Champion Iron (CIA) investor relations material

Corporate overview and market positioning

• Holds rare high-purity iron ore resources with 15M tpa nameplate capacity at 66.2% Fe and over US$4.5B invested at Bloom Lake.

• Management and Québec government own a combined 17.3% stake; enterprise value is approximately C$2.5B with C$348M EBITDA over the last 12 months.

• Actively optimizing Bloom Lake operations and advancing the Direct Reduction Pellet Feed (DRPF) project.

• Partnered with Nippon Steel and Sojitz for the Kami Project, targeting high-purity DR grade iron ore.

Industry trends and regulatory environment

• Steelmaking accounts for about 10% of global CO2 emissions, with 85% from iron ore reduction and smelting.

• Governments globally, including Canada, USA, China, and Europe, are supporting green steel initiatives and implementing carbon border taxes.

• DRI production is growing at a 6.2% CAGR since 2020, outpacing crude steel production, driven by the shift to DRI-EAF technology.

• Europe, Middle East, and North Africa are investing heavily in DRI/EAF capacity, with the GCC expected to double DRI capacity and account for nearly half of global DRI trade by 2050.

Product quality and environmental impact

• Bloom Lake produces high-purity iron ore concentrate, enabling up to 10% emissions reduction in BF-BOF and supporting DRI-EAF green steelmaking.

• DRPF project will upgrade half of Bloom Lake’s capacity to 69% Fe, targeting DR quality iron ore.

• Canadian iron ore has among the lowest carbon intensities globally, with Bloom Lake emitting 8.95 kg CO2/tonne, largely due to renewable hydroelectric power.

• Industry faces rising concerns over contaminants; Australian producers’ average acid gangue content increased by 12% over the last decade, while Bloom Lake maintains high purity.