In this exclusive interview, Michael Fox sits down with Farzad Nader, COO of Red Paramount Iron, to dive into their high-grade DR iron ore Lac Virot project near the Quebec-Labrador border—surrounded by giants like Rio Tinto, Champion Iron, Tacora Resources, and ArcelorMittal in Canada’s top iron-producing region. Farzad breaks down their advanced Newfoundland Labrador mining project boasting 69% iron content, over 500 million tons of resources, 12,000 meters of drilling, and stellar economics (17% IRR/$500M NPV base case; 30%+ IRR/$1.2B NPV premium). They’re raising $15-25M pre-IPO from strategic investors for PFS, First Nations engagement, permitting, and expansion on their massive 133 sq km lease—mirroring Champion Iron’s success while targeting green steel with ultra-low impurity concentrate. Export plans leverage the expanding Port of Sept-Îles for Europe (CBAM 2026), Japan, Korea, and beyond. Stay tuned for IPO updates—contact Red Paramount for investment ops!

https://redparamount.ca/