CHAMPION IRON TO LAUNCH CASH TENDER OFFER TO ACQUIRE RANA GRUBER, RECEIVES FINANCIAL SUPPORT FROM LA CAISSE AND A TERM LOAN COMMITMENT FROM SCOTIABANK

MONTRÉAL, Dec. 21, 2025 CNW SYDNEY, December 22, 2025 Champion Iron Restricted (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) (“Champion” or the “Firm”) in the present day introduced that it has entered right into a transaction settlement (the “Transaction Settlement”) with Rana Gruber ASA (“Rana Gruber”), a number one Norwegian producer of high-grade iron ore, on phrases of a conditional really useful voluntary money tender provide to accumulate all the issued and excellent shares of Rana Gruber at a value of NOK 79 (US$7.79) per share (the “Provide”), representing a complete fairness worth of roughly NOK 2,930 million (US$289 million) (the “Transaction”). The Transaction is unanimously supported by Rana Gruber’s govt administration and board of administrators, and shareholders proudly owning roughly 51% of Rana Gruber’s issued and excellent shares have entered into separate pre-acceptance undertakings, whereby they’ve agreed, topic to the phrases and circumstances thereof, to tender their shares into the Provide. The Firm expects to fund the Transaction by way of a mix of fairness, debt, and money readily available, together with a US$100 million fairness non-public placement (the “Non-public Placement”) with Caisse de dépôt et placement du Québec (“La Caisse”), a world funding group and long-standing monetary companion of the Firm, and a totally dedicated time period mortgage within the quantity of US$150 million (the “Time period Mortgage”) solely underwritten by The Financial institution of Nova Scotia (“Scotiabank”).

For additional particulars concerning this announcement, readers are referred to the joint voluntary money tender provide announcement in respect of the Transaction (the “Announcement”) beforehand launched in Norway on the date hereof in accordance with relevant Norwegian securities legal guidelines and which may be discovered beneath Rana Gruber’s profile on Euronext Oslo Børs’ digital info system at https://newsweb.oslobors.no. This press launch ought to be learn at the side of, and is topic to, the total textual content of the Announcement.

Convention Calls and Webcasts Particulars

Champion will host two convention calls and webcasts to debate the Transaction, which may be accessed from the Traders part of the Firm’s web site at www.championiron.com/traders/events-presentations or by dialing toll free +1-888-699-1199 inside North America or +61-2-8017-1385 from Australia. Particulars concerning the web archive and replay numbers can be found on the finish of this press launch.

• December 21, 2025, at 17:00 PM (Montréal time) / December 22, 2025, at 9:00 AM (Sydney time)
• December 22, 2025, at 9:30 AM (Montréal time) / December 23, 2025, at 1:30 AM (Sydney time)

Transaction Highlights

The Transaction positions Champion to capitalize on various strategic advantages, together with:

• Lengthy lifetime of mine asset in a steady jurisdiction with entry to renewable energy;
• Confirmed iron ore producer with steady manufacturing courting again to the 1960’s, not too long ago producing at over 1.8 million tons every year of high-grade iron ore, together with a undertaking to improve manufacturing to 65% Fe iron ore focus;
• Strong money stream margins, supported by aggressive all-in sustaining prices and proximity to clients;
• Historical past of producing sturdy money flows, together with trailing 4 quarter revenue of NOK 333.5 million (US$32.9 million), EBITDA¹ of NOK 592.3 million (US$58.4 million), and common money value per metric tons produced¹ of NOK 565 (US$55.7);
• Growth of Champion’s product portfolio, together with completely different blends of high-grade iron ore focus and magnetite iron ore used within the chemical trade which magnetize premiums to the Platts IODEX 65% Fe CFR China index (“P65”);
• Creation of a bigger and extra diversified high-grade iron ore producer with alternatives to collaborate on gross sales logistics, together with a longtime buyer focus in Europe, additional diversifying the Firm’s gross sales combine;
• Anticipated near-term accretive impression per odd share of Champion’s income, EBITDA and money flows from working actions;
• Monetary leverage ratios are anticipated to be maintained at closing close to current ranges by way of the proposed financing construction;
• Aligned imaginative and prescient to service the inexperienced metal provide chain with Rana Gruber’s current improve to 65% Fe iron ore focus and potential alternatives for added grade enhancements; and
• La Caisse’s strategic funding on this proposed acquisition underscores its continued dedication to the Firm, whereas enabling the growth and diversification of its asset base each inside Québec and throughout worldwide markets.

Champion’s CEO, Mr. David Cataford, stated, “The proposed acquisition of Rana Gruber helps our imaginative and prescient to collaborate in decarbonizing the metal trade by leveraging Rana Gruber’s high quality assets and confirmed iron ore operations. The Transaction affords a beautiful worth proposition for our shareholders, together with an anticipated constructive impression on our monetary outcomes, and strengthens Champion’s management within the world high-quality iron ore trade by diversifying our asset base and product portfolio. In our overview of this chance and dialogue with Rana Gruber, we’ve recognized a number of alternatives, together with technical cooperation, buyer engagement, and asset enchancment potential. The bigger entity created by this Transaction will allow Champion to proceed contemplating natural development initiatives and optimizing its capital return methods. By means of our collaboration with Rana Gruber’s administration group, we intend to uphold our dedication to making a constructive impression for the native communities the place we function. We additionally thank our monetary companions, together with La Caisse and Scotiabank, for his or her continued help as we enter new markets, creating a world working mannequin to service the inexperienced metal provide chain.”

La Caisse’s Managing Director, Giant Capitalizations, Québec, Mr. Jacques Marchand, stated, “With this funding, La Caisse reaffirms its long-standing dedication to Champion, a acknowledged chief in high-quality iron ore mining operations and improvement. This acquisition strengthens the corporate’s place as a key participant within the high-grade iron ore market — a vital mineral in metal decarbonization — whereas supporting its long-term development ambitions. It is also aligned with our technique to foster the sustainable development and world attain of corporations firmly rooted in Québec.”

About Rana Gruber

Rana Gruber is a Norwegian iron ore producer based mostly in Mo i Rana, Nordland, with the owned properties benefiting from an heritage tracing again over 200 years of mining experience. Rana Gruber was established in 1964 and listed on the Oslo inventory alternate in 2021. Rana Gruber’s present mining operations draw from an underground operation and close by open pits, and advantages from an in depth useful resource base to probably preserve present manufacturing ranges for many years. The mining space is related by a typical service railway roughly 35 kilometres from its coastal processing plant, which has direct entry to its devoted port facility. Rana Gruber extracts and processes pure mineral assets to supply various kinds of iron ore focus. Accordingly, the corporate produces two completely different hematite iron ore concentrates, together with a current improve to 65% Fe high quality, supposed primarily for metal manufacturing with clients centered in Europe. Moreover, Rana Gruber produces a magnetite iron ore focus, a excessive purity iron-oxide product that finds use in sectors exterior conventional metallurgy, corresponding to water purification and industrial chemical functions centered in Europe, and has attracted a premium to the P65 index by way of time. With its entry to renewable energy, the corporate advantages from one of many lowest carbon emissions per ton of iron ore focus within the world trade.

As at September 30, 2025, Rana Gruber had present lease liabilities of NOK 95.4 million (US$9.4 million) and non-current lease liabilities of NOK 189.3 million (US$18.7 million). Other than leases liabilities, Rana Gruber had no long-term debt. Rana Gruber has a credit score facility of NOK 100 million (US$9.9 million), which was unused as at September 30, 2025. As at September 30, 2025, Rana Gruber’s money and money equivalents totalled NOK 24.7 million (US$2.4 million).

Financing Particulars

As at September 30, 2025, Champion held a money stability of C$325.5 million, excluding the restricted money account held by the Kami Iron Mine Partnership, and had entry to undrawn quantities beneath its senior revolving credit score facility of C$514.9 million. The Firm expects to fund the acquisition value for the Transaction, estimated at US$289 million (C$399 million), and the associated charges and bills, by way of a mix of the proceeds of an fairness non-public placement with La Caisse, a brand new dedicated secured time period mortgage facility, and money readily available. The entire above parts of the Transaction financing plan have been designed and structured with a view to sustaining monetary leverage ratios at closing close to current ranges.

Non-public Placement

The Non-public Placement is to be accomplished by means of a difficulty of subscription receipts on a prospectus-exempt and non-brokered foundation, with every subscription receipt representing the suitable to obtain one odd share of Champion upon and conditional on the profitable completion of the Transaction. The difficulty value of C$5.1508 per odd share for the Non-public Placement represents a reduction of three.5% to the trailing 20 buying and selling days volume-weighted common buying and selling value (VWAP) of the odd shares on the Toronto Inventory Alternate (the “TSX”) previous to the date of the announcement. Assuming closing of the Transaction and assuming no change within the variety of odd shares issued and excellent till closing of the Transaction, the Non-public Placement represents odd share dilution to Champion of roughly 5.0%, and La Caisse would maintain roughly 8.5% of Champion’s odd shares, in every case on a non-diluted foundation.

The gross proceeds of the Non-public Placement will likely be deposited in escrow, to be launched to Champion following announcement that the minimal acceptance situation of the Provide has been met, supplied the opposite circumstances for completion of the Provide, as set out within the Transaction Settlement, are glad and are anticipated to stay glad on the time of closing of the Transaction. La Caisse may also obtain upon conversion of the subscription receipts for shares, a customary capital dedication payment and an quantity equal to any dividends declared by Champion and payable to holders of odd shares of file as of dates from and together with the deadline of the Non-public Placement to however excluding the date of the conversion of subscription receipts into shares. Ought to the circumstances referred to above not have been glad by Could 16, 2026, or the Provide lapse, terminate or be revoked or withdrawn, the gross proceeds of the Non-public Placement will likely be returned to La Caisse with curiosity truly earned thereon.

The issuance of the subscription receipts stays topic to the approval of the TSX and Australia Securities Alternate (“ASX”). Closing of the non-public placement is anticipated to happen within the first quarter of the 2026 calendar yr, topic to the satisfaction of customary closing circumstances, together with relevant regulatory approvals.

New Time period Mortgage Facility

Scotiabank, appearing as sole underwriter, sole arranger and sole bookrunner, supplied a binding dedication for the Time period Mortgage consisting of a US$150 million senior secured non-revolving credit score facility, which shall be accessible by means of a single draw on and topic to closing of the Transaction.

Upon completion and execution of the ultimate mortgage documentation and shutting of the Transaction, the Time period Mortgage can have a maturity of 4 years and is anticipated to bear the identical rate of interest because the Firm’s current senior revolving credit score facility. The Time period Mortgage principal quantity will likely be repaid at a tempo of two.5% quarterly, after a grace interval of two quarters put up closing of the Transaction, with the remaining stability to be repaid at maturity.

Transaction Timeline and Different Issues

The Transaction will likely be applied pursuant to the Provide. Rana Gruber’s shareholders will likely be provided NOK 79 (US$7.79) per share in money, representing a complete fairness worth of roughly NOK 2,930 million (US$289 million) based mostly on the variety of issued and excellent shares as on the date of the Announcement.

The Provide will likely be topic to customary launch and shutting circumstances, together with however not restricted to, the Provide being accepted to such extent that Champion (not directly by way of a wholly-owned subsidiary) turns into the proprietor of shares representing greater than 90% of the shares and voting rights in Rana Gruber. If, on account of the Provide or in any other case, Champion acquires and holds (not directly by way of a wholly-owned subsidiary) 90% or extra of all issued and excellent shares and voting rights of Rana Gruber, then it can have the suitable, and intends to, perform a obligatory acquisition (squeeze-out) of the remaining shares. The entire particulars of the Provide, together with all phrases and circumstances thereof, will likely be included in a proposal doc for the Provide (the “Provide Doc”) to be despatched to Rana Gruber’s shareholders following overview and approval by the Monetary Supervisory Authority of Norway (the “NFSA”) pursuant to Chapter 6 of the Norwegian Securities Buying and selling Act. The Provide Doc is anticipated to be permitted by the NFSA in time for the provide interval to begin in the direction of the top of January 2026. The Provide might solely be accepted on the premise of the Provide Doc.

In accordance with Norwegian securities legal guidelines, the Provide is anticipated to initially be opened for acceptance by Rana Gruber shareholders for a interval of 4 weeks following launch of provide interval. Topic to the approval of the NFSA, Champion might, at its discretion, lengthen the acceptance interval a number of occasions. Barring unexpected circumstances or extensions of the acceptance interval of the Provide, it’s at present anticipated that if profitable, the Provide will likely be accomplished within the second quarter of the 2026 calendar yr, assuming the prior satisfaction or waiver of all circumstances for the Provide.

Topic to such issues, the Transaction is anticipated to shut within the second quarter of the 2026 calendar yr. Put up closing of the Transaction, senior administration of Rana Gruber are anticipated to stay as management of Champion’s Norwegian subsidiary, together with the corporate’s CEO, Mr. Gunnar Moe, who has led the corporate for a number of years.

Pre-Acceptance Undertakings; Rana Gruber Board Suggestion

In reference to the Provide, Mirabella Monetary Providers LLP, on behalf of Svelland International Buying and selling Grasp Fund and sure different accounts, a number of massive shareholders and all members of the board of administrators and the manager administration of Rana Gruber, who personal roughly 51% of the issued and excellent shares of Rana Gruber as on the date of the Announcement, have entered into separate pre-acceptance undertakings, whereby they’ve agreed topic to the phrases and circumstances thereof to tender their shares into the Provide.

Rana Gruber has agreed to customary non-solicit covenants, together with to not, immediately or not directly, solicit various affords for the shares or Rana Gruber’s property or in any other case take any motion which will prejudice, impede, delay or frustrate the Provide. The Transaction Settlement features a customary proper to match any superior competing proposal in favor of the Firm.

The board of administrators of Rana Gruber has additionally unanimously resolved to suggest the Rana Gruber shareholders to simply accept the Provide.

Monetary and Authorized Advisors

Advokatfirmaet BAHR AS, Stikeman Elliott LLP, Ashurst LLP and McCarthy Tetrault LLP are appearing as authorized advisors to Champion, whereas Clarksons Securities AS is appearing as its monetary advisor. Wikborg Rein Advokatfirma AS is appearing as authorized advisor for Rana Gruber, whereas DNB Carnegie, part of DNB Financial institution ASA, is appearing as its monetary advisor. Fasken Martineau DuMoulin LLP and Clayton Utz are appearing as authorized advisors to La Caisse.

Convention Calls and Webcasts On-line Archive and Replay

• First occasion will likely be on December 21, 2025, at 17:00 PM (Montréal time) / December 22, 2025, at 9:00 AM (Sydney time)
• Second occasion will likely be on December 22, 2025, at 9:30 AM (Montréal time) / December 23, 2025, at 1:30 AM (Sydney time)

An internet archive of the webcast will likely be accessible by accessing the Firm’s web site at www.championiron.com/traders/events-presentations. A phone replay will likely be accessible for one week after the decision by dialing +1-888-660-6345 inside North America or +1-289-819-1450 abroad, and coming into passcode 10256# for the First Occasion and 67944# for the Second Occasion.

About Champion Iron Restricted

Champion, by way of its wholly-owned subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Advanced situated on the south finish of the Labrador Trough, roughly 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two focus crops that primarily supply vitality from renewable hydroelectric energy, having a mixed nameplate capability of 15M moist metric tonnes per yr that produce decrease contaminant high-grade 66.2% Fe iron ore focus with a confirmed capacity to supply a 67.5% Fe direct discount high quality iron ore focus. Benefiting from one of many highest purity assets globally, Champion is investing to improve half of the Bloom Lake’s mine capability to a direct discount high quality pellet feed iron ore with as much as 69% Fe. Bloom Lake’s high-grade and decrease contaminant iron ore merchandise have attracted a premium to the P62 index. Champion ships iron ore focus from Bloom Lake by rail, to a ship loading port in Sept-Îles, Québec, and has delivered its iron ore focus globally, together with in China, Japan, the Center East, Europe, South Korea, India and Canada. Along with Bloom Lake, Champion holds a 51% fairness curiosity in Kami Iron Mine Partnership, an entity additionally owned by Nippon Metal Company and Sojitz Company, which owns the Kami Mission. The Kami Mission is situated close to accessible infrastructure, solely 21 kilometres southeast of Bloom Lake. Champion additionally owns a portfolio of exploration and improvement initiatives within the Labrador Trough, together with the Cluster II portfolio of properties, situated inside 60 kilometres south of Bloom Lake.

For added info on Champion Iron Restricted, please go to our web site at: www.championiron.com.

This press launch has been approved for launch to the market by the board of administrators of Champion Iron Restricted.

Presentation of Monetary Info

All greenback figures on this press launch are in Canadian {dollars}, besides when acknowledged in any other case. The place monetary info of Rana Gruber or one other greenback determine has been transformed from Norwegian Krone (NOK) to U.S. {dollars} for functions of comparability, NOK have been transformed at an alternate fee of NOK 10.1415 per US$1.00. Canadian {dollars} have been transformed at an alternate fee of CAD 1.3802 per US$1.00.

References to “trailing 4 quarters” or “LTM” on this press launch means the trailing twelve-month interval ended September 30, 2025. Rana Gruber’s monetary info for the LTM interval ended September 30, 2025, offered herein is unaudited and has been derived by including Rana Gruber’s unaudited interim consolidated monetary info for every quarter therein.

Rana Gruber’s monetary statements had been ready in accordance with IFRS. Nonetheless, the monetary info of Rana Gruber offered on this doc has not been adjusted to offer impact to the variations between the accounting insurance policies of Rana Gruber and the Firm, and thus is probably not immediately akin to the Firm’s monetary info.

Non-IFRS and Different Monetary Measures of Rana Gruber

The outline of, and sure details about, Rana Gruber included on this press launch relies upon info made publicly accessible by Rana Gruber in paperwork revealed beneath Rana Gruber’s profile on Euronext Oslo Børs’ digital info system at https://newsweb.oslobors.no and upon private info made accessible by Rana Gruber to the Firm. Such info has not been verified independently by the Firm. Accordingly, an unavoidable degree of threat stays concerning the accuracy and completeness of the knowledge concerning Rana Gruber and contained on this press launch. 

This press launch consists of sure non-IFRS monetary measures, ratios and supplementary monetary measures in respect of Rana Gruber. Such measures are included to offer traders with extra info with a view to assist them consider the underlying efficiency of Rana Gruber. These measures are primarily derived from Rana Gruber’s public interim monetary reviews for the durations outlined (throughout the part Appendix – Various efficiency measures of those monetary reviews), accessible on Rana Gruber’s web site at www.ranagruber.no. Non-IFRS monetary measures will not be standardized and is probably not akin to related measures utilized by different issuers, together with the Firm’s non-IFRS measures. Administration believes that these measures, along with standard measures ready in accordance with IFRS, present traders with an improved capacity to know the outcomes of Rana Gruber’s operations. Non-IFRS and different monetary measures shouldn’t be thought-about in isolation or as substitutes for measures of efficiency ready in accordance with IFRS. The exclusion of sure gadgets from non-IFRS monetary measures doesn’t suggest that these things are essentially non-recurring.

EBITDA is outlined by Rana Gruber because the revenue or loss for the interval earlier than web monetary revenue (bills), revenue tax expense, depreciation and amortisation.

Money value per metric tons is outlined by Rana Gruber as money value divided by metric tons of iron ore produced. Metric tons of iron ore are outlined as metric tons of hematite and magnetite produced within the present interval. Money value is outlined by Rana Gruber because the sum of uncooked supplies and consumables used, worker profit bills and different working bills.

Certified Particular person

Vincent Blanchet, P. Eng., Engineer at Quebec Iron Ore Inc., is a “certified individual” as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives and has reviewed and permitted, or has ready, as relevant, the disclosure of the scientific and technical info contained on this press launch and has confirmed that the related info is an correct illustration of the accessible information and research for the related initiatives. Vincent Blanchet is a member of the Ordre des ingénieurs du Québec.

Ahead-Trying Statements

This announcement, oral statements made concerning the Transaction or the Provide, and different info revealed by Champion, comprise sure info and statements which will represent “forward-looking info” or “forward-looking statements” beneath relevant securities laws (“forward-looking statements”). Ahead-looking statements are statements that aren’t historic info and are typically, however not all the time, recognized by means of phrases corresponding to “will”, “plans”, “expects”, “is anticipated”, “price range”, “scheduled”, “estimates”, “continues”, “forecasts”, “initiatives”, “predicts”, “intends”, “anticipates”, “goals”, “targets” or “believes”, or variations of, or the negatives of, such phrases and phrases or state that sure actions, occasions or outcomes “might”, “might”, “would”, “ought to”, “would possibly” or “will” be taken, happen or be achieved. Inherent in forward-looking statements are dangers, uncertainties and different components past the Firm’s capacity to foretell or management.

All statements, aside from statements of historic info, included on this press launch that handle future occasions, developments or efficiency are forward-looking statements. Ahead-looking statements embrace, amongst different issues, statements concerning the anticipated timing and scope of the Transaction, together with timing for launch of the Provide; the anticipated results of the Transaction on the Firm, together with the anticipated near-term accretive impression per odd share of Champion’s income, EBITDA and money flows from working actions and the Firm’s expectations that it’ll preserve its monetary leverage ratios at closing close to current ranges by way of the proposed financing construction; the issuance of the subscription receipts pursuant to the Non-public Placement; the expectations concerning whether or not the Provide will likely be launched or Transaction will likely be accomplished, together with whether or not any circumstances to launch or circumstances to completion of the Provide will likely be glad or waived; the anticipated timing for completion of the Provide and the Transaction; the anticipated sources of financing of the transaction and the consummation of the financing contemplated by the dedicated debt financing; closing of the Non-public Placement, together with the anticipated timing thereof and whether or not closing circumstances to completion thereof will likely be glad; and different statements aside from historic info. Such forward-looking statements are potential in nature and will not be based mostly on historic info, however reasonably on present expectations and on quite a few assumptions concerning the enterprise methods and the surroundings by which Champion and/or Rana Gruber might function sooner or later.

Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such forward-looking statements contain identified and unknown dangers, uncertainties and different components, most of that are past the management of such events, which can trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by such forward-looking statements. Elements that would trigger precise outcomes to vary materially from these expressed in forward-looking statements embrace, with out limitation: the satisfaction of the circumstances to completion of the Transaction on the proposed phrases and schedule; the state of the worldwide economic system and the economies of the areas by which the Champion and/or Rana Gruber function; the state of and entry to world and native capital and credit score markets; the supply of borrowings to be drawn down beneath, and the utilization of, numerous parts and elements of Champion’s financing plan in accordance with their respective phrases; the sufficiency of Champion’s liquidity and dealing capital necessities for the foreseeable future; the flexibility of Champion to efficiently combine Champion’s companies, processes, methods and operations and retain key staff; Rana Gruber’s or Champion’s companies, working outcomes, money flows and/or monetary circumstances; together with as pertains to Champion, dangers, uncertainties and assumptions referring to the potential failure to understand anticipated advantages from the Transaction, forex alternate threat and overseas forex publicity associated to the acquisition value of the Transaction; Champion’s reliance upon info supplied by Rana Gruber in reference to the Transaction and publicly accessible info; potential undisclosed prices or liabilities related to the Transaction, Champion being adversely impacted in the course of the pendency of the Transaction, and alter of management and different related provisions and costs; Champion’s capacity to retain and appeal to new enterprise, obtain synergies and preserve market place arising from profitable integration plans referring to the Transaction; Champion’s capacity to in any other case full the combination of Rana Gruber inside anticipated time durations and at anticipated value ranges, Champion’s capacity to draw and retain key staff in reference to the Transaction, administration’s estimates and expectations in relation to future financial and enterprise circumstances and different components in relation to the Transaction, the conclusion of the anticipated strategic, monetary and different advantages of the Transaction, the accuracy and completeness of public and different disclosure (together with monetary disclosure) by Rana Gruber; future costs of iron ore; future transportation prices; normal financial, aggressive, political and social uncertainties; continued availability of capital and financing and normal financial, market or enterprise circumstances; timing and uncertainty of trade shift to electrical arc furnaces, impacting demand for high-grade feed; failure of plant, gear or processes to function as anticipated; delays in acquiring governmental approvals, mandatory allowing or within the completion of improvement or development actions; the outcomes of feasibility research; adjustments within the assumptions used to arrange feasibility research; undertaking delays; geopolitical occasions; and the results of catastrophes and public well being crises on the worldwide economic system, the iron ore market and Champion’s operations, in addition to these components mentioned within the part entitled “Threat Elements” of Champion’s Administration’s Dialogue and Evaluation for the monetary yr ended March 31, 2025, accessible beneath the Champion’s profile on SEDAR+ at www.sedarplus.ca, the ASX at www.asx.com.au and the Champion’s web site at www.championiron.com.

If any a number of of those dangers or uncertainties materialises or if any a number of of the assumptions show incorrect, precise outcomes might differ materially from these anticipated, estimated or projected. Such ahead wanting statements ought to due to this fact be construed within the mild of such components. Neither Champion nor any member of its group, nor any of its members, associates or administrators, officers or advisers, offers any illustration, assurance or assure that the incidence of the occasions expressed or implied in any forward-looking statements on this announcement will truly happen. Given these dangers and uncertainties, potential traders shouldn’t place any reliance on ahead wanting statements.

The entire forward-looking statements contained on this announcement are given as of the date hereof and are based mostly upon the opinions, estimates and knowledge accessible as on the date hereof. Champion disclaims any intention or obligation to replace or revise any of the forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by regulation. If a number of forward-looking statements is up to date, no inference ought to be drawn that extra updates with respect to these or different forward-looking statements will likely be made. The foregoing checklist of dangers and uncertainties just isn’t exhaustive. Readers ought to fastidiously think about the above components in addition to the uncertainties they characterize and the dangers they entail.

SOURCE Champion Iron Restricted

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