 907 2126

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

Auroch Minerals

Rare Earths Exploration Commences At Arden

Auroch Minerals (ASX:AOU) (Aurochor the Company) is pleased to announce that exploration has commenced at the Arden Zinc-Copper Project (Arden, Auroch Minerals 90%) in South Australia to investigate the potential for the project to host Rare Earth Elements (REE) mineralisation.

Keep reading...Show less
Tartisan Nickel

Tartisan Nickel Corp. Announces Intention to Commence Normal Course Issuer Bid to Repurchase up to 5% of Its Common Shares

Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") announces its intention to commence a normal course issuer bid ("NCIB"), under which the Company may purchase up to 5,446,125 of the Company's common shares, representing approximately 5% of the issued and outstanding common shares of the Company.

Tartisan is commencing the "NCIB" because the Company's management believes that the underlying value of the Kenbridge Nickel Project which has a Mineral Resource Estimate and Preliminary Economic Assessment, along with the Company's assets as a whole, are not adequately reflected in the market price of Tartisan's common shares. Tartisan Nickel Corp. believes that the repurchase of its common shares for cancellation represents an appropriate use of the Company's financial resources and will enhance shareholder value.

Keep reading...Show less

Talon Metals Reports Results for the Quarter Ended June 30, 2022

Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended June 30, 2022 of $0.1 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation offset by foreign currency gains. This compares to a net loss for the three months ended June 30, 2021 of $2.2 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation.

Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended June 30, 2022 amounted to $11.8 million. This compares to $7.7 million for the three months ended June 30, 2021. The total capitalized exploration cost to the Tamarack Nickel-Copper-Cobalt Project to June 30, 2022 amounts to $128.7 million.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Horizonte Minerals PLC Announces Interim Results Six Months Ended 30 June 2022

Horizonte Minerals Plc (AIM:HZM, TSX:HZM), the nickel development company with assets in Brazil, announces it has today published its unaudited financial results for the six-month period to 30 June 2022 and the Management Discussion and Analysis for the same period. Both aforementioned documents have been posted on the Company's website and are also available on SEDAR at

Highlights for the period:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

US EV Batterysupply Chain: Talon Metals Acquires Exploration Rights from Sweetwater Royalties to Explore Historic Henry Ford Land Package in Michigan

400,000 Acre Land Package in a Highly Prospective Nickel District, Currently Host to the Only Operating High-Grade Nickel Mine in the USA

Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) ("Talon" or the "Company") is pleased to announce that it has entered into an option and earn-in agreement (the "Option Agreement") with UPX Minerals Inc. (a wholly-owned subsidiary of Sweetwater Royalties) ("UPX") to acquire up to an 80% ownership interest in the mineral rights over a land package comprised of approximately 400,000 acres located in the Upper Peninsula of the State of Michigan (the "Michigan Nickel Properties"). This land package covers a highly prospective terrain within 1.7 miles (2.8km) of the high-grade Eagle Nickel Mine (the only active nickel mine in the USA today) and is only 0.4 miles (0.6km) from the Humboldt Mill (the concentrator which currently processes the raw nickel ore that is trucked from the Eagle Nickel Mine). The deal comes with a very large high quality geophysical data package and access to historic drill core that contain multiple high-grade nickel intercepts up to 7.4% Ni (i.e., similar grades to the Company's Tamarack Nickel Project in Minnesota, USA). The land package was originally assembled by Henry Ford and owned for approximately 70 years by the Ford Motor Company.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Auroch Minerals

Saints Nickel Project – Resource Update

Auroch Minerals Limited (ASX:AOU) (Auroch or the Company) is pleased to announce that a new Mineral Resource Estimate has been completed for the Saints Nickel Project (Saints; Auroch Minerals 100%) in Western Australia.

Keep reading...Show less

Latest Press Releases

Related News