Work Advancing on Chibougamau’s Mont Sorcier Iron/Vanadium Royalty Property
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Work Advancing on Chibougamau’s Mont Sorcier
Iron/Vanadium Royalty Property
ROUYN-NORANDA, QUÉBEC - Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, C LL1-
Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF -OTC in the US) ,
herein called Chibougamau, is pleased to highlight to shareholders the following update from Cerrado
Gold Inc. as regards ongoing work at the Mont Sorcier Iron/vanadium project located in proximity of
the town of Chibougamau, Quebec. In a press release of today’s dat e, Cerrado published the
following:
Mont Sorcier Project Update
At the Mont Sorcier high -purity iron project, detailed metallurgical test work and flow sheet design
continued during the quarter. All key workstreams are now engaged and the Company has com menced
an infill drill program to update sufficient resources to the Proven and Probable categories as required to
support the ongoing feasibility. Assay results remain pending at this time.
The Bankable Feasibility Study will look to provide greater deta il of the potential for the project that was
highlighted in the previous 2022 NI 43 -101 Preliminary Economic Assessment ("PEA") that delivered a
project NPV 8% of US$1.6 Billion based upon iron concentrates grading 65% iron. With the improved
metallurgical results received to date the Company is confident it can deliver a high purity DRI grade Iron
ore concentrate product of over 67% iron, enhancing the project value and delivering a highly desired
product to support the Green Steel transition.
Chibougamau Independent Mines holds a 2% Gross Metal Royalty on iron and vanadium production
from the Mont Sorcier property.
Press Release
July 17, 2025
61,065,536 shares issued and outstanding
Page 2
This press release was written by Jack Stoch, P. Geo., President and CEO of Chibougamau Independent
Mines Inc. in his capacity as a Qualified Person (Q.P.) under NI 43 -101 and has been approved by
Cerrado Gold Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the
release.
We Seek Safe Harbour.
CUSIP Number 167101 203
LEI 529900GYUP9EBEF7U709
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
www.chibougamaumines.com
Forward Looking Statements
Except for historical information this News Release may contain certain “forward looking statements”. These statements may involve a number of known
and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the
Companies expectations and projections. A more detailed discussion of the risks is available under “disclaimer” on the Company’s website.