CHAMPION IRON ANNOUNCES AN AFTER-TAX IRR OF 33.4% IN FEASIBILITY STUDY FOR THE PHASE II EXPANSION AT BLOOM LAKE

Champion Iron Limited has released highly positive feasibility study results for the Phase II expansion at its Bloom Lake iron ore operation in Quebec. The study demonstrates robust project economics with an after-tax internal rate of return of 33.4% and a net present value of $956 million, supported by an exceptionally short payback period of just 2.4 years on initial capital investment.

The compelling economics have prompted Champion Iron's board to approve a $68 million budget allocation specifically aimed at securing and accelerating the project timeline. This financial commitment represents the company's confidence in the expansion's viability and its strategic importance to Champion's growth trajectory in the iron ore sector.

The Phase II expansion at Bloom Lake represents a significant development opportunity for Champion Iron, building upon the success of its existing operations. The strong feasibility metrics position the company favorably in the competitive iron ore market, particularly given the relatively modest capital requirements and rapid payback timeline. These results underscore the quality of Champion's Quebec iron ore assets and their potential to generate substantial shareholder value.

For the broader iron ore sector, Champion's announcement reflects continued confidence in medium-term demand fundamentals, particularly from steel-producing regions. The project's economics suggest that well-positioned, high-grade iron ore operations can deliver exceptional returns even in challenging market conditions, reinforcing the strategic value of premium iron ore assets in the current global commodities landscape.