Grand River Ironsands Inc.
Grand River Ironsands Incorporated ("GRI") is a privately-owned Canadian iron-ore manufacturing company. The main focus of our company is the mining and refining of iron ore into pig iron. GRI will be a 60% shareholder in the project located in Northern Labrador on the Churchill River. Our low-cost, high purity pig iron allows us to provide a high grade iron, with fewer impurities compared to the use of scrap metal. Our goal is to be able to produce this pig iron at a cost under $280/tonne, with a current market price of $410-450/tonne. Currently, we are in the process of developing a location for the first iron making plant in a port community with low cost electricity amonst numerous additional requirements. Our first plant we are looking for production of approximately 800,000 tonnes per annum, then launching a second plant sometime after closer to the project.