HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Bank of Japan, Munich Re

Yesterday something I saw in timminstoday .. brought back this Ontario News NR from 9 days ago (see below after post)

https://www.timminstoday.com/local-news/great-lakes-port-swayed-noront-in-picking-sault-for-ferrochrome-plant-1434922

It was the reference to Japan..

"Coutts said other sources of project financing are Resource Capital Funds, Noront's largest shareholder, and possibly from offshore through strategic partnerships and ferrochrome offtake agreements with Asian interests, such as in Japan."

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I am thinking in terms of offtake for the nickel with Japan..

 

when I look at the NR from 9 days ago it was the mention of Bank of Japan and Munich RE: that had me thinking

It has to do with a previous post I did:

https://agoracom.com/ir/Noront/forums/discussion/topics/714535-you-wanted-reading-luker

And it was another thought in regards to batteries, especially when I saw Ford's visit to  Munich Re 

 

The 2nd largest battery manufacturer in the world is Panasonic in Japan.

Last year...statement by sumitomo..

https://www.reuters.com/article/us-sumitomo-mtl-min-strategy/japans-sumitomo-to-focus-on-battery-material-supply-to-panasonic-toyota-idUSKCN1LT1SN

 

and this recent NR from Ontario news and Toyota

https://www.cbc.ca/news/business/toyota-canada-plant-1.5113348

 

Toyota will soon build a new vehicle in Canada, adding the Lexus NX luxury SUV to its Ontario assembly plants as of 2022....

A new assembly line at the Cambridge facility will be added to build the new vehicle starting in three years. Both a gas and gas-electric hybrid will be produced at the site.

 

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And here is an NR from Munich RE: from March of this year:

7 March 2019 | Reinsurance

Media Information

Battery performance now insurable – Innovative Munich Re coverage paves the way for renewable energy

Peter Röder, Member of the Board of Management at Munich Re: “The ability to insure battery performance is a key piece of the puzzle in decarbonising our energy sector. For the first time, battery manufacturers can insure against the risk of their products not delivering as promised. With this new coverage, Munich Re has again demonstrated its pioneering role in the insurance of climate-friendly technology.”

  • World’s first long-term insurance for battery performance
  • Munich Re covers manufacturer performance warranties for 10 years
  • US battery manufacturer ESS Inc. is first customer

Munich Re is the world’s first insurer to offer a product that covers battery performance. The product allows manufacturers in the booming battery market to offer long-term performance guarantees – whose value is backed by the insurance coverage.

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Are we going to be supplying someone stuff for making EV batteries? Where will the batteries be made. When I see Panasonic I think of Vale. And noront is thinking of processing the nickel in Sudbury?

 

News Release

Ontario Concludes Successful Post-Budget Visit to New York City

April 30, 2019

Premier Ford and Minister Fedeli showcase Ontario as a place to do business

NEW YORK CITY — Today, Premier Doug Ford and Minister of Finance Vic Fedeli wrapped their first post-Budget mission to New York City.

Over two days, Ford and Fedeli met with business leaders and investors to reaffirm the government's commitment to making Ontario open for business and open for jobs. 

"Our government's first budget is focused on what matters to the people of Ontario. We're protecting what matters most and stimulating job growth, while bringing the province back to balance, responsibly," said Ford. "Working with our American partners is another way we're delivering on our plan to bring good jobs and new investments back home to Ontario."

Ford and Fedeli showcased Ontario's competitive advantages as a destination of choice for private sector investment. Highlights of the tour included meetings with decision-makers from: Cognizant, Clarifai, Information Builders, Candid, Wayfair, Droice Labs, Weight Watchers, NBC Universal, the Bank of Japan, Munich Re and MKP Capital Management.

"This month, our government delivered a budget that sends a clear message to the world — we are serious about fiscal sustainability and we are committed to creating a pro-jobs and a pro-growth environment in Ontario," said Fedeli. "These are the promises we made to Ontarians and our government's plan will deliver on those promises."

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