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: NAC, NUNA, NORONT (NNN)
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Interesting timing...Notice that Nuna was involved in Noront's feasibility study..

North American Construction Group Takes a Major Revenue Diversification Step With the Acquisition of Ownership Interest in Nuna Logistics

https://globenewswire.com/news-release/2018/09/20/1573541/0/en/North-American-Construction-Group-Takes-a-Major-Revenue-Diversification-Step-With-the-Acquisition-of-Ownership-Interest-in-Nuna-Logistics.html

September 20, 2018 06:00 ET | 
ACHESON, Alberta, Sept. 20, 2018 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced that it has entered into a definitive agreement to acquire a 49% ownership interest in Nuna Logistics Limited and related companies (collectively, “Nuna”), a civil construction and contract mining company based in Edmonton, Alberta, for $42.5 million in cash (the “Purchase Price”) from a group of private selling shareholders (the “Transaction”).  The majority 51% ownership interest in Nuna is held by the Kitikmeot Corporation, a wholly owned business arm of the Kitikmeot Inuit Association.

“This Transaction represents a compelling opportunity for us to continue to execute on our strategy of customer and revenue diversification, while also reducing the overall capital intensity of our business and extending our reach into what we consider to be a very attractive market,” said Martin Ferron, Chairman and CEO of NACG.  “Nuna’s revenue is entirely non-oil-sands related and they are recognized as a leading civil construction and mine services contractor in northern Canada, providing a clear strategic fit.”

The Transaction is aligned with NACG’s strategic goals, as Nuna expands end user coverage into other commodity areas (e.g. base metals, precious metals, and diamonds) and infrastructure-related projects that involve major earthworks.  .................

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From the past.

Feasibility Study Update

Noront is currently preparing an update to its 2012 Feasibility Study which is expected to be complete by the end of October. It is being prepared by Micon International based on detailed construction cost estimates provided by the companies contributing to Noront’s Eagle’s Nest project, a group of world class organizations that includes:

 

  • Cementation – Canada’s leading underground mine contractor. Responsible for underground mine development and concrete formations.
  • Kiewit – A global expert on civil, heavy duty industrial construction and management of large complex civil/mining projects. Responsible for access road construction.
  • Nuna Logistics – A leading Canadian aboriginal civil construction and logistics company. Responsible for winter road, all-season road, site roads and transportation logistics.
  • ATCO Structures and Logistics – Responsible for permanent camp and associated infrastructure.
  • AECON Group Inc. – A Canadian leader in industrial construction. Responsible for mechanical, electrical and instrumentation installation.
  • Outotec – A global leader in process plant equipment. Responsible for design and supply of the process plant equipment.
  • ABB Ltd. – Responsible for the design, supply of electrification, automation and communications systems.
  • Atlas Copco – A global leader in underground and process equipment.
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