Latest news with #NFN
Hamilton Spectator
02-06-2025
- Business
- Hamilton Spectator
Nipissing First Nation leads rally against Ontario's Bill 5
About 70 people gathered before MPP Vic Fedeli's office on North Bay's Main Street today to protest the province's proposed Bill 5. Nipissing First Nation (NFN) organized the event. Bill 5, the Unleashing Our Economy Act, is designed to fast-track economic development and holds many amendments to the Environmental Protection Act and the Endangered Species Act. NFN is concerned that this expedited process will reduce opportunities for consultation between the province and First Nations. 'Bill 5 is new legislation that could harm our land, weaken environmental protections, and ignore our Treaty rights. It was created without proper consultation with Indigenous peoples. This is not right and we must speak out,' NFN explained in a release. The demonstration was part of a larger day of protest, as many First Nations throughout the province took part. See: Ontario PCs to limit debate on controversial Bill 5, among other legislation NFN's Chief, Cathy Stevens, attended a rally against the Bill at Queen's Park, so she could not attend the local protest. In a statement, Chief Stevens said, 'The changes proposed in Bill 5 threaten not only our rights but our identity.' The chief continued, 'The land holds the stories of our ancestors, reaching back over 13,000 years. This Bill does not protect Ontario. It protects profit. If Ontario truly values its past and its future, it must remove these exemptions and work with First Nations to protect what cannot be replaced.' Vic Fedeli, the Minister of Economic Development, was not at his North Bay office this morning. However, in an email to BayToday, Fedeli emphasized the importance of Bill 5 to keep Ontario competitive. He wrote, 'Now more than ever, it is important for Ontario to remain competitive in the global race to attract and maintain job-creating investments. If projects are going to take ten years to get shovels in the ground, Ontario will lose out on billions of dollars of new investment to other jurisdictions.' Fedeli continued, 'The proposed legislation is about unlocking Ontario's true economic potential, not overriding Indigenous rights, environmental safeguards, or existing labour laws.' See: Ford government's plan for 'Indigenous-led' zones under Bill 5 'too late,' leaders say Cameron Welch, the Director of Lands, Natural Resources, and Economic Development for NFN, is concerned that unlocking that economic potential will come at great cost to the environment, and relations between the province and First Nations. Welch said, given the current climate with tariff threats from the US, 'I'm concerned the provincial government is using some of that uncertainty and people's anxiousness to really gut important safeguards in provincial legislation.' 'I wonder if they are using this [economic] uncertainty, and these difficult times to advance their own interests, at the expense of not only the environment but also the Treaty relationship,' Welch added. For Welch, the danger of Bill 5 is that it creates special economic zones, 'And within these zones, as we understand it, the safeguards in terms of calling for environmental review, and all of those pieces that go along with project approval, will be essentially removed.' If those zones are created, 'At what stage during that process does the consultation and accommodation of Indigenous rights come in? We're concerned that this might strike at the very basis of the Treaty arrangement, where you have one side of the Treaty unilaterally declaring we're going to go ahead with this project.' Yvette Bellefeuille, an NFN councillor, agreed with Welch that the province is taking advantage of an opportunity. 'They are overreaching. They're not including consultations with First Nations in the development of this Bill, and it impacts them. A lot of the lands the Ontario Government is trying to grab is First Nation land.' David Briggs is a Local Journalism Initiative reporter who works out of BayToday, a publication of Village Media. The Local Journalism Initiative is funded by the Government of Canada. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Associated Press
22-05-2025
- Business
- Associated Press
Storm Exploration MOU with Nigigoonsiminikaaning First Nation
VANCOUVER, BC / ACCESS Newswire / May 22, 2025 / Storm Exploration Inc. (TSX-V:STRM) ('Storm' or the 'Company') announced today that, further to its news release dated November 6, 2023, the Company is providing additional details regarding its Memorandum Of Understanding ('MOU') signed on October 27th, 2023 with the Nigigoonsiminikaaning First Nation (the 'NFN') concerning the Company's Gold Standard Project (the 'Project') located 65 km north of the community of Fort Frances in northwestern Ontario. 'Storm is pleased to be working with the Nigigoonsiminikaaning on the exploration and development of the Gold Standard Project,' said Storm's President and CEO, Bruce Counts. 'With this agreement in place, Storm is in a position to plan a drill program to test the large VMS target identified on the project.' The MOU establishes a framework for ongoing consultation with the NFN and provides the community with an opportunity to participate in the project through employment, training, and business development. Under the terms of the MOU, the Company will make quarterly contributions to a community fund established by the NFN in an amount that is proportional to its exploration expenditures on the Project during the duration of the MOU as follows: In addition, the Company will issue an aggregate of 1,300,000 common shares of Storm (each, a 'Share') to the NFN, subject to the Company conducting exploration activities on the Project, as follows: Gold Standard Project The Gold Standard is located within the Manitou-Stormy Lake greenstone belt and is prospective for gold and base metals. The property hosts three historical small-scale gold mining operations that date from 1901 to 1903. These gold showings have seen little modern exploration and have never been tested with drilling. In 2022, Storm confirmed the high-grade nature of the old workings with grab samples that returned grades up to 166 g/t Au ( see Storm news release dated 27-Sep-2022 ). A property-wide airborne electromagnetic survey conducted by Storm in October of 2022 identified a large conductivity anomaly with a strike length of more than five kilometres (see Figure 1) and occurs in host rocks that are often associated with Volcanogenic Massive Sulphide ('VMS') mineralization. This is supported by copper and zinc mineralization noted in shallow historical drill holes completed between 1969 and 1971 ( see Storm news release dated 8-Feb-2023 ). It is important to note that no assays were reported for the historical drill holes and that all were less than 30m deep, suggesting that the potential for discovery at Gold Standard remains strong. The road-accessible Gold Standard Project comprises 284 mineral claims covering 6,016 and is located 65 km north of Fort Frances, Ontario. The project lies within the traditional territory of the Naicatchewenin and Nigigoonsiminikaaning First Nations. Figure 1: Gold Standard Project Mineral Deposit Inventory of Ontario Qualified Person The technical contents of this news release have been reviewed and approved by Bruce Counts, P. Geo., President and CEO of Storm Exploration Inc. and Qualified Person under National Instrument 43-101. About Storm Exploration Inc. Storm Exploration is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard. Forward Looking Information This news release includes certain information that may constitute 'forward-looking information' under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to: the cash and share payments under the MOU, exploration costs incurred and the Company's planned exploration activities. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the Company's exploration activities on the Project and failure of the Company to have sufficient funds to make the payments required under the MOU. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. For further information, please contact: Storm Exploration Inc. +1 (604) 506-2804 [email protected] SOURCE: Storm Exploration Inc. press release
Yahoo
28-01-2025
- Business
- Yahoo
Shareholders in NFON (ETR:NFN) are in the red if they invested three years ago
The truth is that if you invest for long enough, you're going to end up with some losing stocks. But the last three years have been particularly tough on longer term NFON AG (ETR:NFN) shareholders. Sadly for them, the share price is down 65% in that time. And the share price decline continued over the last week, dropping some 8.5%. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. See our latest analysis for NFON While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). NFON became profitable within the last five years. We would usually expect to see the share price rise as a result. So given the share price is down it's worth checking some other metrics too. Revenue is actually up 3.8% over the three years, so the share price drop doesn't seem to hinge on revenue, either. This analysis is just perfunctory, but it might be worth researching NFON more closely, as sometimes stocks fall unfairly. This could present an opportunity. You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). We know that NFON has improved its bottom line over the last three years, but what does the future have in store? If you are thinking of buying or selling NFON stock, you should check out this FREE detailed report on its balance sheet. While the broader market gained around 16% in the last year, NFON shareholders lost 9.7%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 9% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example - NFON has 1 warning sign we think you should be aware of. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
