The series of operations culminating in the incorporation under the Laws of Ontario of Noranda were started in August, 1922, when claims staked by Edmund Horne in Rouyn Township, Quebec, were optioned by a syndicate formed a few months previous for the purpose of exploring promising areas, the acquirement of claims and the general development of mining properties. The Horne claims, together with a number of other properties that had been acquired developed Noranda into an outstanding copper-gold producer. Noranda went on to employ more than 32,000 people, and have assets in excess of $11.8 billion.
The series of actions leading to the incorporation under Ontario's laws of Noranda began in August, 1922, when claims claimed by Edmund Horne in Rouyn Township, Quebec, were acquired through a syndicate formed a few months earlier for exploring promising areas, acquiring claims, and developing mining properties. The Horne claims, along with several other properties that had been bought, transformed Noranda into a prominent copper-gold producer. Noranda eventually employed over 32,000 individuals and possessed assets exceeding $11.8 billion.