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Labrador Iron Mines Holdings Limited: Labrador Iron Mines Announces Results of Preliminary Economic Assessment of the Houston Project
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with low re-start capital and robust economics"
Toronto, Ontario--(Newsfile Corp. - March 9, 2021) - Labrador Iron Mines Holdings Limited
(OTC: LBRMF) ("LIMH" or the "Company") announces the results of an independent Preliminary Economic Assessment ("PEA") on its Houston Project prepared by
Roscoe Postle Associates Inc ("RPA"), now part of SLR Consulting Ltd.
The Houston Project is an open pit, direct shipping, iron ore project located in the Labrador Trough region in eastern Canada, near the town of Schefferville, Quebec, consisting of the Houston 1, 2 and 3 deposits in Newfoundland and Labrador, and the Malcolm deposit in Quebec. The Houston Project is owned 100% by Labrador Iron Mines Limited ("LIM") and its wholly-owned subsidiary Schefferville Mines Inc. ("SMI"). LIMH owns 52% of LIM.
ChinaScheffervilleQuebecCanadaHoustonTexasUnited-statesTorontoOntarioAmericaCanadianRodney-cooperANGLESEY MINING PLC - Half-year Report for six months to 30 September 2020
PR Newswire
Chairman's Statement and Management Report
The period since our Annual Report in September has been very encouraging for the minerals industry in general and for Anglesey Mining in particular. We have made good advances on a number of fronts and the prices of all the main metals in which we are interested have advanced significantly. Two of our projects have moved forward through the commissioning of development studies and the results of both these should be available in the coming weeks.
Share Issue and Financings
In August we reported on a private placing that raised £200,000. Associated with that placing was the issue of a matching number of warrants and I am pleased to report that these warrants have all now been exercised raising an additional £225,000, for a total of £425,000. The support shown by the new incoming investors has been most welcome and the Company's share price has moved forward substantially from below 2p a share at the time of the placing. We believe that this demonstrates increasing support from the market and that investors are beginning to recognise the value and potential of Anglesey's assets.
Parys-mountainIsle-of-angleseyUnited-kingdomScheffervilleQuebecCanadaGrangesbergKopparbergSwedenChinaAmlwchHouston