CIAFFChampion Iron Limited

About Champion Iron Limited (CIAFF)

Champion Iron Limited (CIAFF) is a Steel company headquartered in Rozelle, NSW, Australia whose shares trade over-the-counter on the OTCQX tier.

Champion, through its wholly-owned subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex in Québec’s Labrador Trough, 13 km north of Fermont. Bloom Lake is an open-pit operation with two hydro-powered concentration plants, producing 15M wmt per year of high-grade 66.2% Fe iron ore concentrate, with the ability to produce 67.5% Fe direct reduction quality concentrate. Champion is investing to upgrade half of Bloom Lake’s capacity to produce a direct reduction pellet feed up to 69% Fe. Its high-grade, low-contaminant iron ore attracts a premium to the Platts IODEX 62% Fe benchmark. Champion ships concentrate from Bloom Lake via rail to a ship loading port in Sept-Îles, and has delivered its iron ore concentrate globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. Champion also owns the Kamistiatusset mining properties, a project estimated to produce 9M wmt per year of direct reduction quality iron above 67.5% Fe. In December 2024, Champion partnered with Nippon Steel Corporation and Sojitz Corporation to evaluate the potential development of the Kami project, including the completion of a definitive feasibility study. Additionally, Champion holds a portfolio of exploration and development projects in the Labrador Trough, including the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.

Products and services

Champion, through its wholly-owned subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex in Québec’s Labrador Trough, 13 km north of Fermont. Bloom Lake is an open-pit operation with two hydro-powered concentration plants, producing 15M wmt per year of high-grade 66.2% Fe iron ore concentrate, with the ability to produce 67.5% Fe direct reduction quality concentrate. Champion is investing to upgrade half of Bloom Lake’s capacity to produce a direct reduction pellet feed up to 69% Fe. Its high-grade, low-contaminant iron ore attracts a premium to the Platts IODEX 62% Fe benchmark. Champion ships concentrate from Bloom Lake via rail to a ship loading port in Sept-Îles, and has delivered its iron ore concentrate globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. Champion also owns the Kamistiatusset mining properties, a project estimated to produce 9M wmt per year of direct reduction quality iron above 67.5% Fe. In December 2024, Champion partnered with Nippon Steel Corporation and Sojitz Corporation to evaluate the potential development of the Kami project, including the completion of a definitive feasibility study. Additionally, Champion holds a portfolio of exploration and development projects in the Labrador Trough, including the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.

CIAFF key facts

Ticker symbol

CIAFF

Market tier

OTCQX

Sector

Basic Materials

Industry

Steel

Headquarters

Rozelle, NSW, Australia

Country of incorporation

AU

Year of incorporation

2006

Employees

1,192

Estimated market cap

$1.36B (as of Apr 10, 2025)

Shares outstanding

518,251,001

Reporting standard

International Reporting: ASX - Australian Securities Exchange

Audit status

Audited

Fiscal year end

3/31

Latest filing

Interim Financial Report (Dec 31, 2024)

Champion Iron Limited leadership

• David Cataford — CEO
• Gary Lawler — Lead Director
• Alexandre Sebastien Belleau — COO
• Donald Tremblay — CFO
• Steve Boucratie — Senior VP, General Counsel, Corporate Secretary
• Angela Kourouklis — Senior VP
• Francois Lavoie — Senior VP, Tax Director
• Accounts Payable — Other

Explore more: Steel stocks · Basic Materials sector · OTCQX stocks · OTC stocks starting with C