middle.news
Cyclone Metals Secures USD 138m Vale Funding, Advances Iron Bear Pilot Production
5:39am on Monday 2nd of June, 2025 AEST
•
Mining
Read Story
Cyclone Metals Secures USD 138m Vale Funding, Advances Iron Bear Pilot Production
5:39am on Monday 2nd of June, 2025 AEST
Key Points
Binding development agreement with Vale S.A. for up to USD 138 million funding
Vale to earn 75% interest in Iron Bear Project through phased investment
First tranche of A$10 million funding received, plus A$1.2 million expense reimbursement
Successful pilot production runs delivering 71% Fe direct reduction concentrate and pellets
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Cyclone Metals (ASX:CLE)
OPEN ARTICLE