Champion Iron reports that the completion of the $1.6 billion US Phase II expansion of their Bloom Lake iron ore mine will double production to 15 million tons annually, allowing the company to meet the increasing demand for high-grade iron ore needed to decarbonize the steel industry.

Champion Iron has a large resource base of high-grade iron ore in a good jurisdiction, making it a key solution for decarbonization. The demand for this material is expected to double in the next 18 months, with a need for ultra-pure material.