New Millenium Announces 2011 Financial Results

New Millennium Iron Corp. (TSX:NML) announced its financial results for the fourth quarter and year ended Dec. 31, 2011.

As quoted in the press release:

Progress continued in the fourth quarter on NML’s three major iron ore project initiatives, two of which are being carried out with strategic partner and shareholder Tata Steel Limited.

The Direct Shipping Ore Project (“DSO Project”) through a 20% ownership interest in Tata Steel Minerals Canada Limited (“TSMC”), operator of the Project: (1) signing by TSMC of an Impact and Benefit Agreement (“IBA”) with the Innu Nation of Labrador; (2) award of a General Construction Contract to Innu Municipal LP of Labrador City; and, subsequent to the quarter, (3) signing by TSMC of the fourth and final IBA concluded with regard to the DSO Project; (4) signing of a life-of-mine Rail Transportation Agreement with the Quebec North Shore & Labrador Railway Company; and (5) procurement of major process equipment and long lead items, as well as inauguration and operation of the construction camp.

Click here to read the New Millennium Iron Corp. (TSX:NML) press release.