Champion Iron Ltd (TSX:CIA)


Champion Iron Limited, headquartered in Montreal, is an iron ore exploration and development company.

It deals with the mining, production, exploration, marketing and development of iron ore through its operations spread across Quebec, Canada.

The company's portfolio comprises various projects, including:

• Fire Lake
• Moire
• Powderhorn/Gullbridge
• Quinto Claims
• O'keefe-Purdy
• Harvey Tuttle

The mining facility are principal source of the revenue, the company claims.

Major projects are located in southern Labrador, which is reportedly one of Canada's largest iron ore producing regions.

Champion Iron Limited owns and operates several iron-rich projects through its wholly-owned subsidiaries.

The company says that its mining projects are strategically located near all-season roads and railways, electrical grid and railway lines. In addition, the mining infrastructure connects the projects to various water terminals that do not freeze, located on the northern shore of the Gulf of St.

Bloom Lake, company's flagship asset, reportedly produced high-grade iron ore concentrates with an estimated capacity of 7.4 million tons per annum in 2021. In addition, Champion Iron Limited aims to increase the project's capacity in the coming years. It is also conducting a feasibility study.

Champion Iron Limited owns and operates through two principal subsidiaries Champion Iron Mines and Quebec Iron ore.

The Champion Iron Mines has eight iron-rich projects covered in 908 square kilometers near Fermont and Powderhorn zinc-copper project in New Foundland.

Quebec Iron Ore manages and operates the Bloom Lake Mine.

The mining company claims to have a rich history of exploration, development, and evaluation of iron-rich mines.

In February 2013, Champion Iron conducted a feasibility study that indicated the average iron ore production through the Consolidated Fire Lake North (CFLN) project in the center of Fermont Iron Ore District (FIOD) would yield 9.3 million tons annually. The production is expected to yield 66 per cent iron ore concentrates during a 20-year mine life.

The company acquired Bloom Lake Mine and rail assets from Cliffs Natural Resources Inc on April 11, 2016.

In February 2018, the first shipment of 16,500 metric tons of iron concentrates was shipped via train from Bloom Lake Iron Ore Mine for Sept-Îles, the company claims.

On August 16, 2019, the mining firm acquired a 100 per cent stake in the Bloom Lake project.

In 2020, during the COVID-19 pandemic, the company claimed to have implemented a triple-check safety plan consisting of guidelines for social distancing, new transportation logistics and mandatory safety rules applied to workers and contractors.

Champion Iron publishes investor-related documents and financial information on its official website.

Contact Information

company address 1100 René-Lévesque Blvd. West Suite 610 Montreal QC H3B 4N4

company phone(+1) 514 316 48

company website

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