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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 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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