High Tide Resources Provides Update on the Labrador West Iron Ore Project

Core Insights - High Tide Resources Corp. is advancing its Labrador West Iron Ore Project, focusing on producing Direct Reduction (DR) grade pellets for low-carbon steelmaking [1][4] - The company has shipped approximately 5.6 tonnes of coarse reject drill core samples for beneficiation and metallurgical testing in Germany [2][4] - The Labrador West Iron Project hosts an inferred iron resource of 655 million tonnes at 28.84% Fe, with significant infrastructure advantages in the region [6][10] Beneficiation and Metallurgical Testing - The testwork aims to maximize iron recovery and minimize deleterious elements to meet specifications required by major steel producers [4][5] - Future testing will utilize technologies that rely on natural gas and hydrogen as clean energy sources for the DR-grade concentrate and pellets [5] Project Details - The Labrador West Iron Project is located in a region with a history of iron ore production, having produced over 2 billion tonnes to date [7] - The project is strategically positioned near key mining communities and has access to low-cost hydroelectricity and a railway with an 80 million tonnes per year capacity for transporting iron products [9] Company Overview - High Tide owns a 100% interest in the Labrador West Iron Project, which is exposed at surface and suitable for open-pit mining [10] - The company is also focused on developing mineral projects critical to infrastructure development while maintaining a strong social license from local communities [10][11]