NEW YORK, April 19, 2021 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of financial markets for
11,000 U.S. and global securities, today announced Champion Iron
Limited ("Champion" or "Company") (ASX: CIA; TSX: CIA; OTCQX:
CIAFF), an iron ore exploration and development company, has
qualified to trade on the OTCQX® Best Market. Champion Iron Limited
upgraded to OTCQX from the Pink® market.
Champion Iron Limited begins trading today on OTCQX under the
symbol "CIAFF." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies
seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and
demonstrate compliance with applicable securities laws.
B. Riley Securities, Inc. acted as the company's OTCQX
sponsor.
About Champion Iron Limited
The Company, through its
subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake
Mining Complex, located on the south end of the Labrador Trough,
approximately 13 km north of Fermont, Québec, adjacent to
established iron ore producers. The Bloom Lake Phase I plant has a
nameplate capacity of 7.4 Mtpa and produces a high-grade 66.2% Fe
iron ore concentrate with low contaminant levels, which has proven
to attract a premium to the Platts IODEX 62% Fe iron ore benchmark.
In addition to the ongoing Phase II expansion project, Champion
controls a portfolio of exploration and development projects in the
Labrador Trough, including the Kamistiatusset iron ore project
situated a few kilometres south east of Bloom Lake, and the Fire
Lake North iron ore project, located approximately 40 km south of
Bloom Lake. The Company sells its iron ore concentrate globally,
including to customers in China,
Japan, the Middle East, Europe, South
Korea, India and
Canada.
About OTC Markets Group Inc.
OTC Markets Group
Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB®
Venture Market and the Pink® Open Market for 11,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link ECN, we
connect a diverse network of broker-dealers that provide liquidity
and execution services. We enable investors to easily trade
through the broker of their choice and empower companies to improve
the quality of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated
by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.