Business
CHAMPION IRON REPORTS ITS FY2026 THIRD QUARTER RESULTS AND ADVANCES THE DRPF PROJECT AS PLANNED
SYDNEY, January 29, 2026 - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") reports its operational and financial results for its financial third quarter ended December 31, 2025.
About this update from Rana Gruber Asa
[{"type":"list","items":[{"val":[{"type":"text","content":"Quarterly production of 3.7M wmt, record sales of 3.9M dmt, revenue of $472M, net income of $65M, EBITDA of $152M1 and EPS of $0.12","length":131,"tagName":"p"}]},{"val":[{"type":"text","content":"DRPF project initial commissioning underway as it advances towards delivering the first shipment by end of calendar H1/2026, as planned","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduced iron ore concentrate inventories stockpiled at Bloom Lake by 1.1M wmt to 0.6M wmt","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Announced a cash tender offer to acquire Rana Gruber with financial support from La Caisse and a new term loan commitment by Scotiabank","length":135,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":490,"olType":false},{"type":"text","content":"MONTRÉAL, Jan. 28, 2026 /CNW/ - SYDNEY, January 29, 2026 - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") reports its operational and financial results for its financial third quarter ended December 31, 2025.","length":270,"tagName":"p"},{"type":"text","content":"Champion's CEO, Mr. David Cataford, said, "I am proud of our team's ingenuity and perseverance as we advance strategic initiatives designed to unlock value for our stakeholders in the coming months and reinforce our leadership in the high-purity iron ore industry. We expect to continue to benefit from sales of high-purity iron ore inventories previously stockpiled at Bloom Lake. New markets will become available as we initiate shipments of DR quality iron ore from our DRPF project in the near term. Additionally, we remain focused on the potential closing of the Rana Gruber acquisition, which will diversify our portfolio with another proven high-purity iron ore operation, as well as the anticipated completion of the Kami project definitive feasibility study, leveraging our partnership with Nippon Steel and Sojitz. As our multi-year growth capital investment cycle at Bloom Lake nears completion, we continue to rigorously evaluate growth opportunities and capital allocation strategies to optimize shareholder returns."","length":1053,"tagName":"p"},{"type":"text","content":"Conference Call Details","length":23,"tagName":"p"},{"type":"text","content":"Champion will ...