Canada-Ontario Cooperation Agreement Implements “One Project, One Review, One Decision” Framework Governments Commit to June 2026 Federal Review Completion for Ring of Fire Roads TORONTO, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (or “Northfield”) and Juno Corp. (or “Juno”) welcome the recent announcement that Prime Minister Mark Carney and Ontario Premier Doug Ford have signed a historic Cooperation Agreement to eliminate regulatory duplication and accelerate responsib ...

Core Insights - First Atlantic Nickel Corp. has entered into agreements to acquire a 100% interest in 18 mineral licenses covering 500 mineral claims within the Bay of Islands Ophiolite Complex, branded as the "Ophiolite-X" project, which has multi-commodity potential including hydrogen, carbon capture, and various minerals [1][39] Geological and Resource Potential - The Bay of Islands Ophiolite Complex (BOIC) is recognized for its well-preserved ophiolite sequences, with significant geological features that support natural hydrogen generation and carbon capture [2][30] - A study indicates that the BOIC has a theoretical CO₂ storage capacity of 5.1 × 10 billion tonnes, equivalent to over 13 years of global CO₂ emissions based on 2022 data [5][23] - The presence of brucite, formed during serpentinization, is highlighted as the most efficient mineral for CO₂ capture, requiring only approximately 2.5 tonnes of mineral to sequester 1 tonne of CO₂ [5][21] Hydrogen Generation and Exploration - Active serpentinization within the BOIC produces dissolved hydrogen in ultrabasic springs, with conditions conducive to ongoing natural hydrogen production [3][12] - The BOIC is identified as a key area for geological hydrogen exploration, with documented occurrences of strongly alkaline and highly reducing water sources containing dissolved hydrogen [3][30] - Historical chromite occurrences in the BOIC are associated with significant hydrogen discoveries, suggesting potential for economically useful accumulations of hydrogen gas [37][38] Strategic Agreements and Future Plans - The company has entered into three agreements to expand its mineral holdings, involving the issuance of common shares as consideration and subject to net smelter returns royalties [39][40] - The exploration programs will include systematic sampling to evaluate the occurrence and distribution of awaruite, which serves as both a potential nickel-iron resource and an indicator of hydrogen generation potential [29][44]

Core Insights - Bold Ventures Inc. has announced a second landmark agreement for the development of access roads to the Ring of Fire critical mineral resources, indicating strong First Nation involvement and community support for future activities [1] - The company holds significant interests in the Ring of Fire region, which is crucial for the development of critical minerals like chromite, nickel, and copper, essential for electrification plans in Ontario and North America [5][9] Company Overview - Bold Ventures Inc. explores for Precious, Battery, and Critical Metals in Canada, focusing on properties in active gold and battery metals camps in Ontario [9] - The company has a 10% carried interest in the Black Horse Chromite deposit, which has an inferred resource of 85.9 million tonnes grading 34.5% Cr2O3 [3] - Bold also holds a 40% working interest in all other metals within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group [3] Project Developments - The environmental assessment process for all-weather road access to the Ring of Fire includes three proposed road projects: the Northern Road link, the Marten Falls Community Access Road, and the Webeque Supply Road [6] - The Black Horse deposit is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals, and the Koper Lake claims are located approximately 300 meters from the Eagle's Nest Ni-Cu Massive Sulphide Deposit [4] Industry Context - Chromite, nickel, and copper are identified as critical minerals that will significantly contribute to electrification efforts in Ontario and North America [5] - The ongoing developments in the Ring of Fire region are seen as positive for the future of critical mineral mining [5][8]

Core Insights - Northfield Capital Corporation and Juno Corp. announced a Community Partnership Agreement with Marten Falls First Nation and the Province of Ontario to advance the Marten Falls Community Access Road and community infrastructure investments, marking a significant step in developing the Ring of Fire mineral district [1][2][5] Infrastructure Development - The Marten Falls Community Access Road will provide all-season access to Marten Falls First Nation, which is currently only accessible by winter road or air, limiting development opportunities [2][3] - The Agreement allocates up to $39.5 million for community infrastructure and supports the construction of the access road [2] - The road is part of the Northern Road Link infrastructure plan, connecting key First Nations and the Ring of Fire to the provincial highway system [3] Mineral Exploration and Economic Impact - Juno Corp. holds over 5,300 square kilometers of mineral claims in the Ring of Fire, representing over 52% of the district, and has made significant discoveries in critical minerals and gold [4][9] - The development of the Ring of Fire is expected to create 70,000 new jobs in Ontario, highlighting its strategic importance for both Canadian and U.S. economies [6] Future Plans - Marten Falls First Nation plans to submit an environmental assessment for the access road by February 20, 2026, with construction aimed to start by August 2026 [5] - Immediate resource flow for urgent community priorities will begin this season via winter roads [5]