Work Advancing on Chibougamau's Mont Sorcier Iron/Vanadium Royalty Property

Core Insights - Chibougamau Independent Mines Inc. is highlighting updates from Cerrado Gold Inc. regarding the Mont Sorcier Iron/vanadium project in Quebec [1] - The project is undergoing detailed metallurgical testing and an infill drill program to update resources to Proven and Probable categories [2] - A Bankable Feasibility Study is in progress, aiming to provide detailed insights into the project's potential, with a previous NPV of US$1.6 billion based on a 65% iron concentrate [3] Project Development - The Mont Sorcier project is focused on producing high-purity DRI grade iron ore concentrate, with expectations of exceeding 67% iron content [3] - The ongoing workstreams are fully engaged, and assay results are pending [2] - Chibougamau Independent Mines holds a 2% Gross Metal Royalty on iron and vanadium production from the Mont Sorcier property [4]