JUNO cleared to drill Ring of Fire

inclusive working relationships with nearby First Nations communities and has signed Memorandum of Understanding Agreements with Webequie First Nation and Kasabonika Lake First Nation.

At the time of the signing of the MoU with Webequie, Chief Cornelius Wabasse stated: “This MoU is an economic milestone for our First Nation members. We are a community that believes in self-determination and pursuing collaborative alliances with the right government and business partners.”

“This MoU brings us one step closer to securing new employment, training, business prospects and ongoing consultations as mining develops in our traditional territory.”

By Kevin Vincent

Ontario’s largest claimholder has the green light to start drilling in the Ring of Fire. Uniquely endowed, with many of the world’s critical minerals, the Ring of Fire is one of the last remaining large, under-explored, multi-commodity geological structures in the world.

On June 30th the Ontario Ministry of the Environment issued the proposed early exploration permit to the privately-held company. The company’s mining activities are approximately 550 kilometres North of Thunder Bay.

The permit will allow the company to conduct traditional mechanized drilling.

The exploration permit was issued once all Indigenous communities and the public had the opportunity to provide comment or raise their concerns.

In January 2020, Juno applied to the Ministry of Energy, Northern Development and Mines for two drilling permits. Both targets were approximately 250 kilometres west of Attawapiskat and the community objected. They took the company to court and eventually lost the case to prevent the drilling.

The Exploration Permit duration will be up to 3 years with the possibility of renewal.

Juno believes the claims have significant potential to host additional deposits, as well as deposits of vanadium-titanium, gold, diamonds and rare earths.

Entering 2023, Juno had approximately CAD$9 million in its treasury.

Over the past several years, Juno accumulated vast mineral land holdings in the Ring of Fire by acquisitions from junior mining companies and staking crown land. It is the largest mineral claimholder in the Ring of Fire with approximately 16,500 mineral claims covering 3,200 square kilometers, or approximately 62% of the mineral claims in the region.

Juno has established what it believes to be respectful and

“Moving forward, the MoU formalizes collaborations and strengthens the existing relationship between the First Nation and Juno Corp. at both the strategic and working level. The agreement includes commitments to regular meetings; the establishment of a working group committee; support for local cultural activities, and cooperation measures to mitigate any impacts from exploration activities on traditional lands,” Chief Wabasse added.

“Juno Corp. is committed to reigniting exploration to unlock the tremendous economic potential of the Ring of Fire for the benefit of First Nations and the mineral industry in support of a green economy,” Juno’s President Jacob McKinnon said. The sites are isolated, and the exploration activity will be temporary.

Juno is a private battery and electric metals explorer with vast mineral land holdings in the Ring of Fire.

With over 16,500 mineral claims covering 3,200 square km, Juno is the largest mineral claim holder in both the Ring of Fire and the Province of Ontario.

Juno is led by two successful Canadian mining leaders, Terry MacGibbon and Robert Cudney, who have assembled an exploration team responsible for the discovery of 17 significant ore bodies. With proven management, ESG, and exploration teams, Juno’s objective is to be the leading discoverer of battery and EV metals in the region.

Juno Corp. is a private corporation with a calculated market capitalization of approximately CAD$40 million.

Juno added Terry MacGibbon this year as Executive Chairman and Rob Cudney is Founder and CEO.