“Mr. Depatie was instrumental in the development of Consolidated Thompson Iron Mines Limited ("Consolidated Thompson") through his six year tenure as a director until its recent acquisition by Cliffs Natural Resources. At Consolidated Thompson, Mr. Depatie served as Chair of the Compensation Committee and sat on both the Audit and Corporate Responsibility Committees.”

Cliffs Natural Resources has a deep interest in buying out CHM/FNC (82.5%/17.5%) Fermont properties. Before it happens, CHM will attempt (or might attempt) to acquire 100% ownership in Fermont. CHM usually pay for this by a mixture of cash and shares, but they may have difficulties in supplying cash through financing to close a deal. So the solution would be…

Champion Minerals is accelerating its drilling activities by adding three diamond-drill rigs recently and its drill program was increased to a total of 23,000 m from 17,500 m.