Perhaps a little foreshadowing to a symbiotic relationship?
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Their exploration work in the Ring of Fire hasn’t been lost on the owners of the Outokumpu mine and mill complex in Finland, one of the biggest producers in the ferrochrome space.
The Finnish company ships a portion of its Scandinavian production to its stainless steel rolling mill in Alabama.
Given Noront’s advantageous position, Coutts said a discussion has started about possibly feeding Ontario-processed ferrochrome into that plant, allowing Outokumpu to focus solely on the European market.
Potentially, those same customers could come aboard as strategic partners to help Noront bankroll their developments. Coutts said those talks have taken place but nothing at an advanced level.