"The gross proceeds from the Offering will be used to continue exploration efforts in the highly prospective Ring of Fire property that Noront has assembled. The proceeds will fund Canadian Exploration Expenses ("CEE"), with the company to use best efforts to qualify such CEE as "flow-through mining expenditures".

can we assume based on the above..that things are progressing ..better..based on the threat below:

http://www.netnewsledger.com/2015/11/05/fiery-exchanges-in-question-period-over-ring-of-fire/

Mantha called on the Minister to take immediate action and commit to investing in the Ring of Fire.

“Noront is expected to halt spending by year’s end if it doesn’t see any progress, causing to lay off most all of their workers. You had eight years, Minister. You failed to come up with a plan that will create good jobs, build infrastructure, reduce the high price of electricity and work with First Nations. Minister, will your government take action now before Noront’s investors bail and you are responsible for killing a 60 billion dollar project?” Mantha asked.

- See more at: http://www.netnewsledger.com/2015/11/05/fiery-exchanges-in-question-period-over-ring-of-fire/#sthash.fxXyxXeI.dpuf