Iron · Mid-Tier · Producer · Canada
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Operating · 1 project
Bloom Lake Mining Complex
Asset · Operating
Project information
As at 31 March 2025
Description
As at 31 March 2025
Wholly-owned open-pit iron ore complex operated through subsidiary Quebec Iron Ore Inc. (QIO) on the south end of the Labrador Trough, approximately 13 km north of Fermont, Quebec. Two concentration plants with a combined nameplate capacity of 15 Mwmt/yr produce low-contaminant high-grade 66.2% Fe iron ore concentrate, with proven ability to deliver 67.5% Fe direct reduction quality material. Originally commissioned in 2010 by previous owners; acquired by Champion in 2016 and restarted in 2018. Phase II expansion was completed in 2022, doubling nameplate capacity. The DRPF (direct reduction quality pellet feed) project will upgrade the second concentration plant to produce approximately 7.5 Mwmt/yr of up to 69% Fe DRPF product; commissioning is scheduled to begin December 2025, with total estimated capex of $470.7M and cumulative spend of $339.5M as at March 31, 2025. Powered by renewable hydroelectricity; concentrate shipped via rail to the Port of Sept-Iles for global delivery (China, Japan, Middle East, Europe, South Korea, India, Canada). Bloom Lake has benefited from over US$4.5 billion in cumulative investments.
Mining metrics
Multiple effective dates · inclusive
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Reserves & resources — detail
As at 31 March 2025
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Development · 1 project
Kamistiatusset (Kami) Project
Asset · Feasibility · Ownership 51%
Project information
As at 31 March 2025
Description
As at 31 March 2025
Development-stage iron ore project located in the Labrador Trough geological belt in southwestern Newfoundland and Labrador, 21 km southeast of Bloom Lake, southwest of Wabush and Labrador City and east of Fermont, near existing infrastructure. Acquired by Champion in April 2021 from previous owners that had completed several studies. The Kami Project Study (NI 43-101, March 14, 2024) outlines a 25-year LOM producing approximately 9.0 Mwmt/yr of direct reduction (DR) quality iron ore concentrate grading above 67.5% Fe; capex estimated at $3,864M with after-tax NPV of $541M and IRR of 9.8% (conservative pricing) or NPV of $2,195M and IRR of 14.8% (3-yr P65 average pricing). On December 18, 2024 Champion entered into a binding agreement with Nippon Steel and Sojitz to form a partnership for joint ownership and development of Kami: Nippon (30%) + Sojitz (19%) will initially contribute $245M for a 49% equity interest; Champion retains 51% and operatorship. Up to $490M is expected to be contributed by Partners before Champion needs to fund pro-rata. Definitive feasibility study targeted for end of calendar 2026. Construction estimated at 48 months following FID. High-purity iron ore has been designated a critical mineral by the governments of NL, Quebec and Canada.
Mining metrics
Multiple effective dates · inclusive
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Reserves & resources — detail
As at 31 March 2025
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Exploration · 6 projects
Moire Lake
Asset · Pre-feasibility
Project information
As at 31 March 2025
Description
As at 31 March 2025
Exploration-stage stand-alone iron ore deposit located approximately 6 km west of the city of Fermont, Quebec; the far extension of ArcelorMittal's Mont-Wright Mine. While ArcelorMittal's nearby ore is hematite-rich, Moire Lake is a mix of hematite and magnetite. Resource estimate based on a May 11, 2012 technical report with effective date March 28, 2012. Estimates are disclosed as historical, non-compliant with NI 43-101 or the JORC Code, and should not be relied upon. The Company is subject to limited production payments on Moire Lake.
Mining metrics
As at 28 March 2012 · exclusive
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Reserves & resources — detail
As at 28 March 2012
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Harvey-Tuttle
Asset · Pre-feasibility
Project information
As at 31 March 2025
Description
As at 31 March 2025
Exploration-stage iron ore property located northwest of the Quinto Claims in the Fermont area of Quebec. The Harvey-Tuttle property holds several small deposits, with Turtleback Mountain hosting the bulk of the historical resources. Resource estimate based on an April 13, 2011 technical report with effective date February 25, 2011. Estimate is disclosed as historical, non-compliant with NI 43-101 or the JORC Code, and should not be relied upon; Champion is not treating it as current. Part of the broader Labrador Trough exploration portfolio.
Mining metrics
As at 25 February 2011
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Reserves & resources — detail
As at 25 February 2011
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Penguin Lake (Cluster III)
Asset · Pre-feasibility · Ownership 45%
Project information
As at 31 March 2025
Description
As at 31 March 2025
Exploration-stage iron ore property near the closed Lac Jeannine Mine, in a series of claims known as Cluster III. The claims were optioned to Cartier Silver Corporation (formerly Cartier Iron Corporation); Champion Iron Limited holds 45% of the property. The main asset is the Penguin Lake deposit. Cluster III also includes a series of small deposits near Round Lake, north-west of Penguin Lake. Resource estimate based on a February 3, 2014 technical report with effective date May 1, 2013. Estimate is disclosed as historical, non-compliant with NI 43-101 or the JORC Code, and should not be relied upon. Total historical inferred resource is 535 Mt (239 Mt attributable to Champion based on 45% interest) at 33.1% Fe.
Mining metrics
As at 1 May 2013
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Reserves & resources — detail
As at 1 May 2013
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Lamelee South
Asset · Pre-feasibility
Project information
As at 31 March 2025
Description
As at 31 March 2025
Exploration-stage iron ore property in the Fermont area of Quebec, in the Labrador Trough. Resource estimate based on a July 28, 2017 NI 43-101 technical report with an effective date of January 26, 2017. Estimates are disclosed as historical, non-compliant with NI 43-101 or the JORC Code, and should not be relied upon; Champion is not treating them as current. The Company is subject to limited production payments on the Lac Lamelee property. Part of the broader Labrador Trough exploration portfolio.
Mining metrics
As at 26 January 2017 · exclusive
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Reserves & resources — detail
As at 26 January 2017
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Consolidated Fire Lake North
District · Pre-feasibility
Project information
As at 31 March 2025
Description
As at 31 March 2025
Exploration / development-stage iron ore project in the Fermont area of Quebec, immediately north of ArcelorMittal's Fire Lake mine. The Consolidated Fire Lake North project comprises three deposits: Fire Lake North, Bellechasse and Oil Can. The Fire Lake North reserves and resources are based on the February 2013 PFS technical report (effective date January 25, 2013); Bellechasse resource is based on a December 2009 technical report (effective date November 10, 2009); Oil Can resource is based on an August 2012 technical report (effective date July 1, 2012). All resource and reserve estimates are explicitly disclosed as historical, non-compliant with NI 43-101 or the JORC Code, and should not be relied upon; Champion is not treating them as current. Part of the Company's broader portfolio of exploration and development properties in the Labrador Trough. The Company is subject to limited production payments on Consolidated Fire Lake North.
Mining metrics
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 25 January 2013
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Quinto Claims (Peppler Lake / Lamelee North / Hobdad)
District · Pre-feasibility
Project information
As at 31 March 2025
Description
As at 31 March 2025
Exploration-stage iron ore property in the Fermont area of Quebec, adjacent to the Consolidated Fire Lake North project. The Quinto holding comprises several iron deposits and occurrences (Peppler Lake, Lamelee North, Hobdad), all dominated by magnetite over hematite with small amounts of iron silicates. Resource estimates for Peppler Lake, Lamelee North and Hobdad are based on February 15, 2013 technical reports (effective date December 31, 2012). All estimates are explicitly disclosed as historical, non-compliant with NI 43-101 or the JORC Code, and should not be relied upon; Champion is not treating them as current. Part of the Company's broader portfolio of exploration and development properties in the Labrador Trough.
Mining metrics
As at 31 December 2012 · exclusive
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Reserves & resources — detail
As at 31 December 2012
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Base Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Base metals
- Cu % / Zn % are the grade norm for base metals; kg/t is for very high-grade deposits. Porphyry copper is typically 0.3–1% Cu; SEDEX zinc 5–15% Zn.
- C1 vs C2 vs C3 vs AISC. C1 is direct mining + processing + transport + by-product credits. C2 adds depreciation; C3 adds corporate/indirect costs. Compare like for like.
- TC/RCs (treatment & refining charges) are smelter payments per dry metric tonne of concentrate — a non-trivial part of base-metal economics, not shown on the Portfolio tab.
- Concentrate vs metal. Miners often sell concentrate (~25–30% Cu) and are paid for contained metal minus TC/RCs. Portfolio books contained metal on a 100% basis.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
- Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
- Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
- Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
- Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
- Cost / other — a passive or fair-value holding, excluded from the group total.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Iron
Copper uses kt Cu bands; lb-scale copper resources are converted to kt. Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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