NML’s opportunity for value creation stems from projects in the historic iron ore region which crosses the provinces of Newfoundland and Labrador and Québec in and around the town of Schefferville, Québec. Here, NML controls the vast Millennium Iron Range (MIR) and is presently active on three projects: 

1) Development of direct shipping ore ("DSO")

2) A comprehensive feasibility study of two taconite deposits – KéMag in the Province of Québec and LabMag in the Province of Newfoundland and Labrador – called the Taconite Project

3) A drilling program aimed at identifying new deposits which could rival KéMag and LabMag.

DSO Project


NML is developing the DSO Project with its strategic partner, Tata Steel, through a joint venture company called Tata Steel Minerals Canada Ltd. (TSMC), in which NML has a 20% interest and Tata Steel 80%. The DSO Project is operated by TSMC.

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The Taconite Project


The Taconite Project consists of two deposits: the LabMag deposit located in the Province of Newfoundland & Labrador and the KéMag deposit located in the Province of Quebec. The Feasibility Study has been jointly completed with Tata Steel.

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Exploration Projects


With of the majority of the range still to be explored, the MIR has the potential to become one of the world’s major iron ore producing regions. NML has embarked on a drilling program to identify deposits that could rival KéMag and LabMag.

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