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Champion Iron (CIA) investor relations material

Champion Iron M&A Announcement summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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M&A Announcement summary22 Dec, 2025

Deal rationale and strategic fit

  • Acquisition expands presence in high-grade iron ore, diversifies geographically, and supports decarbonization and European market focus.

  • Enhances position in the green steel supply chain with access to renewable power, low-carbon operations, and proximity to European steel hubs.

  • Both companies share strong ESG credentials, similar cultures, and operational expertise, supporting integration and sustainable growth.

  • Diversifies product mix and client base, including magnetite for the chemical industry and synergies in logistics and product blending.

  • Both assets are in tier-one jurisdictions, supporting long-term growth ambitions.

Financial terms and conditions

  • All-cash offer at NOK 79 (US$7.79) per share, valuing the target at NOK 2,930 million (US$289–$290 million).

  • Funded through company cash, US$100 million private placement (3.5% discount to 20-day VWAP), and US$150 million term loan from Scotiabank.

  • Private placement results in 5% dilution and 8.5%–8.48% post-deal stake for the investor.

  • Term loan matures in four years, repaid quarterly after a two-quarter grace period.

  • Over 51% of target shareholders have pre-accepted the offer.

Synergies and expected cost savings

  • Opportunities for technical cooperation, output optimization, and product blending for European and North African markets.

  • Lower all-in sustaining costs and corporate tax rates at the acquired asset compared to existing operations.

  • Potential to expand magnetite sales and access higher-margin niche markets.

  • Collaboration on sales logistics, customer engagement, and capital return strategies.

  • Expected near-term accretive impact on revenue, EBITDA, and cash flows per share.

Elaborate on accretion drivers and timeline
Strategy for Rana Gruber's magnetite market?
Rationale for private placement share discount?
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Frequently asked questions

Champion Iron Limited is an Australiancompany specializing in the exploration and development of iron ore properties. It operates primarily in Canada, focusing on high-grade iron ore concentrate production. The company's key assets include the Bloom Lake Mine and Consolidated Fire Lake North project in Quebec, as well as the Kamistiatusset project in Newfoundland and Labrador, all located in the Labrador Trough region. Champion Iron sells its iron ore concentrate to a global market, including regions such as China, Japan, the Middle East, Europe, South Korea, India, and Canada. The company is headquartered in Montreal, Quebec, Canada, and its shares are listed on the Toronto Stock Exchange (TSX) under the symbol CIA.

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