MONTRÉAL, July 4, 2022
/CNW/ - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF)
("Champion" or the "Company") is pleased to announce the
appointment of Mr. Donald Tremblay
as the Company's Chief Financial Officer ("CFO") effective
September 12, 2022.
Most recently, Mr. Tremblay was Chief Financial Officer of the
Iron Ore Company of Canada
("IOCC"), a leading producer of high-grade iron ore concentrate and
pellets. Prior to joining IOCC in 2018, Mr. Tremblay served as CFO
for TransAlta Corporation and Brookfield Renewable Power. He
has more than 25 years of extensive financial experience with
strategic abilities in capital market, investor relations and
corporate development. Additionally, Mr. Tremblay has extensive
knowledge in accounting, tax, controls and compliance. Mr.
Tremblay is a Certified Public Accountant and obtained a
Bachelor in Business Administration from the Université du Québec
en Outaouais.
"We are thrilled to welcome Donald
Tremblay to our executive team," stated Champion's CEO,
David Cataford. "His expertise in
the mining sector and experience as an executive of senior public
companies will be an asset for our Company, as we evaluate our many
organic growth projects to further decarbonize the steel
industry."
About Champion Iron Limited
Champion Iron Limited, through its subsidiary Quebec Iron Ore
Inc., owns and operates the Bloom Lake Mining Complex, located on
the south end of the Labrador Trough, approximately 13 km north
of Fermont, Québec. Bloom Lake is an open-pit operation with
two concentrators that primarily source energy from renewable
hydroelectric power. The Bloom Lake Phase I and Phase II plants
have a combined nameplate capacity of 15 Mtpa and produce a
low contaminant high-grade 66.2% Fe iron ore concentrate with a
proven ability to produce a 67.5% Fe direct reduction quality
concentrate. Bloom Lake's high-grade and low contaminant iron ore
products have attracted a premium to the Platts IODEX 62% Fe iron
ore benchmark. The Company ships iron ore concentrate from Bloom
Lake by rail, to a ship loading port in Sept-Îles, Québec, and
sells its iron ore concentrate to customers globally, including
in China, Japan, the Middle
East, Europe, South
Korea, India and Canada. In addition to the Bloom
Lake Mining Complex, Champion owns a portfolio of exploration and
development projects in the Labrador Trough, including the
Kamistiatusset Project located a few kilometres south-east of Bloom
Lake, and the Consolidated Fire Lake North iron ore project,
located approximately 40 km south of Bloom Lake.
Forward-Looking information
This press release includes certain information that may
constitute "forward-looking information" under applicable
securities legislation. All statements, other than statements of
historical facts, included in this press release that address
future events, developments or performance that Champion expects to
occur, including statements on organic growth projects and impact
on local communities are forward-looking statements.
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the use of
words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "continues", "forecasts", "projects",
"predicts", "intends", "anticipates", "aims", "targets" or
"believes", or variations of, or the negatives of, such words and
phrases, or state that certain actions, events or results "may",
"could", "would", "should", "might" or "will" be taken, occur or be
achieved. Although Champion believes the expectations expressed in
such forward-looking statements are based on reasonable
assumptions, such forward-looking statements involve known and
unknown risks, uncertainties and other factors, most of which are
beyond the control of the Company, which may cause the Company's
actual results, performance or achievements to differ materially
from those expressed or implied by such forward-looking statements.
Factors that could cause the actual results to differ materially
from those expressed in or implied by forward-looking statements
include those factors discussed in the section entitled "Risk
Factors" of the Company's 2022 Annual Information Form and the
risks and uncertainties discussed in the Company's management's
discussion and analysis for the year ended March 31, 2022, both available on SEDAR at
www.sedar.com, the ASX at www.asx.com.au and the Company's website
at www.championiron.com. There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
forward-looking information. Accordingly, readers should not place
undue reliance on forward-looking information. All of Champion's
forward-looking information contained in this press release is
given as of the date hereof and is based upon the opinions and
estimates of Champion's management and information available to
management as at the date hereof. Champion disclaims any intention
or obligation to update or revise any of its forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by law.
For additional information on Champion Iron Limited, please
visit our website at: www.championiron.com.
This press release has been authorized for release to the market
by the CEO of Champion Iron Limited, David
Cataford.
SOURCE Champion Iron Limited