HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: From today's Fall economic update

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Enhancing the Transmission Grid: Connecting Northern Remote Communities and Building the East-West Tie 


Twenty‐five remote First Nation communities in Northwestern Ontario have been historically reliant  on local diesel generation for electricity.
Wataynikaneyap Power LP (Wataynikaneyap Power), a licensed transmission company, is a  partnership between the First Nation Limited Partnership (FNLP), comprising 24 First Nations with  majority ownership, and Fortis (WP) LP. The Province designated Wataynikaneyap Power to  connect 16 remote First Nation communities to the provincial grid, which would increase electricity  reliability and support economic growth. As announced in July, the Province, Wataynikaneyap  Power and the federal government signed agreements under which the federal government is to  provide about $1.6 billion in funding for the project as it is completed. Interim financing of about  $1.3 billion is to be provided by the Province. 


NextBridge Infrastructure held the ground breaking for the East‐West Tie (EWT) Transmission  Project in Northern Ontario on October 2, 2019. The 450 kilometre transmission line will support  job creation, enhance reliability, improve the flow of cheaper and lower‐emission energy, and add the capacity needed for major regional development projects like the Wataynikaneyap Power grid  connection project and the Ring of Fire.

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