Storm Exploration Advances Gold Standard Project with NFN Partnership

Storm Exploration Inc., a Canadian mineral exploration company, has provided further details on its Memorandum of Understanding (MOU) with the Nigigoonsiminikaaning First Nation regarding the Gold Standard Project. Located 65 km north of Fort Frances, Ontario, the project aims to enhance exploration for gold and base metals.

The MOU facilitates ongoing consultation with NFN, offering opportunities for community involvement through employment and business development. Storm will contribute to a community fund, with payments linked to exploration costs. Additionally, Storm will issue up to 1,300,000 common shares to NFN based on exploration progress.

The Gold Standard Project, within the Manitou-Stormy Lake greenstone belt, holds promise for undiscovered resources. Historical sites have shown significant gold grades, supported by recent electromagnetic surveys revealing conductivity anomalies. The collaboration with NFN marks a significant step in the project’s exploratory phase.