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Supreme Metals Update on Activity in the Bloom Lake East Area
Jul. 20, 2017 09:02AM PST
Base Metals Investing
Supreme Metals (the “Company”) (CSE: ABJ)(FSE:A68) is pleased to congratulate its neighbor, Champion Iron Ore Limited for its recent USD180M debt financing on its Bloom Lake Iron Ore Mine production restart. The restarting of this mine and the recent rise in iron prices should enhance the economics of the iron ore occurrences existing on Supreme Metals Bloom Lake …
Supreme Metals (the “Company”) (CSE: ABJ)(FSE:A68) is pleased to congratulate its neighbor, Champion Iron Ore Limited for its recent USD180M debt financing on its Bloom Lake Iron Ore Mine production restart.
The restarting of this mine and the recent rise in iron prices should enhance the economics of the iron ore occurrences existing on Supreme Metals Bloom Lake East Properties located adjacent to Champion Iron Ore Limited’s Bloom Lake Iron Ore operations.
Bob Komarechka noted:
“The Company feels this recent announcement confirming the funding for restarting Champion Iron Ore Limited’s Bloom Lake Mine is a very positive event that can help enhance the value of the existing iron occurrences on Supreme Metals Corp’s adjacent Bloom Lake East Property.
In addition to this, the reopening of the mine will allow for enhanced infrastructural facilities that will facilitate future exploration and potential development.”