Focused Strategy & Growth Potential in Brazil
We are focused on iron in Brazil, a highly profitable mineral in a favourable jurisdiction.
Brazil is the 2nd biggest iron producer in the world; its mining code is modern and secure.
High Potential Rio Piracicaba Project in Brazil’s Iron Quadrangle
Our initial mine (Rio Piracicaba) will be located next to a producing iron mine from Vale S.A. (NYSE: VALE, mkt cap = $65B) in Brazil’s famous Iron Quadrangle mining district.
Drilling (concluded Q2 2021) confirmed > 7.85M tons of iron ore for our initial mine area.
Profitability Potential Within 18 Months
Open-pit, simple operations, leading to iron ore revenues and expected profitability as soon as the mine becomes operational.
Attractive Pipeline of Multiple Other Projects
Our current mineral bank of iron ore projects, all 100%-owned, totals 56,290 acres.
Our projects are located in well-known iron ore areas or new iron ore frontiers.
Initial Public Offering Planning
Initial plans are being discussed regarding potential Public Listing/IPO
Iron mining is highly profitable and we will be a pure play in a segment not crowded.
Strong news flow expected as project-related milestones are achieved.
Why the Iron Quadrangle?
The Iron Quadrangle (Quadrilátero Ferrífero, as is locally known in Portuguese) is a mineral-rich region covering about 2,700 square miles (7,000 square kilometres) in the central-southern part of the Brazilian state of Minas Gerais.
The area is known for extensive deposits of iron ore and gold, being the source of approximately 50% of all iron ore and gold produced in Brazil.
The Iron Quadrangle is home to multiple large, medium, and small iron ore miners and steelmakers. Some of the larger companies with iron ore and/or steel operations in this mineral province include:Vale, BHP (jointly with Vale), Arcellor Mittal, Trafigura, Vallourec, CSN, Gerdau, Usiminas.