Baffinland Welcomes Addition of High-Purity Iron Ore to Canada’s Critical Minerals List

Oakville, ON – Baffinland Iron Mines Corporation applauds the recent decision by the Government of Canada to include high-purity / grade iron ore on the country’s Critical Minerals List. This designation underscores the strategic importance of high-grade iron ore in Canada’s economic and industrial landscape.

The inclusion of high-grade iron ore reflects its vital role in various key sectors, including steel production, infrastructure development, and advanced manufacturing. As a leading producer of high-grade iron ore, Baffinland is committed to ensuring the supply of this essential mineral through sustainable and responsible mining practices.

"This recognition of high-grade iron ore as a critical mineral aligns with our mission to deliver high-quality products while fostering sustainable development," said Brian Penney, CEO of Baffinland Iron Mines Corporation. "We are proud to contribute to Canada's critical minerals strategy and to support the growth of industries that are foundational to our economy."

This change will also open up additional investment sources for Baffinland, both from the public and private sector. Baffinland already has strong financial support and we expect this announcement to add further momentum to the financing of the Steensby Component.

Baffinland's operations are centered in the Mary River Mine, located on Baffin Island in Nunavut. The mine is known for its exceptionally high-quality iron ore, which requires less energy to process and thus has a lower environmental impact compared to lower-grade alternatives.

The addition of high-grade iron ore to the Critical Minerals List will not only enhance the stability and security of Canada’s mineral supply chains but also drive innovation and economic growth. Baffinland looks forward to continuing its collaboration with government, industry partners, and especially Inuit communities and organizations, in order to maximize the benefits of this strategic designation.

For any questions or media requests:

Peter Akman
Head of Stakeholder Relations & Communications
Tel. +1 (289) 834 0744
Email: peter.akman@baffinland.com
Web: https://baffinland.com/

Baffinland Iron Mines Corporation is jointly owned by The Energy and Minerals Group and ArcelorMittal, and operates the Mary River high-grade iron ore mine located on Baffin Island, Nunavut, Canada. Nunavut’s high-grade iron ore is among the richest iron ore deposits ever discovered.

The Mary River Mine produces the highest grade direct shipping iron ore in the world. What sets this operation apart from many others in that the iron ore is crushed and screened on site, and then shipped directly to markets – no concentrating or processing is needed, and as a result, no tailings are produced.

Baffinland is committed to operating in an environmentally and socially responsible manner that benefits Inuit, Nunavummiut and all other stakeholders.

Learn more at baffinland.com and follow us on Twitter, Facebook and LinkedIn.

 

ᐹᕙᓐᓛᓐᑯᑦ ᑐᖓᓱᒃᑎᑦᑎᔪᑦ ᐃᓚᓯᓕᐅᔾᔭᐅᓂᖓᓄᑦ ᐱᐅᓛᑦ−ᐃᓚᐅᖅᓯᒪᖏᑦᑐᑦ ᓴᕕᒃᓴᖅ ᑲᓇᑕᒥ ᐅᔭᕋᖕᓂᐊᒐᒃᓴᓪᓚᑦᑖᖑᖅᑎᑕᐅᓂᖓᓄᑦ ᑎᑎᕋᖅᓯᒪᔪᓂᑦ

ᐆᒃᕕᐅᓪ, ᐋᓐᑎᐅᕆᐆ - ᐹᕙᓐᓛᓐ ᓴᕕᒃᓴᓂᒃ ᐅᔭᕋᖕᓂᐊᖅᑏᑦ ᑯᐊᐳᕇᓴᖓᑦ ᐅᐱᒋᔭᖓᑦ ᐃᓱᒪᓕᐅᕈᑕᐅᕋᑖᖅᑐᖅ ᒐᕙᒪᖏᓐᓂ ᑲᓇᑕᒥ ᐃᓚᓕᐅᔾᔨᓂᖏᓐᓄᑦ ᐱᐅᓛᒥ−ᐃᓚᐅᕆᐊᖃᖏᑦᑐᒥ / ᓴᕕᕋᒃᓴᑦᑎᐊᕙᐅᓛᓂᒃ ᑲᓇᑕᒥ ᐅᔭᕋᖕᓂᐊᒐᒃᓴᑦ ᐱᕐᔪᐊᖑᓪᓗᑎᒃ ᑎᑎᕋᖅᓯᒪᔪᑦ. ᑕᒪᓐᓇ ᑭᒃᑯᐊᖅᑕᐅᓯᒪᓂᒋᔭᖓ ᖃᓄᖅᑑᕈᑎᐅᔫᑉ ᐱᒻᒪᕆᐅᓂᖏᓐᓂ ᐅᔭᕋᖕᓂᐊᒐᒃᓴᓪᓚᑦᑖᖑᖅᑎᑕᐅᓂᖓᓄᑦ ᑲᓇᑕᒥ ᒪᑭᒪᔾᔪᑎᑎᒍᑦ ᐊᒻᒪᓗ ᓴᓇᕕᐅᔪᑦ ᓄᓇᖓᓂ.

ᐃᓚᐅᔾᔭᐅᓂᖓ ᓴᕕᒃᓴᑦᑎᐊᕙᐅᓂᖅᐹᖅ ᓴᖅᑭᔮᖅᑎᑦᑎᔪᖅ ᐱᓕᕆᐊᒃᓴᓪᓚᕆᖏᓐᓂᒃ ᐊᔾᔨᒌᙱᑦᑐᓂ ᐱᓕᕆᕝᕕᓪᓗᐊᑕᕐᓂ, ᐃᓚᐅᓪᓗᓂ ᓴᕕᕋᔭᓕᐅᕐᓂᖅ, ᒪᑭᒪᔾᔪᑎᓂᒃ ᐱᕙᓪᓕᐊᑎᑦᑎᓂᖅ, ᐊᒻᒪᓗ ᓯᕗᕙᕆᐊᕐᓗᓂ ᓴᓇᕙᓪᓕᐊᓂᖅ. ᓯᕗᓕᖅᑎᐅᓪᓗᑕ ᐅᔭᕋᖕᓂᐊᖅᑎᐅᑎᓪᓗᑕ ᓴᕕᒃᓴᑦᑎᐊᕙᐅᓂᖅᐹᒥᒃ, ᐹᕙᓐᓛᓐᑯᑦ ᐊᖏᖅᓯᒪᑦᑎᐊᖅᑐᑦ ᐱᑕᖃᖅᑎᑦᑎᓗᑎᒃ ᑕᒪᑐᒥᖓ ᐅᔭᕋᖕᓂᐊᖅᑕᐅᔭᕆᐊᖃᓪᓚᕆᒃᑐᒥᒃ  ᑲᔪᓰᓐᓇᕈᓐᓇᖅᑐᒃᑯᑦ ᐊᒻᒪᓗ ᑲᒪᑦᑎᐊᕐᓗᑎᒃ ᐅᔭᕋᖕᓂᐊᕐᓂᕐᒥ ᐱᐅᓯᐅᕙᒃᑐᓂᒃ.

 “ᐃᓕᓴᕆᔭᐅᓂᖓ ᓴᕕᒃᓴᑦᑎᐊᕙᐅᓛᖅ ᐅᔭᕋᖕᓂᐊᖅᑕᐅᔭᕆᐊᖃᓪᓚᕆᖕᓂᖓ ᒪᓕᒃᑐᖅ ᐱᓕᕆᐊᒃᓴᑦᑎᓐᓄᑦ ᓴᖅᑮᓗᑎᒃ ᓂᐅᕐᕈᑎᒃᓴᑦᑎᐊᕙᓂᒃ ᑲᒪᓯᓐᓈᕐᓗᑎᒃ ᑲᔪᓰᓐᓇᕈᓐᓇᖅᑐᒃᑯᑦ ᐱᕙᓪᓕᐊᑎᑦᑎᓂᕐᒥᒃ” ᐅᖃᖅᑐᑦ ᐳᕋᐃᔭᓐ ᐱᓂ, ᐊᖏᔪᖅᑳᖅ ᐹᕙᓐᓛᓐ ᓴᕕᒃᓴᓂᒃ ᐅᔭᕋᖕᓂᐊᖅᑏᑦ ᑯᐊᐳᕇᓴᖏᓐᓄᑦ. “ᐅᐱᒍᓱᒃᑐᒍᑦ ᐃᑲᔪᕆᐊᒃᓴᖅ ᑲᓇᑕᒥ ᐅᔭᕋᖕᓂᐊᖅᑕᐅᔭᕆᐊᖃᓪᓚᕆᒃᑐᓄᑦ ᖃᓄᖅᑑᕈᑕᐅᔪᑦ ᐃᑲᔪᖅᑐᖅᑕᐅᖁᓪᓗᖏᑦ ᐱᕈᖅᐸᓪᓕᐊᓂᖏᑦ ᓴᓇᕝᕕᐅᔪᑦ ᑐᙵᕕᓪᓗᕆᒋᔭᕗᑦ ᒪᑭᒪᔾᔪᑎᑦᑎᓐᓄᑦ”

ᑕᒪᓐᓇ ᐊᓯᔾᔨᕐᓂᖅ ᐅᒃᑯᐃᖅᑎᕆᓂᐊᕐᒥᔪᖅ ᑮᓇᐅᔭᓕᐅᕈᑕᐅᒃᑲᓐᓂᕈᓐᓇᖅᑐᓂᒃ ᐹᕙᓐᓛᑯᓐᓄᑦ, ᑕᒪᐃᓐᓄᑦ ᑕᐃᑲᖓ ᑭᒃᑯᑐᐃᓐᓇᕐᓄᑦ ᐊᒻᒪ ᓇᖕᒥᓂᖅᓱᖅᑐᓂᑦ.  ᐹᕙᓐᓛᓐᑯᑦ ᐃᑲᔪᖅᑐᖅᑕᐅᔾᔪᐊᖅᓯᒪᔪᑦ ᑮᓇᐅᔭᑎᒍᑦ ᐊᒻᒪᓗ ᓂᕆᐅᒃᖢᑕ ᑕᒪᓐᓇ ᑐᓴᖅᑎᑦᑎᔾᔪᑕᐅᔪᖅ ᐃᓚᓯᒃᑲᓐᓂᕐᓂᐊᕐᓂᖓᓂᒃ ᑲᔪᓯᓂᕐᒥᒃ ᑮᓇᐅᔭᖃᖅᑎᑕᐅᓂᖓᓄᑦ ᐃᒃᐱᑭᑦᑐᕐᔪᐊᓕᕆᓂᖅ.

ᐹᕙᓐᓛᓐᑯᑦ ᐊᐅᓚᓂᖏᑦ ᑐᖅᑲᖅᑕᕐᕕᓖᑦ ᓄᓘᔮᖕᓂ ᐅᔭᕋᖕᓂᐊᕐᕕᕐᒥᒃ, ᕿᑭᖅᑖᓗᖕᒦᖢᓂ ᓄᓇᕗᒻᒥ. ᐅᔭᕋᖕᓂᐊᕐᕕᒃ ᖃᐅᔨᒪᔭᐅᔪᖅ ᐱᐅᔪᒻᒪᕆᐊᓗᖕᒥ ᓴᕕᒃᓴᑦᑎᐊᕙᐅᓂᖅᐹᖃᕐᓂᖓᓂᒃ, ᐊᑐᓗᐊᕆᐊᖃᖏᖦᖢᓂ ᐅᒻᒪᖅᑯᑎᓂ ᑲᒪᒋᔭᐅᑎᓪᓗᒍ ᐊᒻᒪᓗ ᐊᕙᑎᒥᒃ ᐊᒃᑐᐃᓂᙱᓐᓂᖅᓴᐅᓪᓗᓂ ᖃᓄᐃᓐᓂᖅᓴᐅᓂᖏᑦ ᕿᒥᕐᕈᓪᓗᒋᑦ ᓴᕕᒃᓴᑦᑎᐊᕙᐅᓪᓗᐊᙱᑦᑐᓂᒃ ᐊᑐᖅᑕᐅᖔᖅᐸᒃᑐᑦ.

ᐃᓚᔭᐅᓂᖓ  ᓴᕕᒃᓴᑦᑎᐊᕙᐅᓛᖅ ᐅᔭᕋᖕᓂᐊᖅᑕᐅᔭᕆᐊᖃᓪᓚᕆᒃᑐᓄᑦ ᑎᑎᕋᖅᑕᐅᓯᒪᔪᓄᑦ ᐱᐅᓯᒋᐊᕆᑐᐃᓐᓇᔾᔮᙱᑦᑐᖅ ᓱᕐᕌᖏᓐᓂᖓᓂᒃ ᐊᒻᒪᓗ ᖃᓄᐃᓪᓕᔾᔭᐃᖅᓯᒪᓂᖏᑦ ᑲᓇᑕᒥ ᐅᔭᕋᖕᓂᐊᒐᒃᓴᓂᑦ ᓱᓇᒃᑯᑖᖃᖅᑎᑦᑎᕙᒃᑐᑦ ᑭᓯᐊᓂᓕᑦᑕᐅᖅ ᐱᔾᔪᑕᐅᓂᐊᖅᑐᑦ ᐃᓱᒪᑐᓯᒪᔪᓂᒃ ᐊᒻᒪᓗ ᒪᑭᒪᔾᔪᑏᑦ ᐱᕈᖅᐸᓪᓕᐊᖁᓪᓗᒋᑦ. ᐹᕙᓐᓛᓐᑯᑦ ᓂᕆᐅᒃᑐᑦ ᑲᑐᔾᔨᖃᑎᖃᐃᓐᓇᕐᓂᐊᕐᓂᖏᓐᓂᒃ ᒐᕙᒪᓂᒃ, ᓴᓇᕝᕕᐅᔪᓂ ᐱᓕᕆᖃᑎᒋᔭᐅᔪᓂᒃ, ᐱᓗᐊᖅᑐᒥᓪᓗ ᐃᓄᐃᑦ ᓄᓇᖏᓐᓂᒃ ᑎᒥᐅᔪᓂᓪᓗ, ᐱᕚᓪᓕᕈᑎᖃᓛᖑᔪᓐᓇᖁᓪᓗᒋᑦ ᑕᒪᑐᒪᙵᑦ ᖃᓄᖅᑑᕈᑕᐅᓯᒪᔪᒧᑦ ᑎᒃᑯᐊᖅᓯᔾᔪᑎᒥ.

ᖃᓄᑐᐃᓐᓇᖅ ᐊᐱᖅᑯᑎᒃᓴᓄᑦ ᐅᕝᕙᓘᓐᓃᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᓂᕐᒧᑦ ᑐᒃᓯᕋᐅᑎᓄᑦ:

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ᑎᒍᒥᐊᖅᑎᐅᖃᑕᐅᔪᓄᑦ ᑭᒡᒐᖅᑐᐃᔨᓄᑦ ᑐᓴᐅᒪᑎᑦᑎᓂᕐᒧᓪᓗ
ᐅᖃᓘᑖ: +1 (289) 834 0744
ᖃᕆᓴᐅᔭᒃᑯᑦ ᐃᕐᖐᓐᓇᖅᑕᐅᑎᒃᑯ: peter.akman@baffinland.com
ᖃᕆᓴᐅᔭᒃᑯᑦ ᐃᑭᐊᖅᑭᕕᒃ: https://baffinland.com/

ᐹᕙᓐᓛᓐ ᓴᕕᒃᓴᓂᒃ ᐅᔭᕋᖕᓂᐊᖅᑏᑦ ᑯᐊᐳᕇᓴᖓᑦ ᑲᑐᔾᔨᖃᑎᒌᖕᓂᒃᑯᑦ ᓇᖕᒥᓂᕆᔭᐅᔪᖅ  ᐆᒻᒪᖅᑯᑏᑦ ᐊᒻᒪᓗ ᐅᔭᕋᖕᓂᐊᒐᒃᓴᓄᑦ ᐱᓕᕆᖃᑎᒌᓂ ᐊᒻᒪ ᐋᓯᓗᒥᑐᒃᑯᓐᓂ ᐊᐅᓚᑦᑎᓪᓗᑎᒡᓗ ᓄᓘᔮᖕᓂ ᓴᕕᒃᓴᑦᑎᐊᕙᐅᓂᖅᐹᒥᒃ ᐅᔭᕋᖕᓂᐊᕐᓂᕐᒥ ᕿᑭᖅᑖᓗᖕᓃᖦᖢᓂ, ᓄᓇᕗᑦ, ᑲᓇᑕᒥ. ᓄᓇᕗᒻᒥ ᓴᕕᒃᓴᑦᑎᐊᕙᐅᓂᖅᐹᖅ ᐱᐅᓛᖑᓪᓗᓂ ᓇᓂᔭᐅᓯᒪᔪᖅ.

ᓄᓘᔮᖕᓂ ᐅᔭᕋᖕᓂᐊᕕᒃ ᐅᔭᕋᖕᓂᐊᓱᖅ ᐱᐅᓛᓂᒃ ᐊᐅᓪᓚᖅᑎᑕᐅᑲᐅᑎᒋᔪᓐᓇᖅᑐᓂᒃ ᓴᕕᒃᓴᓂᒃ ᓄᓇᕐᔪᐊᒥ. ᑖᓐᓇ ᐊᔾᔨᐅᙱᔾᔪᑎᖓ ᐊᓯᖏᓐᓂᒃ ᐊᒥᓱᓂ ᑕᒪᓐᓇ ᓴᕕᒃᓴᖅ ᓯᖃᓪᓕᔭᐅᓪᓗᓂ ᐊᕕᒃᑐᖅᑕᐅᓪᓗᓂ ᐅᔭᕋᖕᓂᐊᕐᕕᖕᒥ, ᐊᒻᒪ ᐊᐅᓪᓚᖅᑎᑕᐅᑲᐅᑎᒋᓪᓗᓂ ᓂᐅᕐᕈᓯᕐᕕᖕᓂᑦ - ᐃᓚᐅᕈᑎᖃᙱᖢᓂ ᑲᒪᒋᔭᐅᔾᔪᑎᖃᙱᖢᓂ, ᑕᐃᒪᐃᓐᓂᖓᓄᑦ ᐅᕕᓂᖕᒧᑦ ᐆᓐᓇᖅᑐᓕᖕᓂᒃ ᑕᓯᕋᓕᐅᖅᐸᙱᑦᑐᑦ.

ᐹᕙᓐᓛᓐᑯᑦ ᐊᖏᖅᓯᒪᑦᑎᐊᖅᑐᑦ ᐊᐅᓚᓂᖃᕐᓗᑎᒃ ᐊᕙᑎᒥᒃ ᐊᒻᒪᓗ ᐃᓅᖃᑎᒌᑦᑎᐊᕐᓂᕐᒥᒃ ᑲᒪᑦᑎᐊᕐᓗᑎᒃ ᐃᑲᔫᑎᖃᕐᓂᐊᖅᑐᓂᒃ ᐃᓄᖕᓂᒃ, ᓄᓇᕗᒻᒥᐅᓂᒃ ᐊᒻᒪᓗ ᐊᓯᖏᓐᓂ ᐱᖃᖃᑕᐅᔪᓕᒫᓂᑦ.

ᐃᓕᑦᑎᒃᑲᓐᓂᕈᒪᒍᕕᑦ ᖃᕆᓴᐅᔭᒃᑯᑦ ᑕᑯᔭᖅᑐᕐᓗᒍ ᐅᕗᖓ baffinland.com ᐊᒻᒪᓗ ᒪᓕᕐᓗᒋᑦ ᑐᐃᑐᒃᑯᑦ, ᕙᐃᔅᐳᒃᑯᑦ ᐊᒻᒪᓗ ᓕᓐᑭᓐ.