• Labrador Trough: A world-class iron ore district with over 60 years of profitbale operations: over 2 billion tonnes Fe produced.
• Production comes from metamorphosed specularite-magnetite iron formations
• Home to four operating iron mines in the region
  • Carol Lake Mine - Labrador (2024 - 17.3 million tonnes production - sales)
    • IOCC - Rio Tinto, Mitsubishi, LIORC
  • Scully Lake Mine - Labrador (2022 - 3.1 million tonnes production - sales)
    • Tacora Resources (Cargill.Millstreet/O'Brian & Staley/Brigade)
  • Bloom Lake Mine - Quebec (2024 - 13.5 million tonnes production - sales)
    • Champion Iron Ore
    • July 2025 - $245M deal with Nippon Steel & Sojitz for 49% of the Kami Development Project (975 million tonnes grading 29.2% Fe)
  • Mont-Wright Mine - Quebec (2024 - 24.2 million tonnes production - sales)
    • ArcelorMittal, POSCO, Asian Interests
• High-Fe content concentrate and pellets; 65% to 68+% Fe.
  • Higher grade concentrate will attract a significant premium over Fe 62% IODEX with increasing additional premium for direct charge (pellets, lump)
• Low deleterious elements/impurities (silica, alumina, manganese, phosphorous, sulphur, alkalis and others) to supply changing Steel industry.
• Neefoundland & Labrador was recently ranked #8 in the world for investor Attractiveness by the Fraser Institute (2024 Survey): #9 in 2024, #4 in 2022.
• Infrastructure advantage with rail, ports and renewable low-cost hydroelectirc power
• Highly skilled local workforce with population of over 10,000 in area
• Development supportive indigeneous, government and business environment
• Established and tested regulatory approvals system in place

Useful Links:

Labrador Iron Ore Royalty Corporation: Overview | Labrador Iron Ore

Champion Iron Ore: Champion Iron | Iron ore mine | Mining company | Quebec

Tacora Resources: Tacora Resources Inc.

ArcelorMittal: ArcelorMittal Mines and Infrastructure Canada | ArcelorMittal

Port Of Sept-Iles: All About the Port | Port of Sept-Îles (portsi.com)

Newfoundland Labrador Hydro: Hydro Generation - Newfoundland & Labrador Hydro (nlhydro.com)

Government Of Newfoundland & Labrador: IRON Brochure Jan 2024 - web (gov.nl.ca)