CHAMPION IRON ANNOUNCES A PARTNERSHIP WITH NIPPON STEEL AND SOJITZ TO ADVANCE THE FEASIBILITY ASSESSMENT AND POTENTIAL DEVELOPMENT OF THE KAMI PROJECT

"Nippon's Managing Executive Officer, Mr. Ryuichi Nagai, said, "Securing the supply of direct reduction quality iron ore is a critical strategic advantage for Nippon as we pursue our transition to reduce emissions in steelmaking. Kami benefits from one of the best resources and is one of the most advanced direct reduction quality iron ore projects globally. Accordingly, the Project offers a rare opportunity for our company to optimize its supply chain from a sustainable Project with a long mine life. Our long-term relationship with Sojitz and Champion's proven technical expertise in the Labrador Trough provides a robust foundation to advance the Project as we evaluate its potential development."

Nippon steel partnering with CIA on a magnetite project in Labrador! Big news.