공시 • Aug 30
Labrador Iron Mines Holdings Limited Reports the Sudden Death of Danesh Kumar Varma, Director Labrador Iron Mines Holdings Limited reported the sudden death of Danesh Kumar Varma, Director and former Chief Financial Officer of the Company, on August 8, 2024. 공시 • Aug 13
Labrador Iron Mines Holdings Limited, Annual General Meeting, Oct 20, 2022 Labrador Iron Mines Holdings Limited, Annual General Meeting, Oct 20, 2022. 공시 • Jul 08
Labrador Iron Mines Holdings Limited announced that it has received CAD 5.2256 million in funding from Scully Royalty Ltd. On July 6, 2022, Labrador Iron Mines Holdings Limited closed the transaction. The company amended the terms of the transaction. The company issued CAD 3,919,200 ($3 million) in equity and CAD 1,306,400 ($1 million) in convertible credit facility for aggregate gross proceeds of CAD 5,225,600 ($4 million). The company raised equity from Scully Royalty Ltd. against a 7.4% stake. As part of the transaction, Samuel Morrow of Scully Royalty Ltd. will join the company's board of directors. 공시 • Jun 29
Labrador Iron Mines Holdings Limited announced that it expects to receive CAD 5 million in funding Labrador Iron Mines Holdings Limited announced a private placement of approximately CAD 5,000,000 on June 28, 2022. 공시 • Jun 09
Labrador Iron Mines Holdings Limited Announces Demise of William (Bill) Hooley, Vice-Chairman and Non-Executive Director Labrador Iron Mines Holdings Limited announces that D. William (Bill) Hooley, Vice-Chairman and Non-Executive Director of the Company, passed away suddenly on June 7, 2022. Bill was also a Director and Deputy Chairman of LIM's associate company and original parent, Anglesey Mining plc, and served as Anglesey's Chief Executive between 2006 and 2021, during which period he was instrumental in the advancement of Anglesey and its Parys Mountain mine project in Wales, UK. Bill had over fifty years of experience in minerals operations and management in a long and successful career with mining and service companies throughout the world, including extensive experience in Australia, Canada and the UK. Previously, he was Managing Director of Micon International Ltd. from 2000 to 2005. In addition, he held various management and executive posts with mining and service companies in the UK and Australia from 1975 to 1999. 공시 • Mar 11
Labrador Iron Mines Holdings Limited Announces Results of an Independent Preliminary Economic Assessment Labrador Iron Mines Holdings Limited announced the results of an independent Preliminary Economic Assessment ("PEA") on its Houston Project prepared by Roscoe Postle Associates Inc. ("RPA"), now part of SLR Consulting Ltd. The Houston Project is an open pit, direct shipping, iron ore project located in the Labrador Trough region in eastern Canada, near the town of Schefferville, Quebec, consisting of the Houston 1, 2 and 3 deposits in Newfoundland and Labrador, and the Malcolm deposit in Quebec. The Houston Project is owned 100% by Labrador Iron Mines Limited ("LIM") and its wholly-owned subsidiary Schefferville Mines Inc. ("SMI"). LIMH owns 52% of LIM. Houston Project Description: The Houston Project consists of the Houston 1, Houston 2 and Houston 3 deposits located in Labrador and the adjacent Malcolm deposit located just over the provincial border in Quebec. The Houston 1 and Houston 2 deposits have been permitted and are considered ready for construction. The Houston 3 deposit and Malcolm deposit are planned to come on stream in the second half of the 12-year projected mine life, following permitting. The Houston Project is planned as an initial 12-year mine life with production of 2 million ("m") dry metric tonnes ("dmt") of direct shipping iron ore ("DSO") per year for total production of 23.4m dmt of product at 62.2% Fe over the life of the mine. This production profile of 23.4m dmt is based on an updated, current NI 43-101 Mineral Resource estimate of 20.5 mt (62.7% Fe) in the Measured and Indicated categories and 14.3 mt (59.4% Fe) in the Inferred category. Planned production for the Houston 1 and 2 deposits is based primarily on Measured and Indicated resources. Subject to further drilling and analysis, excellent additional exploration potential exists along strike and between the Houston and Malcolm deposit, which could possibly expand the project's resource base and extend the mine life. Mining is planned year-round at approximately 5,500 tpd mineralized material while train loading is planned between May and November at approximately 10,000 tpd. Dilution of 5% at grade, a 100% process mass-yield and a low strip ratio of 2.2 waste to mineralized material are expected. Operations will involve conventional open pit truck and shovel activities and simple dry crushing and screening for processing. Mine development consists mainly of construction of an 8 km gravel road and a 2 km rail siding and installation of site infrastructure including dry crushing and screening facilities and water management equipment. The required major mining equipment will be leased and an existing locally owned accommodation camp will be rented. Site operations will rely on diesel power with fuel sourced from a local distributor. The project is expected to employ 297 people in total at its peak, with about 20% of the labour force sourced from local communities. Pre-production capital expenditures of $86.8m, including an 18% contingency, and sustaining capital of $67.7 million are estimated. Reclamation and closure costs are estimated to be $8.4m, including 3 years of post-closure monitoring. With impact and benefit agreements, which include financial participation arrangements, in place with five First Nations communities, and five years prior local operating experience, LIM has established a strong social license and government support to develop and operate the Houston Project. 