|Exchange:||American Stock Exchange|
|Stock:||North American Palladium, Ltd.|
|Industry:||Industrial Metals & Minerals|
|North American Palladium Ltd. is domiciled in Canada and was incorporated on September 12, 1991 under the Canadian Business Corporations Act. It produces precious metals The Company's principal properties are the Lac des Iles property (including the Lac des Iles mine and mill complex) The Company also owns the Vezza gold mine and Sleeping Giant mill located north of Val D’or, Quebec. The Company’s other Québec-based properties consist of Discovery, Flordin, Cameron Shear, Florence, Laflamme, Dormex and Harricana. The Company has two wholly-owned subsidiaries: Lac des Iles Mines Ltd. (‘LDI’) and NAP Quebec Mines Ltd. (‘NAP Quebec’). LDI is the sole owner of Lac des Iles property. NAP Quebec owns various other gold properties located in Quebec, including the Sleeping Giant mine and mill, the Flordin property, the Discovery project, and the Dormex property. Palladium is typically produced as a by-product metal from platinum mines. Palladium is categorized as a precious metal, along with gold, silver and platinum. Palladium is used in the manufacture of catalytic converters in the automotive industry, the manufacture of jewelry and electronics and in dental and chemical applications. As a precious metal, there is also investment demand for palladium in dore bar format by exchange traded funds and institutional investors. The Company owns and operates the Lac des Iles mine located 85 kilometers northwest of Thunder Bay, Ontario, Canada. The primary deposits on the LDI Property are the Roby Zone and the Offset Zone; both disseminated magmatic nickel-copper-PGM deposits. The mining industry is intensely competitive. The Company might be at a competitive disadvantage in acquiring additional mining properties because it must compete with other individuals and companies, many of which have greater financial resources, operational experience and technical capabilities than the Company. The Company’s operations are subject to environmental legislation.|
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