Company News: New Millennium Capital
Updated: 17 Nov 2010
New Millennium Capital Corp. (NML: TSX-V) is developing world class iron ore mining projects in the Northern Quebec-Labrador region in Canada. NML controls over 9.0 billion tonnes of magnetite resources, among the largest in the world. NML has strategic partnership agreements with Tata Steel, which has decided to invest Cdn$ 300 million to bring NML’s Direct Shipping Ore project into production by Q3, 2012. Tata Steel will own 80% of the project. Tata Steel has also an option to enter by December 31, 2010 into a transaction with NML regarding the development of the magnetite resources.
Business Category Exploration; Mining
Regions of Operation North America
Exchange Ticker NML
Financial Information
Stock Feed
Exchanges listed on TSX-V
Share Holders
Market Cap
Shares Issued
1303 Greene Ave.,
- 2nd Floor
- Westmount
- Québec
- H3Z 2A7
- Canada
Most Recent Company News
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Bringing the Mines and Money 'week' to a close, Mining Journal hosted Canada Day, in partnership with Northern Miner. The one-day investor seminar in London was supported by Natural Resources Canada, and sponsored by the Prospectors and Developers Association of Canada and the Toronto Stock Exchange. Read more... - New Millennium completes placement - 11 Jun 2010 11:46am
TSX-listed New Millennium Capital Corp has completed a private placement in which Tata Steel purchased more than 14 million shares of the company for US$1.40/share to provide proceeds of US$20 million Read more... - New Millennium advances DSO plan - 05 Mar 2010 11:38am
New Millennium Capital Corp has completed a feasibility study for development of its direct shipping iron ore (DSO) project near Schefferville in Quebec Read more...
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