Some peace offering from Wyloo to Noront.....

"Noront selected Sault Ste. Marie in 2019 is its preferred location for a ferrochrome plant, settling on a brownfield site at Algoma Steel.

Giacovazzi said it would be "silly" to turf Noront's due diligence work and start from scratch.

"We'll definitely try to build on that. We have deep respect for (Noront CEO) Al (Coutts) and his team. They're very smart guys. We respect the work that's been done."

As for the future of Noront CEO Alan Coutts, chief development officer Steve Flewelling and the management team, Giacovazzi said it's Wyloo management's preference to keep that group together.

"It's a decision for Al and Steve to make. We'd like to have them continue with us. They've been there for a long time. It would be wonderful (for them) to see the project through. I think it would mean a lot to them."