The Ring of Fire: An abundance of metals, few juniors

Date:

Aerial view of lake in Ring of Fire, Ontario. Stock image.

Northern Ontario Business calls the Ring of Fire “the garden of agony” for mining companies ever since the discovery of nickel and chromite in the James Bay region in 2007-08:

Over the decades, the vast and open-ended mineral potential of the remote Ring of Fire has received its share of passionate lip service from Ottawa and Queen’s Park.

But these two orders of government have also contributed to the lack of Far North development through apathy and inaction, arduous assessment processes, and diverging policies over how — or even if — resource extraction should take place in the James Bay lowlands. 

The sclerotic pace of development though could be quickening, thanks to a change of federal government, new initiatives from the Doug Ford-led provincial government, and progress on roadbuilding that is being headed up by local First…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...