NML opportunity for value creation stems from projects in the historic iron ore region that 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 deposits that could rival KéMag and LabMag.