Labrador Iron Mines Holdings Ltd

Labrador Iron Mines Holdings Limited, operating through Labrador Iron Mines Limited and Schefferville Mines Inc., is dedicated to the exploration and development of iron ore projects in the Labrador Trough region. This area, located in Newfoundland and Labrador and Quebec, is renowned as a significant global iron ore production zone. The company boasts extensive iron ore resources and mineral exploration claims across multiple sites in these provinces, collectively known as the "Schefferville Projects."

With a focus on direct shipping iron ore (DSO) projects, Labrador Iron Mines has identified various deposits of differing sizes in Newfoundland and Labrador and Quebec. Among its notable projects is the Elizabeth Taconite Project, with significant inferred mineral resources estimated across two deposit areas. Over the years, Labrador Iron Mines has produced millions of dry metric tonnes of iron ore, catering primarily to the China spot market through numerous shipments.

Looking ahead, Labrador Iron Mines is strategically positioned to recommence mining operations at its Houston Mine, pending favorable market conditions. The company's majority ownership in Labrador Iron Mines Limited and Schefferville Mines Inc., along with its association with Houston Iron Royalties Limited, solidify its standing in the iron ore industry, poised for further growth and development.

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