middle.news
Cyclone Metals Secures $18M Vale Backing, Advances Iron Bear to Pilot Production
7:03pm on Monday 2nd of June, 2025 AEST
•
Mining
Read Story
Cyclone Metals Secures $18M Vale Backing, Advances Iron Bear to Pilot Production
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Signed Memorandum of Understanding with Vale S.A. for Iron Bear development
Vale to invest up to USD 18 million in Phase 1 de-risking studies
Pilot production of world-class direct reduction pellets completed
Vale may increase ownership to 75% upon Decision to Mine or USD 120 million investment
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Cyclone Metals (ASX:CLE)
OPEN ARTICLE