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.

Forrest's Wyloo takes stake in Canadian nickel play Forrest's Wyloo takes stake in Canadian nickel play Forrest's Wyloo takes stake in Canadian nickel play Forrest's Wyloo takes stake in Canadian nickel play Forrest's Wyloo takes stake in Canadian nickel play

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.