Noront Resources Announces Director Resignation

TORONTO, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) announced today that Gregory Honig, Director of Origination, Canada, Resource Capital Funds (“RCF”) has resigned from the Company’s Board of Directors.   

Mr. Honig’s resignation follows the recently announced agreement that will result in the sale of Resource Capital Fund V L.P.’s beneficial equity and debt interests in Noront Resources to Wyloo Metals Pty Ltd.

Noront Chairman Paul Parisotto said, “On behalf of the Noront Board of Directors and Management team, I would like to thank Mr. Honig for his service and extend our appreciation to RCF which was a cornerstone investor in Noront for many years. Their confidence in us and their support was invaluable in helping us advance our projects in the Ring of Fire.”