Key Company Highlights  Following the recent federal funding grant of $3.9 M, consortium member, COREM, has committed to providing substantial in-kind contribution, including demonstration plant hosting.

Magpie has also secured a $600,000 grant from the Ministere de l’Energie et des Ressources naturelles (MERN). The building is ready for the pilot testing to commence.

The Magpie Mines Inc., controlled by Fancamp, is an essential unit of the company with the potential to produce dividends. 

Recent Ontario government decision to build road access to the Ring of Fire District in Northern Ontario with aboriginal approval, a significant step in the eventual exploitation of the 50% owned (50% KWG Resources Inc. and its partners Bold Ventures Inc.) high grade Black Horse chromite deposit.

Champion Iron Ltd.

The Company currently holds 6,768,333 shares of Champion Iron Ltd. and a 1.5% non-recourse NSR on its Fermont Iron Holdings.

In September, 2018 the Company entered into an agreement to sell 1,000,000 common shares of Champion Iron Ltd., at a price of $1.18 per share