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Cyclone Metals and Vale Forge $138M Deal to Advance Iron Bear Project
7:34am on Monday 2nd of June, 2025 AEST
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Mining
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Cyclone Metals and Vale Forge $138M Deal to Advance Iron Bear Project
7:34am on Monday 2nd of June, 2025 AEST
Key Points
Vale to invest up to USD 138 million in two phases
Vale can earn up to 75% ownership with option to acquire remaining 25%
Iron Bear project located near key Canadian infrastructure
Focus on low-cost, ultra-low carbon iron ore products
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