Noront Resources is a TSX listed exploration company with assets in the Ring of Fire which is an emerging metals district in the James Bay Lowlands of Ontario, Canada. Since 2007 the company discovered Eagle One (Nickel, Copper, PGM), Eagle Two (Nickel), Blackbird One (Chromite), Blackbird Two (Chromite), AT12 Anomaly (Nickel, Copper) and Thunderbird (Vanadium, Magnetite). A NI 43-101 compliant resource estimate is available for the Eagle One discovery. In 2007 the Eagle One discovery was celebrated with a soaring share price. The company has further properties in Canada, Mexico, China and Europe.
Noront Resources controls more than 1.100 sq kms of exploration assets in the James Bay Lowlands, Ontario and staked further land in the area through joint ventures. The occurence of the metals is related to ultramafic intrusions and their feeder system along the margin of a granodiorite pluton. Airborne electromagnetic and gravity methods are used to identify targets for drilling.  The company reported 5 discoveries so far.
Nickel and Chrome which are the main metals identified in the current exploration state are ingredients of stainless steel. Stainless steel products are high quality materials and demand is rising with the wealth of emerging economies. 
The companies future value depends on the results of further drilling and the completion of a Bankable Feasibility Study (BFS).
Any future mining in the Ring of Fire area is going to depend on approvals and the investment in road infrastructure. Further companies are exploring within the area and any success would provide a synergy to fund infrastructure.
The companies available cash is not sufficient to establish infrastructure and a mine. Capital raising, bank loans or other funding will be required after a successful completion of a Bankable Feasibility Study.