Diversified Mining | Canada
Noront Resources Ltd has cleared the Business screen. Its business activity is compliant with the Shariah standard. If you find this result mistaken or questionable, let us know in the comments.
The financials pass two standards and fail in one.
Total Analysts: 0
1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL
|Dividends per Share|
Noront Resources Ltd. is a Canada-based mining company that is involved in the exploration, development and acquisition of properties prospective in base and precious metals, including nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The Company’s assets consist of its flagship Eagle’s Nest nickel-copper-platinum-palladium deposit, deposits of high grade chromite and copper-zinc volcanic massive sulphide (VMS) deposits which are part of the Company’s McFauld’s Lake Project. The assets are located primarily in Ring of Fire (ROF) in the James Bay Lowlands, Ontario. Eagle’s Nest is the Company’s most advanced mining project in the ROF. The Company holds a 75% interest in the Butler and Sanderson Properties located in the ROF. The Company also holds 100% interest in Blackbird chromite discovery, which is located less than one kilometers from Eagle’s Nest. Its Black Thor chromite deposit is located eight kilometers to the northeast of Eagle’s Nest.
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