Last C$0.42 CAD
Change Today +0.01 / 2.44%
Volume 34.9K
NML On Other Exchanges
As of 9:58 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

new millennium iron corp (NML) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/25/13 - C$0.95
52 Week Low
03/21/14 - C$0.40
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for NEW MILLENNIUM IRON CORP (NML)

Related News

No related news articles were found.

new millennium iron corp (NML) Related Businessweek News

No Related Businessweek News Found

new millennium iron corp (NML) Details

New Millennium Iron Corp. explores for and develops magnetic iron ore deposits in Canada. The company holds interests in the Millennium Iron Range, which comprise the LabMag project and the KéMag project, as well as other taconite deposits located in the province of Newfoundland and Labrador and in the province of Québec. It has a strategic partnership with Tata Steel Limited. The company was formerly known as New Millennium Capital Corp. and changed its name to New Millennium Iron Corp. in June 2011. New Millennium Iron Corp. was founded in 2003 and is headquartered in Calgary, Canada.

36 Employees
Last Reported Date: 03/25/14
Founded in 2003

new millennium iron corp (NML) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$223.9K
Executive Vice Chairman and Member of Environ...
Total Annual Compensation: C$272.5K
Vice-President of Investor Relations & Corpor...
Total Annual Compensation: C$189.0K
Senior Vice President of Development
Total Annual Compensation: C$207.1K
Vice President of Process & Plant Engineering
Total Annual Compensation: C$205.5K
Compensation as of Fiscal Year 2012.

new millennium iron corp (NML) Key Developments

New Millennium Iron Corp Announces the Results of the Techno-Economic Viability of the Taconite Project Feasibility Study

New Millennium Iron Corp. announced the results of the techno-economic viability of the Taconite Project Feasibility Study, which was jointly undertaken by Tata Steel Limited and NML, and financed by the parties on a 64% - 36% basis, respectively. Under the Taconite Project Heads of Agreement dated March 6, 2011, Tata Steel retains the option to participate in the development in due course, of one or both of the LabMag, and KéMag deposits. The Study consists of three separate scenarios, one for the development of KéMag deposit (100% owned by NML), one for LabMag deposit (80% owned by NML and 20% owned by the Naskapi Nation of Kawawachikamach) and the third which combines the development of the LabMag and KéMag deposits simultaneously. The Study covering all the three scenarios is collectively referred to as the Taconite Project. Only the LabMag and KéMag deposits will be included in the NI 43-101 Technical Report. The choice of scenario to be developed will be made at the time of the investment decision. The Study Manager is a well-known international consulting firm and, in preparing the Study, was supported by a number of consultants specialized in their respective fields. The Capex and Opex details from the Study have been used by the Corporation to compile the financial summary. Infrastructure related items in the mine, ferroduct and port are proposed to be owned by third parties and leased to the Project. A reputed international accounting firm was engaged to review the financial model. In preparation for publication of the highlights of the Study, NML has engaged Met-Chem Canada Inc., Montreal, Quebec, to compile a National Instrument 43-101 compliant Technical Report for each of the LabMag and KéMag projects, which is required to be filed on SEDAR within 45 days of publication of this news release. Project Assumptions: Production of 22 million metric tonnes per year of concentrate to produce 17.0 Mtpy of pellets and 6.0 Mtpy of pellet feed. (Actual total is estimated to be 23 Mtpy due to weight gain during the pelletizing process). Pellet production consists of 12 Mtpy of low silica (2.5% SiO2) blast furnace grade fluxed pellets and 5 Mtpy of direct reduction grade pellets with 1.8% SiO2. 6 Mtpy of pellet feed containing > 69.0% Fe and 2.2% SiO2. Product prices are based on a long term price forecast of $103 for 62% Fe fines CFR North Chinese ports.

New Millennium Iron Corp. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

New Millennium Iron Corp. announced earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company's net loss was $1,609,000 or $0.01 per share compared to a net loss of $2,187,000 or $0.01 per share for the comparative period in 2012. The most significant item in comparing the 2013 fourth quarter's net loss to the loss in the prior year's comparative period is a decrease in general and administrative expenses from $2,572,000 to $1,761,000. Partially offsetting this decrease in expenses is a decrease in service fee revenue to $32,000 in fourth quarter 2013 from $155,000 in fourth quarter 2012 and a decrease in investment income to $120,000 in fourth quarter 2013 from $229,000 in fourth quarter 2012. For the year, the company’s net loss for the year ended December 31, 2013, was $7,721,000 or $0.04 per share compared to a net loss of $9,062,000 or $0.05 per share for the 2012 fiscal year. This loss includes service fee revenue of $235,000, operating expenses of $8,642,000, net of investment and other income of $686,000.

New Millennium Iron Corp. Announces the Results of the 2012 Drill Program

New Millennium Iron Corp. announced the results of the 2012 drill program conducted on the DSO Project by Tata Steel Minerals Canada Ltd. Three deposits were drilled in Area 4: Kivivic 1C, Kivivic 2 and Kivivic 5 The drilling consisted of 28 exploration and definition holes for a total of 1,387.3 meters resulting in a 23.45% increase in the Indicated resource estimate compared to the most recent resource estimate published in 2012 (NR 12-14). The gravity anomaly drilled is one of the 13 strong gravity anomalies outlined by the 2010 Airborne Magnetometer and Gravity survey (NR11-03) and the follow up ground gravity survey (NR12-12).


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
NML:CN C$0.42 CAD +0.01

NML Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Adriana Resources Inc C$0.17 CAD -0.005
Alderon Iron Ore Corp C$1.60 CAD -0.03
Century Iron Mines Corp/ON C$0.63 CAD 0.00
Champion Iron Ltd A$0.54 AUD +0.02
Labrador Iron Mines Holdings Ltd C$0.11 CAD -0.005
View Industry Companies

Industry Analysis


Industry Average

Valuation NML Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 302.1x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 173.8x

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact NEW MILLENNIUM IRON CORP, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at