New Millennium Cap (NWLNF)

New Millennium Iron Corp is a Canadian, publicly-traded mining company aiming to develop iron ore projects in Northern Quebec and Labrador. Robert Martin first discovered iron ore deposit alongside Howells River in Labrador, Canada, in the 1960s. In 2003, he started New Millennium Capital Corp. (NML) and gathered together an experienced team with the shared vision of developing the deposit into a world-class iron ore project. In 2006, exploration by NML on an adjacent property at Lac Harris in Quebec indicated the vast extent of the deposit, which was named the Millennium Iron Range. New Millennium controls the emerging Millennium Iron Range, which holds the world's largest undeveloped iron ore deposits in the Province of Newfoundland and Labrador and in the Province of Quebec. In the same area, the Company is also advancing to near term production its DSO Project. Tata Steel, the world's sixth largest steel company, owns 19.9% of New Millennium and is the Company's largest shareholder and strategic partner. Tata has an exclusive option to fund the DSO Project and a commitment to take the resulting production and an exclusive right to negotiate and settle a proposed transaction in respect of the LabMag Project. The Millennium Iron Range currently hosts two advanced projects: LabMag contains 3.5 billion tonnes of reserves, 4.6 billion tonnes of Measured and Indicated resources and 1.1 billion tonnes of Inferred resources; KéMag contains 2.3 billion tonnes of Measured and Indicated resources and 1 billion tonnes of Inferred resources.