Fancamp Regains Control of One of the World's Largest Iron Titanium Historic Deposits: Announces Results of Magpie Mines AGM

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[{"type":"text","content":"Fancamp Regains Control of One of the World’s Largest Iron Titanium Historic Deposits: Announces Results of Magpie Mines AGM\n\n\n\n VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“\n \n Fancamp\n \n ” or the “\n \n Corporation\n \n ”) (TSX Venture Exchange:\n \n FNC\n \n ) announces that at the Annual General Meeting (“\n \n AGM\n \n ”) of the shareholders of The Magpie Mines Inc. (“\n \n Magpie Mines\n \n ”) held on July 17, 2025 in Montréal, Québec, the shareholders of Magpie Mines voted to set the number of Directors at three and to elect Rajesh Sharma, Mark Billings and Charles Tarnocai as the Directors of Magpie Mines.\n \n\n Magpie Mines has appointed the following officers: Mark Billings as Chairman, Rajesh Sharma as President and Chief Executive Officer, Arnab Kumar De as Chief Financial Officer and Debra Chapman as Corporate Secretary.\n \n\n\n \"We are pleased to announce that Fancamp has regained control of Magpie Mines, which holds the Magpie deposit—one of the world’s largest undeveloped hard rock iron-titanium historic deposits, located in Havre St-Pierre region, a district recognized for its\n \n\n world-class mineral resources\n \n\n and\n \n\n\n\n\n\n unique geology\n \n\n . Given titanium’s strategic importance as a critical mineral in light of the global supply chain challenges, the Corporation will determine the next steps to advance this asset,\"\n \n stated Rajesh Sharma, President and CEO of Fancamp.\n \n\n The Corporation holds approximately 96% of the issued and outstanding shares of Magpie Mines, along with a 2% net smelter return royalty on the significant Magpie Titanium property.\n \n\n The Magpie Fe-Ti-V deposit is\n \n one of the world's largest undeveloped titanium resources\n \n\n (Woodruff et al., 2017\n \n\n\n 1\n \n\n\n )\n \n and one of the world's largest vanadium deposits\n \n (based on data in Kelley et al., 2017\n \n\n\n 2\n \n\n\n ).\n \n The project is located 90 kilometres north of Rio Tinto's Lac Tio titanium mine and just 10 kilometres west of a Hydro Québec transmission line from the Romaine 4 generating station.\n \n\n The Magpie Project is made up of Magpie 1, Magpie 2 and Magpie 3 deposits. The Magpie 2 deposit hosts an Histo...

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