Wyloo Metals announced yesterday that Ring of Fire Metals is the new name for its Canada-based business, as activity recommences in Northern Ontario's Ring of Fire region.
Wyloo Metals CEO Luca Giacovazzi said the name and branding was chosen to reflect the unique culture of the organisation, while also paying homage to its Canadian roots and the region's history.
"We highly value the rich history associated with the Ring of Fire region, the importance of the region to Canada's critical minerals future, and all that Noront Resources had achieved before we came on board," he said.
"Although we are Australian owned, we feel strongly about building on the company's Canadian roots and growing Ring of Fire Metals to deliver jobs, business opportunities and economic development for Indigenous communities, Ontario and Canada more broadly.
"Ontario has a once-in-a-generation opportunity to become a world-leading hub for the production of the critical minerals the world needs to de-carbonize and we want to play our part in connecting the minerals in the north with the manufacturing might in the south.
"Ring of Fire Metals reflects the grit, determination, and unwavering commitment to sustainable mining, and to giving back to local communities, that will help us achieve this goal."
The new company name coincides with the resumption of activity at the Eagle's Nest project, as well as broader exploration work across the region.
"Eagle's Nest is one of the highest-grade nickel-copper-platinum-palladium deposits in the world, and we're also very excited about the potential of our other mineral opportunities across the Ring of Fire region," said Stephen Flewelling, Acting CEO, Ring of Fire Metals.
"We are currently drilling to gather detailed structural data at Eagle's Nest so we can finalize infrastructure planning for the mine's development.
"In parallel, we are refreshing the Eagle's Nest mining, metallurgical and infrastructure studies and assessing how our operations can be tied into Ontario's first battery metals plant.
"We are also conducting a diamond drill program on a number of our nickel targets, ground and airborne geophysical surveys over several of our 70 plus regional nickel targets and are collecting soil samples across other major structures.
"Moving forward, we plan to keep the site open year-round and the next milestone on the exploration front is to finalize the scope of our winter exploration campaign."
