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.
In August 1922, the process of incorporating Noranda under Ontario's laws commenced when Edmund Horne's claims in Rouyn Township, Quebec were acquired by a syndicate formed shortly before for exploring promising mining areas, acquiring claims, and developing properties. These Horne claims, along with other properties bought, turned Noranda into an outstanding copper-gold producer. Noranda eventually employed more than 32,000 people and had assets exceeding $11.8 billion.