March 18, 2018 9:34 AM ET

Metals and Mining

Company Overview of Québec Iron Ore Inc.

Company Overview

Québec Iron Ore Inc. owns and operates iron ore reserves. The company was incorporated in 2015 and is based in Montreal, Canada. Québec Iron Ore Inc. operates as a subsidiary of Champion Iron Limited.

630 Boul Rene Levesque Ouest Bureau 1860

Montreal, QC H3B 1S6


Founded in 2015

Key Executives for Québec Iron Ore Inc.

Québec Iron Ore Inc. does not have any Key Executives recorded.

Québec Iron Ore Inc. Key Developments

Québec Iron Ore Inc. Enters into Rail Transportation and Port-Facilities Access Agreement with Société Ferroviaire et Portuaire de Pointe-Noire for Transportation, Unloading, Stockpiling and Loading of Iron Ore Concentrate from Sept-Iles to Pointe-Noire, Québec

Champion Iron Limited (the "company", or "Champion") announced that its subsidiary Québec Iron Ore Inc. ("QIO") has entered into a rail transportation and port-facilities access agreement with the Société Ferroviaire et Portuaire de Pointe-Noire ("SFPPN") for the transportation, unloading, stockpiling and loading of iron ore concentrate from Sept-Iles to Pointe-Noire, Québec.

Québec Iron Ore Inc. Secures Debt Financing Conditional Commitments of USD 180 Million

Champion Iron Limited secured debt financing conditional commitments of USD 180 million for its subsidiary Québec Iron Ore Inc. from la Caisse de dépôt et placement du Québec and Sprott Resource Lending. This financing is part of the restart of Bloom Lake Iron Ore Mine's operations, located near Fermont, Québec. With the completion and filing of the Bloom Lake Feasibility Study earlier this year, demonstrating that mining operations at Bloom Lake are financially viable, Champion has focused on securing the financing required for the iron ore mine's restart, potentially as early as first quarter 2018. Following the completion of the CAD 40 million bridge financing announced in May, which included a CAD 20 million loan from Sojitz Corporation, QIO and Champion announces it has obtained further debt financing conditional commitments for up to USD 180 million to partially fund the costs of resuming the operations at Bloom Lake.

Quebec Iron Ore Inc. Signs a Framework Off-Take Agreement with Sojitz Corporation

Champion Iron Limited announced that its subsidiary, Quebec Iron Ore Inc. has signed a Framework Off-Take Agreement with Sojitz Corporation, a major trading company based in Tokyo, Japan, pursuant to which Sojitz would purchase up to 3,000,000 DMT per annum from QIO after the re-commencement of commercial operations at the Bloom Lake Iron Mine located near Fermont, Quebec.

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Private Placement
May 18, 2017

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