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Northland Resources S.A.

10:01 AM EST - Northland Resources S.A. : announced that the Company and Peab AB have signed a letter of intent to form a joint venture company that will manage the entire logistical chain, transporting the iron ore concentrate from Northland's mine in Kaunisvaara to the loading on ships in the port of Narvik. Northland Resources S.A. shares T.NAU are trading even at $2.42.