03:37:00 EST Sun 02 Nov 2025
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Northfield Capital Corp
Symbol NFD
Shares Issued 18,000,108
Close 2025-10-30 C$ 6.60
Market Cap C$ 118,800,713
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Northfield, Juno cheer Webequie-Ontario partnership

2025-10-31 15:07 ET - News Release

Mr. Robert Cudney reports

NORTHFIELD AND JUNO WELCOME HISTORIC WEBEQUIE-ONTARIO PARTNERSHIP AGREEMENT ADVANCING CRITICAL RING OF FIRE INFRASTRUCTURE

Northfield Capital Corp. and Juno Corp. welcome the announcement that Webequie First Nation and the Province of Ontario have signed a community partnership agreement to advance planning for the proposed Webequie supply road and priority community infrastructure investments. This milestone agreement represents a transformational step forward in developing the critical infrastructure necessary to unlock responsible, sustainable development of Ontario's Ring of Fire mineral district.

The proposed 107-kilometre Webequie supply road would provide reliable all-season access from Webequie First Nation to the McFaulds Lake area in the heart of the Ring of Fire. Webequie is currently accessible only by air or winter roads, significantly constraining development opportunities for both the community and the broader region. The infrastructure project has been guided by Webequie's three-tier model, Kanisso Pittawa Attayk Onakoooniskin, which protects traditional areas and ways of life while enabling equitable development.

Juno, as the largest mineral claim holder in the Ring of Fire with over 5,300 square kilometres representing over 52 per cent of the district's mineral claims, holds extensive exploration properties strategically positioned relative to the proposed infrastructure corridor. Juno's recent exploration programs resulted in three major discoveries, including the Vespa critical minerals complex (titanium/vanadium/high-purity iron/scandium/gallium) and two high-grade gold discoveries at Pluto and North Edge in the North Arm Ring of Fire.

"This community partnership agreement validates the importance of a first-nation-led, community-driven approach to infrastructure development in Northern Ontario," said Robert D. Cudney, president and chief executive officer of Northfield and chief executive officer of Juno. "Webequie First Nation has demonstrated exceptional leadership in advancing infrastructure that serves both community priorities and enables responsible resource development. The proposed Webequie supply road would transform access to one of Canada's most significant critical mineral deposits and create meaningful economic opportunities for first nations communities."

Chief Cornelius Wabasse of Webequie First Nation stated in the announcement: "As a signatory to Treaty 9, Webequie First Nation has a responsibility to uphold our rights and ensure our community is positioned for long-term health, prosperity and self-determination. This agreement with Ontario establishes an important foundation for co-operative planning, respectful decision making and meaningful participation in shaping the future of our lands and our community."

The agreement advances planning for critical infrastructure while providing new investments in priority community infrastructure and economic development initiatives. It reaffirms a government-to-government relationship grounded in mutual respect, partnership and shared benefit. The planning process is being undertaken in alignment with Webequie First Nation's approach that protects traditional areas and ways of life while guiding responsible, sustainable and equitable development.

"Northfield's investment in Juno has been premised on the strategic importance of Ring of Fire critical minerals and the recognition that infrastructure development is essential to unlocking these resources," added Mr. Cudney. "This agreement demonstrates tangible progress on the infrastructure foundation required to advance responsible mineral development in genuine partnership with first nations. We commend Webequie First Nation and the Province of Ontario for this important milestone."

The Ring of Fire mineral district in Northern Ontario contains significant discoveries of critical minerals, including titanium, vanadium, chromite, nickel, copper, platinum group elements and gold. Development of appropriate all-season road infrastructure has long been identified as essential to unlocking these resources for Canadian and North American supply chains. The district is increasingly recognized as having national strategic importance to both Canadian and United States economies, particularly for securing domestic sources of critical minerals essential to manufacturing, defence and clean energy applications.

About Northfield Capital Corp.

Northfield Capital is a publicly traded, leading Canadian investment firm with deep roots in resources, mining, aviation, and premium alcoholic beverages. Founded in 1981 by Mr. Cudney, Northfield combines decades of experience with forward-thinking strategies to unlock opportunities across its diverse portfolio. Northfield is dedicated to fostering growth and innovation in businesses that drive economic prosperity in Canada.

About Juno Corp.

Juno is a private Ontario-based exploration company and the largest mineral claim holder in the Ring of Fire. With 5,300 square kilometres of claims representing over 52 per cent of the district, Juno is at the forefront of unlocking the region's critical mineral and gold potential through innovation, collaboration and responsible exploration. The company has signed agreements with three nearby first nations communities to foster economic participation and support for local cultural and commercial activities.

Qualified person

Scott Zelligan, PGeo (PGO No. 2078), director of exploration for Juno, is considered a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical disclosure contained in this news release.

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