Cerrado Gold ( (TSE:CERT) ) just unveiled an update.
Cerrado Gold has announced positive results from its metallurgical test work at the Mont Sorcier iron ore project, confirming the production of high-purity, 67% DRI grade iron concentrates. This development is significant as DRI grade products are expected to see a demand growth of over 9% annually over the next decade. The company is advancing towards a feasibility study expected in Q1 2026, with ongoing test work on equipment sizing and variability of primary domains. The high-grade concentrates produced are suitable for use in electric arc furnaces, offering a competitive advantage in the market due to their reduced greenhouse gas emissions.
More about Cerrado Gold
Cerrado Gold Inc. is a mining company focused on the production of high-purity iron concentrates. The company operates the Mont Sorcier iron ore project in Quebec, primarily through its subsidiary, Voyager Metals Inc. Cerrado Gold is engaged in metallurgical processes to produce Direct Reduction Iron (DRI) grade products, which are in demand for their lower greenhouse gas emissions in steel production.
YTD Price Performance: 1.43%
Average Trading Volume: 92,207
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.42M
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