Labrador Iron Mines Holdings Ltd (LBRMF)

[bobbleheadtwin]

Scully, Tacora Mines possible interest. Scully proposed financing of LBRMF, now believed to be canceled, but local player with issues about getting their tailings facility permitted as of now, so may have long term issues and may need other assets like a benefaction plant with a mine ready in 12-18 months.
On November 27th, 2018, Tacora announced it had closed on $212 million in private equity and senior secured debt financing, which together with up to $64 million in mining equipment debt financing, fully funded the restart of the Scully Mine. In addition, during the 2018 fiscal year, the Company amended the Cargill Offtake Agreement and finalized certain port access agreements and rail/transportation agreements in anticipation of the successful restart of the Scully Mine. As is in this region the railway plays a huge part in the case of Scully mine it is Wabush Lake Railway

https://tacoraresources.com/our-operations/
https://iaac-aeic.gc.ca/050/evaluations/exploration?search=Scully+Mine+Tailings+Impoundment+Area+Expansion+Project
https://en.wikipedia.org/wiki/Wabush_Lake_Railway
https://iaac-aeic.gc.ca/050/evaluations/proj/80027