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CHAMPION IRON ANNOUNCES THAT RAILWAY SERVICES RESUMED FOLLOWING A THIRD-PARTY TRAIN DERAILMENT
SYDNEY, January 9, 2026 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that railway services have resumed following a recent third-party train derailment on the Quebec North Shore and Labrador Railway ("QNSL"), which is utilized to transport high-purity iron ore concentrate from the Company's Bloom Lake mine ("Bloom Lake") to the port of Sept-Îles (the "Railway"). The derailment on the Railway occurred on December 28, 2025 (Montréal time) (th
About this update from Champion Iron Ltd.
[{"type":"text","content":"MONTRÉAL, Jan. 8, 2026 /CNW/ - SYDNEY, January 9, 2026 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that railway services have resumed following a recent third-party train derailment on the Quebec North Shore and Labrador Railway ("QNSL"), which is utilized to transport high-purity iron ore concentrate from the Company's Bloom Lake mine ("Bloom Lake") to the port of Sept-Îles (the "Railway"). The derailment on the Railway occurred on December 28, 2025 (Montréal time) (the "Derailment") and services gradually resumed on January 4, 2026. While operations at Bloom Lake were not materially affected by the Railway interruptions, the Company had to stockpile high-purity iron ore concentrate at its mine site. Champion is collaborating with QNSL to optimize the gradual resumption of services on the Railway and minimize the impact to its operations and sales.","length":992,"tagName":"p"},{"type":"text","content":"About Champion Iron LimitedChampion, through its wholly-owned subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wet metric tonnes per year that produce lower contaminant high-grade 66.2% Fe iron ore concentrate with a proven ability to produce a 67.5% Fe direct reduction quality iron ore concentrate. Benefiting from one of the highest purity resources globally, Champion is investing to upgrade half of the Bloom Lake's mine capacity to a direct reduction quality pellet feed iron ore with up to 69% Fe. Bloom Lake's high-grade and lower contaminant iron ore products have attracted a premium to the P62 index. Champion ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-Îles, Québec, and has delivered its iron ore concentrate globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion holds a 51% equity interest in Kami Iron Mine Partnership, an entity also owned by Nippon Steel Cor...