Cliffs(CLF) - 2024 Q1 - Quarterly Results

EXHIBIT 99.1 NEWS RELEASE Cleveland-Cliffs Reports First-Quarter 2024 Results and Announces New $1.5 Billion Share Repurchase Program During the first quarter of 2024, the Company repurchased 30.4 million CLF common shares, fully utilizing the remaining balance of$608 million under the previously authorized $1 billion share repurchase program. The average stock purchase price for the entire program was$18.79 per share. Following the completion of the program, the Cliffs Board of Directors has authorized a ...