Schefferville Mines Inc
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Labrador Iron Mines Holdings Limited (LIMH), through its majority-owned subsidiaries Labrador Iron Mines Limited (LIM) and Schefferville Mines Inc. (SMI), is engaged in the exploration and development of iron ore projects in the central Labrador Trough region, which is recognized as one of the major iron ore producing areas globally. The company holds extensive iron ore resources and mineral exploration claims across Newfoundland and Labrador as well as Quebec, primarily focusing on its direct shipping iron ore (DSO) projects and the Elizabeth Taconite Project.
LIMH is strategically positioned to resume mining operations and the development of its Houston Mine when market conditions permit, contingent upon successful financing and contract negotiations. The company benefits from existing infrastructure left by previous operations, including power sources, transportation networks, and a deepwater port, facilitating the efficient mining and distribution of high-quality iron ore products to Asian and European markets.
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