Noront has lots of chromite. The Globe and Mail, March 23,...

Noront has lots of chromite.

The Globe and Mail, March 23, 2015:
Cliffs Natural Resources completes costly exit from Ontario’s Ring of Fire

"U.S.-based Cliffs Natural Resources Inc. is set to sell its Ring of Fire assets to a small Canadian company for a fraction of the cost, a bitter end to the American miner's foray into Northern Ontario.

Noront Resources Ltd. will pay $20-million (U.S.) cash for Cliffs' chromite deposits, less than four per cent of the $550-million Cliffs paid to acquire and develop the properties.

The deal will give Noront control over the major discoveries in the Ring of Fire, a large crescent of chromite and other minerals in Northern Ontario that the government suggested had an economic value of as much as $60-billion during the commodity boom."