Altius Reports Champion Iron's Partnership with Nippon Steel and Sojitz Corporation on Kami
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Champion Iron Ore has announced a partnership with Nippon Steel and Sojitz Corporation, where they will acquire a 49% interest in the Kami project. This involves significant upfront payments and contributions towards the project.
December 19, 2024 | 1:15 pm
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Altius Minerals Corporation reports that Champion Iron Ore has partnered with Nippon Steel and Sojitz Corporation for a 49% stake in the Kami project. This partnership involves significant upfront payments to Champion.
The partnership between Champion Iron Ore and major corporations Nippon Steel and Sojitz Corporation is likely to enhance the value of the Kami project, benefiting Altius Minerals as it holds interests in Champion. The significant upfront payments indicate a strong commitment to the project, which could positively impact Altius's financials.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80