This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
- Lac Otelnuk Iron Ore project is one of the largest iron ore projects in North America situated in Labrador Trough, Northern Quebec, Canada. It is 100% owned by MetalQuest Mining. Lac Otelnuk Project is surrounded by huge projects, including by majors like Rio Tinto, Tata Steel, Arcelor Mittal, mid-tier like Champion Iron and juniors such as Oceanic Iron Ore.
- MQM owns 306 claims in the block shown in this figure, including the concentration of 75 claims in the middle that will cover the main historic resource.
- To date, over $150 million has been spent on the project to date, with Met-Chem presenting a historic NI 43-101 compliant Feasibility Study and Technical Report in 2015. MQM now plans to do the following:
- Complete project due diligence and establish a technical team
- Establish a Joint Venture partner to fund the project.
- Connect with First Nations to complete MOU and contact Quebec government officials
- The Labrador Trough Advantage – A large iron ore belt developed on banded iron formations and has had mining operations since 1954. The vast majority of North American iron ore is mined in this region. Click on the Labrador Trough slideshow to learn more.