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CHAMPION IRON ANNOUNCES OFFERING OF US$450 MILLION SENIOR NOTES DUE 2032

Newswire.ca - Wed Jun 25, 2025

MONTRÉAL, June 25, 2025 /CNW/ - SYDNEY, June 25, 2025 - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that its wholly-owned subsidiary, Champion Iron Canada Inc. (the "Issuer"), is launching an offering (the "Offering") of US$450 million aggregate principal amount of senior notes due 2032 (the "Notes"). The Notes will be senior unsecured obligations of the Issuer and will be guaranteed by the Company and certain of its subsidiaries. Interest on the Notes will accrue from the issue date and will be payable semi-annually. The Notes will not be quoted on ASX or the TSX.

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