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Cyclone Metals (ASX:CLE) has signed a binding commercial agreement with global iron ore leader Vale (NYSE:VALE) through which the parties will jointly develop the Iron Bear asset in Québec, Canada.

Vale-backed Cyclone Metals is forging down the pathway to production at its flagship Iron Bear magnetite project in Canada, thanks to a compelling economic case outlined in a scoping study this month.

Cyclone Metals Ltd. engages in the investment, exploration and evaluation of mineral properties. Its projects include Marampa Iron Ore, Kukuna Iron Ore, Wee McGregor Copper, Kipushi Tailings, Kasombo ...

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