Strong Rail and Haul Performance
Managed to rail and haul about 3.8 million tonnes dry, close to 4 million tonnes wet, showing strong logistical capabilities.
Community Engagement and Awards
Received a prize from the Quebec Mining Association for a project with First Nations, highlighting strong community governance and sustainability efforts.
Financial Position Strengthened
Cash increased from $117 million to over $176 million due to warrant exercises and other financial maneuvers.
Partnership with Nippon Steel and Sojitz
Entered into a definitive framework agreement with Nippon Steel and Sojitz, strengthening future project developments.
Positive Iron Ore Pricing Trends
Iron ore price recovery noted, with a spread increase for high-grade material from $9 to $14 per tonne.