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An announcement from Chibougamau Independent Mines ( (TSE:CBG) ) is now available.
Chibougamau Independent Mines Inc. has announced significant progress on the Mont Sorcier high-purity iron project, with Cerrado Gold completing 17,000 meters of infill drilling to update the resource to the Proven and Probable categories. This progress supports the feasibility study targeted for completion in Q2 2026, which aims to deliver a high-purity DRI-grade iron concentrate product of over 67% iron. The project is positioned to meet the growing demand for green steel and contribute to the decarbonization of the steel industry.
More about Chibougamau Independent Mines
Chibougamau Independent Mines Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is involved in projects related to high-purity iron deposits, retaining a two percent gross metal royalty on the Mont Sorcier project.
Average Trading Volume: 22,548
Technical Sentiment Signal: Buy
Current Market Cap: C$15.27M
Find detailed analytics on CBG stock on TipRanks’ Stock Analysis page.