NML’s opportunity for value creation stems from a portfolio of strategic and quality iron deposits in Quebec and Labrador that are serviceable with existing transportation and power infrastructure. 

Taconite Resources:  Our Main Asset

NML has made advancements on a number of fronts as follows:

1)    Carried out feasibility studies and published related technical reports on the large KéMag and LabMag taconite properties, called the Taconite Project Feasibility Study (TPFS);

2)    Completed exploration programs on five other taconite properties, which established NML among the largest holders of NI 43-101 magnetite iron ore deposits;

3)    Initiated a plan to re-scope the outcomes from the combined $61 million TPFS and exploration investments into a development option that can better NML’s positioning when market conditions improve;

Direct Shipping Ore:  A New Canadian Supplier to the Seaborne Market

In the same region and with industry leader Tata Steel as strategic partner, we helped establish a direct shipping ore (DSO) project which has seen a number of significant accomplishments, including saleable ore production and shipments, construction of a processing  plant to enhance ore quality, ancillary facilities and a dedicated organization

We retain a 6% interest in the project’s owner/operator, Tata Steel Minerals Canada, and market participation through that holding.



Taconite Resources


The Company offers development potential through seven, long-life taconite properties capable of producing high quality pellets and pellet feed to service the requirements of steel makers with either blast furnace or direct reduced iron making operations.

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DSO Project


NML participates in the DSO Project with strategic partner, Tata Steel, through a 6% holding in a company called Tata Steel Minerals Canada Ltd. (TSMC). The DSO Project is owned and operated by TSMC.

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