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New Millennium Iron Corp (TSX:NML)

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http://nmliron.com/

History

Robert Martin first discovered the large iron ore deposit alongside Howells River in Labrador, Canada, in the 1960s. In 2003, he started New Millennium Capital Corp. (NML) and gathered together an experienced team with the shared vision of developing the deposit into a world-class iron ore project. In 2006, exploration by NML on an adjacent property at Lac Harris in Quebec indicated the vast extent of the deposit, which was named the Millennium Iron Range.

About New Millennium

New Millennium controls the emerging Millennium Iron Range, which holds the world's largest undeveloped iron ore deposits located in the Province of Newfoundland and Labrador and in the Province of Quebec. In the same area, the Company is also advancing to near term production its DSO Project. Tata Steel, the world's sixth largest steel company, owns 19.9% of New Millennium and is the Company's largest shareholder and strategic partner. Tata has an exclusive option to fund the DSO Project and a commitment to take the resulting production and an exclusive right to negotiate and settle a proposed transaction in respect of the LabMag Project (see news release 08-17, October 1, 2008). The Millennium Iron Range currently hosts two advanced projects: LabMag contains 3.5 billion tonnes of reserves, 4.6 billion tonnes of Measured and Indicated resources and 1.1 billion tonnes of Inferred resources; KéMag contains 2.3 billion tonnes of Measured and Indicated resources and 1 billion tonnes of Inferred resources (see news releases 07-11, July 17, 2007 and 08-06, February 27, 2008). The Company's DSO project contains, based on historical estimates that are not in compliance with NI 43-101, in excess of 100 million tonnes of direct shipping quality ore (see news release 08-05, February 5, 2008). The historical estimates contained in this news release of quantities of direct shipping quality ore are not in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, NML is not treating these historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and such historical estimates should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimates as current mineral resources or mineral reserves. The term "ore" in this release is being used in a descriptive sense for historical accuracy, and is not to be misconstrued as representing current economic viability. A feasibility study has not been completed in respect of the DSO properties and there is no certainty the proposed operations will be economically viable.

Mission Statement

The Corporation's mission is to add shareholder value through the responsible and expeditious development of the Millennium Iron Range and other mineral projects to create a new large source of raw materials to the world's iron and steel industries.

New Millennium Iron Corp. (NML: TSX-V) is a Canadian, publicly-traded mining company aiming to develop iron ore projects in Northern Quebec and Labrador. (more)



 

 
CONTACT INFORMATION:    

General Inquiries & News Release
Subscriptions:

  • Investor Relations :

  • Andreas Curkovic
  • Tel: (416) 577-9927

Montreal (Executive Office)

  • New Millennium Iron Corp.
  • 1303 Greene Ave., 2nd Floor
  • Westmount, Québec, Canada
  • H3Z 2A7
  • Tel: (514) 935-3204
  • Fax: (514) 935-9650
  • President and CEO: Dean Journeaux
  • E-mail: djourneaux@NMLiron.com
LabMag Services Inc.

Labrador City

  • Menihek Building
  • 450 Avalon Dr.
  • Labrador City, NL, Canada
  • A2V 2K3
  • Tel: (709) 944-5592
  • Fax: (709) 944-5651

Calgary (Head Office)

  • New Millennium Iron Corp.
  • 140, 2723-37 Ave. NE
  • Calgary, Alberta, Canada
  • T1Y 5R8
  • Tel: (403) 266-1150
  • Fax: (403) 233-0841
  • Chairman: Lee Nichols
  • E-mail: lee.nichols@terracon.ca

Schefferville (Seasonal Office)

  • New Millennium Iron Corp.
  • Tel: (418) 585-2065
  • Fax: (418) 585-2304

 


 

TATA ANNOUNCES
PRODUCTION DECISION

BINDING AGREEMENT
ON TACONITE PROJECT

CANADA'S EMERGING IRON
ORE PRODUCER




 





 



NEWS & INFORMATION
.
Latest Info  

News Release - October 11, 2011


News Release - September 22, 2011


News Release - September 1, 2011


News Release - August 23, 2011

Financial results for the second quarter ended June 30, 2011 [33kb]

News Release - August 11, 2011

NML announces plans to drill new exploration target located between the KéMag and LabMag deposits and provides update on the bulk sampling program and Lac Ritchie drilling [1,603kb]

 

News Release - August 8, 2011

  Start of 2011 Drilling Program at the DSO properties to convert historical resources for NI 43-101 compliance and hydrogeological survey [447kb]  

News Release - July 20, 2011

Start of drilling at its 100% owned Lac Ritchie property and provides update on progress of drilling to collect bulk samples for the Taconite Project [627kb]

 

More News Releases

 



Latest press releases direct from marketwire.com:
 

Tue, 11 Oct 2011 07:00:00 EDT
New Millennium Iron Corp. Obtains Conditional Listing Approval on the Toronto Stock Exchange


 



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PostSubject
#22   Haven’t seen a post for this stock since BRAVOMIKE 05/23/19 05:40:26 PM
#21   Time to jump on the iron ore train DMar70 05/21/19 01:08:05 PM
#20   Good interview with Dean Journeaux: MoneyJames 07/25/13 12:06:00 AM
#19   Did anyone attend the shareholders meeting? MoneyJames 06/11/13 05:11:36 PM
#18   Is anyone out there? MoneyJames 06/11/13 05:10:46 PM
#17   DSO UPDATE ON NML WEBSITE: MoneyJames 05/29/13 11:25:34 PM
#16   Huge resource estimate adjacent to NML. MoneyJames 02/04/13 10:52:46 PM
#15   Huge manipulation at work lately, IMO. MoneyJames 01/15/13 04:02:52 PM
#14   Nothing but good news coming out. When the MoneyJames 01/07/13 12:48:22 PM
#13   Is anyone out there still weathering this storm? MoneyJames 12/06/12 09:21:28 PM
#12   You should get yourself set up as the starbuxsux 08/13/12 07:49:10 PM
#11   Canada: Plan Nord – What Every Miner Should Know lady glueck 08/11/12 11:43:05 AM
#10   Plan Nord: Quebec rail plan stirs hope, concern lady glueck 08/11/12 11:27:59 AM
#9   NEW MILLENNIUM IRON CORP. ANNOUNCES RAIL SERVICE AGREEMENT lady glueck 08/11/12 11:24:07 AM
#8   Rail line distances: lady glueck 08/11/12 11:22:51 AM
#7   Tata Steel begins feasibility study on 2 Canadian lady glueck 08/11/12 11:21:38 AM
#6   CN railway, miners to study new line for lady glueck 08/11/12 11:19:53 AM
#5   New Millenium Capital Corp now known as New BHicks 09/14/11 02:20:05 PM
#4   New Millennium Capital Corp Web Site BHicks 09/14/11 02:18:44 PM
#3   Up And Coming Labrador Iron Mines. BHicks 09/14/11 01:58:58 PM
#2   New Millennium Capital Corp - Get in while BHicks 09/14/11 01:54:57 PM
#1   Just getting a conversation started. I am Boot1 12/27/10 06:25:01 PM
PostSubject