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Champion closes in on iron ore restart

Champion Iron (CN:CIA) is well on its way to funding the restart of its Bloom Lake iron ore mine in Quebec, Canada, after securing a cornerstone debt facility with the Caisse de depot et placement du Quebec pension fund and Sprott.

Champion closes in on iron ore restart Champion closes in on iron ore restart Champion closes in on iron ore restart Champion closes in on iron ore restart Champion closes in on iron ore restart

Champion is hoping to give Bloom Lake a new lease of life

The two funds have agreed to provide the company with US$180 million as part of two separate loan facilities, which covers the majority of the C$326.

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