TORONTO, Dec 18, 2020 (GLOBE NEWSWIRE) – Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) announced today that the board of directors of Noront has granted 923,815 restricted stock units (RSUs) convertible into common shares of the Company six months after the grant date, i.e. June 18, 2021. RSUs have been granted to various directors, officers and members of management in accordance with Noront’s stock grant plan and will be used to compensate, induce and retain the principal members of the board of directors, officers and the management team.
The issuance of RSUs is subject to all applicable regulatory and exchange approvals.
About Noront Resources
Noront Resources Ltd. is focused on the development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and world-class chromite deposits including Blackbird, Black Thor and Big Daddy, all located in the lowlands of the James Bay of Ontario in a new metallurgical camp known as the Ring of Fire. www.norontresources.com
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