MONTRÉAL, June 28, 2026 /CNW/ - SYDNEY, June 29, 2026 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") is pleased to announce having produced direct reduction ("DR") quality iron ore from its direct reduction pellet feed project (the "DRPF Project") at the Bloom Lake mine (the "Bloom Lake"). An inaugural commercial sale of a Capesize vessel, expected to carry at least 160,000 wet metric tonnes of DR quality iron ore is anticipated in the third calendar quarter of 2026. The DRPF Project was completed within the recently estimated $500 million budget and is expected to gradually increase in capacity to reach commercial production toward the end of the Company's current financial year.
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CHAMPION IRON PRODUCES DR QUALITY IRON ORE FROM ITS DRPF PROJECT AND ENTERS INTO COMMERCIAL AGREEMENT
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