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Toronto - Labrador Iron Mines Holdings Limited is pleased to announce a US$4,000,000 strategic investment by New York Stock Exchange listed Scully Royalty Ltd. .
US$ 4 MILLION INVESTMENT
The. | July 6, 2022
Labrador Iron Mines Announces US$4,000,000 Strategic Investment by Scully Royalty streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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HONG KONG, April 30, 2021 /PRNewswire/ Scully Royalty Ltd. (the Company ) (NYSE: SRL) is pleased to announce that it has filed its annual report on form 20-F with the Securities and Exchange Commission, and also provides the following corporate updates:
UPDATE ON THE SCULLY MINE
The Scully Iron Ore Mine
Global Price of Iron Ore
The most valuable asset that the Company owns is its net revenues royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada. The royalty rate under this interest is 7.0% on iron ore shipped from the mine and 4.2% on iron ore shipped from tailings and other disposed materials, with a minimum payment of C$3.25 million per annum.