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Champion IronTSX:CIA

Iron producer, with a project stated to be in Canada.

NoneCanada — as stated on the recordings

producer iron NoneCanada
Nov 2025Covered
7 of 10Topics on record
1 executiveNamed on the record
Stage
Producer
Primary commodity
Iron
Jurisdiction
Canada
Latest appearance
26 Nov 2025
On record
1 interview · 14 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
almost 500,000 tons removed from stockpile and sold
Management-stated David Cataford Nov 2025
Grade
roughly about 69% iron ore
Management-stated David Cataford Nov 2025
Money on hand
record sales of roughly about 4 million tons during the quarter
Stated capital need: just over $2 million in the site
Management-stated David Cataford Nov 2025
What happens next
beginning of next year
Management-stated David Cataford Nov 2025
The main open question
Management discloses C3 operating costs of $23–$25 per ton and a heavy capex run since 2017, though the exact capital intensity and path to profitability remain unclear from statements.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
5 independent voices on record — 4 constructive, 1 neutral
Chris Batalha, Rajesh Sharma, Joanne Jobin, Peter Ruse…
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Champion Iron's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

5 independent voices — people who do not speak for the company — across 5 mentions.

4 constructive 1 neutral
  • Chris Batalha “Cited as an example of successful iron ore operations in Quebec.”
  • Rajesh Sharma “Cited as part of Fancamp’s royalty package, specifically a finite payment expected to add value.”
  • Joanne Jobin “Mentioned as an AMQ member with Quebec operations. No investment view expressed.”
  • Peter Ruse “Referenced by Roose as a successful Quebec mining story and his personal investment inspiration; Michael O'Keefe sits on its board…”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management cites record quarterly sales of 4 million tons and a $6 billion replacement cost valuation against a sub-$2 billion market cap, positioning the asset as underpriced.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management cites record quarterly sales of 4 million tons and a $6 billion replacement cost valuation against a sub-$2 billion market cap, positioning the asset as underpriced. The company plans to upgrade half its output to 69% iron ore—among the world's highest grades—beginning next year, and has already moved 500,000 tons from a 3 million-ton stockpile at the Quebec site. An outside investor notes Champion exemplifies successful Quebec iron ore operations.

▼ Bear case

Management discloses C3 operating costs of $23–$25 per ton and a heavy capex run since 2017, though the exact capital intensity and path to profitability remain unclear from statements.

Read the full case

Management discloses C3 operating costs of $23–$25 per ton and a heavy capex run since 2017, though the exact capital intensity and path to profitability remain unclear from statements. An independent assessment of project financing, permitting risk, or debt levels is absent from the outside view, limiting conviction on execution risk and dilution potential.

◆ Watch next

The December delivery milestone for "this project" and first sales of upgraded tons beginning next year are the near-term catalysts.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The December delivery milestone for "this project" and first sales of upgraded tons beginning next year are the near-term catalysts. Monitor whether the grade upgrade to 69% iron ore materializes on schedule and how C3 costs move as production ramps to the stated 15 million tons per year.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 6 statements

The deposit 5

Key takeaway. In November 2025, Champion Iron management described a deposit with roughly about 69% iron ore and a production rate of roughly about 15 million tons per year.

Read the full summary

The company reported almost 500,000 tons removed from the stockpile and sold, with a current hybrid iron ore stockpile of 3 million tons at site. Management also cited over $6 billion US of replacement cost for the site as an indication of exploration upside.

What was actually said
exploration upside
over $6 billion US of replacement cost for our site
“we've got over $6 billion US of replacement cost for our site and we've got a market cap under $2 billion”
David Cataford· 26 Nov 2025·
grade
roughly about 69% iron ore
“half of our tons will then be upgraded to roughly about 69% iron or one of the highest grades in the world”
David Cataford· 26 Nov 2025·
resource size
almost 500,000 tons removed from stockpile and sold
“Yeah, we had almost 500,000 tons that were um removed from our stockpile and sold.”
David Cataford· 26 Nov 2025·
Show the other 2 statements
resource size
3 million tons of hybrid iron ore stockpile at site
“Hence we hit a pretty big stockpile at site roughly about 3 million tons of hybrid iron ore.”
David Cataford· 26 Nov 2025·
resource size
roughly about 15 million tons per year
“We produce roughly about 15 million tons per year and are now delivering our third project”
David Cataford· 26 Nov 2025·

Jurisdiction 1

What was actually said
country
Canada
“one of the only projects here in Canada that was able to uh operate through the whole lockdown”
David Cataford· 26 Nov 2025·

Economics 4 statements

Economics 3

Key takeaway. Champion Iron management discussed project economics in November 2025, reporting that C3 operating costs were running at about $23–$25 per ton.

Read the full summary

They noted capital expenditure was just over $2 million at the site and that revenue was about $175 million of a bid during the quarter.

What was actually said
capex
just over $2 million in the site
“I mean, if you you look at our company, we've been investing heavily for the past seven years. So, we've we've been on a pretty big capex run since 2017 when we started our first project, then doubled our uh production, now producing this new material. So we had we invested just over $2 million in the site”
David Cataford· 26 Nov 2025·
operating cost
C3 was in the area of about 23 24 $25 per ton
“if you look at freight costs the C3 was in the area of about 23 24 $25 per ton”
David Cataford· 26 Nov 2025·
revenue
about $175 million of a bid during the quarter
“So, we we hit about $175 million of a bid during the quarter.”
David Cataford· 26 Nov 2025·

Financing 1

What was actually said
cash position
record sales of roughly about 4 million tons during the quarter
“So, that's what helped us uh delivered record sales of roughly about 4 million tons during the quarter.”
David Cataford· 26 Nov 2025·

Timeline 2 statements

Timeline 2

Key takeaway. Management stated in November 2025 that a key milestone is expected in December of that year, with first production scheduled for the beginning of the following year.

What was actually said
first production
beginning of next year
“beginning of next year, we're going to start selling uh those tons into the market”
David Cataford· 26 Nov 2025·
milestone
December of this year
“And uh this project is due to be delivered in December of this year.”
David Cataford· 26 Nov 2025·

Corporate 2 statements

Management 1

What was actually said
insider ownership
over 10% of the business
“Management owns over 10% of the business.”
David Cataford· 26 Nov 2025·

Market 1

What was actually said
cost curve position
one of the highest grades in the world
“to transition half of our tons to one of the highest grades of iron or in the world”
David Cataford· 26 Nov 2025·

Outside views 5 mentions

5 mentions by people who do not speak for the company — 4 constructive, 0 cautious, 1 neutral. These are their views, not the company's.

Chris Batalha
bullish
Cited as an example of successful iron ore operations in Quebec.
Liberty and Finance· 15 Jun 2026·
Rajesh Sharma
bullish
Cited as part of Fancamp’s royalty package, specifically a finite payment expected to add value.
Rule Investment Media· 22 May 2026·
Joanne Jobin
neutral
Mentioned as an AMQ member with Quebec operations. No investment view expressed.
Crux Investor· 05 Dec 2025·
Peter Ruse
bullish
Referenced by Roose as a successful Quebec mining story and his personal investment inspiration; Michael O'Keefe sits on its board.
Crux Investor· 01 Nov 2025·
Show the other 1 mention
Referenced by Roose as a successful Quebec mining story and his personal investment inspiration; Michael O'Keefe sits on its board.
Crux Investor· 01 Nov 2025·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
26 Nov 2025 Crux Investor Champion Iron (TSX:CIA) Delivers Record Quarter - Ultra-High-Grade Start-Up & Cash Flow Boom in 2026 14

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

dr pellet feed project 1
iron ore (65% fe index) 1
kami project 1

Questions people ask

What is Champion Iron's project and where is it?

Champion Iron is a producer iron company, with a project stated to be in Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Champion Iron?

We track 1 interview mentioning Champion Iron, across 1 channel (Crux Investor).

What are investors saying about Champion Iron?

5 independent voices — people who do not speak for the company — are on record discussing it (4 bullish, 1 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Champion Iron cover?

The most-discussed topics on record are the deposit, economics, timeline, financing — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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