SMI holds 447 claims covering over 14,000 hectares in the province of Québec.
SMI’s objective is to advance its DSO projects, specifically, those closest to LIM’s existing operations, including the Silver Yards processing facility and established infrastructure in the Schefferville area.
Subject to detailed assessment, mine planning, permitting and financing, SMI’s deposits in Québec may commence production within the next few years.
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SMI is a wholly-owned subsidiary of Labrador Iron Mines (LIM), and SMI’s deposits form half of the 20 direct shipping iron ore deposits owned and operated by LIM. Further information on LIM’s operations and projects can be found at www.labradorironmines.ca.