CAPITAL MARKETS

Forrest's Wyloo takes stake in Canadian nickel play

ANDREW Forrest's Wyloo Metals has agreed to acquire a 22.65% stake in Canada’s Noront Resources by making a cornerstone investment that could help accelerate the development of northern Ontario’s so-called ‘Ring of Fire’ (RoF) nickel-chromite mining camp.

Staff reporter

Noront conducting field work in the Ring of Fire

Noront conducting field work in the Ring of Fire

Wyloo, a subsidiary of Tattarang, Forrest's private investment vehicle, will acquire Resource Capital Funds (RCF) and affiliates' interest for US$11.5 million, comprising about 95 million Noront shares...

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