TORONTO (miningweekly.com) – Project development junior Noront Resources on Monday said the board had appointed Paul Parisotto to act as interim president and CEO following Wes Hanson’s resignation.
The company added that Ted Bassett was appointed lead director during the period of Parisotto's interim appointments.
"On behalf of the board of directors, I would like to thank Wes for his efforts and dedication at Noront over the past three years and, in particular, for leading the completion of a positive feasibility study in September 2012 of our Eagle's Nest project in the Ring of Fire.
“This puts the company in a good position as it transitions into development with a focus on the financing and development of the project and related infrastructure,” Parisotto said.
Hanson would be available to assist the company as a consultant as it moves forward with developing the Eagle's Nest nickel/copper/platinum/palladium deposit and the high-grade Blackbird chromite deposit, both of which are located in the James Bay Lowlands of Ontario, in an emerging metals camp known as the Ring of Fire.
The company’s stock rose 1.61% on the TSX-V to 31.5 Canadian cents apiece on Monday.