UPDATE: Nippon Steel, Sojitz, Champion Iron seal for Kami iron project

ASX-listed mining company Champion Iron has reached a definitive framework agreement with Japan's Nippon Steel and trading company Sojitz on the ownership and potential development of the Kamistiatusset (Kami) iron ore project in southwestern Newfoundland, according to Champion's announcement released on Tuesday.

The execution of this framework agreement signifies the official implementation of the binding agreement signed between Champion and its two partners in December 2024, as announced. "(It) marks a significant milestone for the Kami Project, establishing a clear structure to advance its evaluation alongside trusted partners," said Champion's CEO David