Cap-Ex Iron Ore
- Company typePublic
- Founded2011
- HeadquartersVancouver, Canada
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
Cap-Ex Iron Ore firmographics
Firmographics- Name
- Cap-Ex Iron Ore
- Legal name
- Cap-Ex Iron Ore Ltd.
- Website
- https://cap-ex.ca
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Ownership category
- akta.pro rank
Cap-Ex Iron Ore industry classification
Industry- Product category
- Iron Ore Mining and Pellet Production
- NAICS
- Iron Ore Mining (212210)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Iron Ore Exploration & Resource Definition (IMAKAAAA)
- akta.pro secondary industries
- Iron Ore Mine Development & Expansion (EPC, Construction, Commissioning) (IMAKAAAB), Iron Ore Beneficiation & Concentration (Crushing, Screening, Washing, Magnetic Separation) (IMAKAAAD), Iron Ore Pelletizing & Agglomeration (Pellets, Sinter Feed, Lump) (IMAKAAAE), Iron Ore Mining Operations (Open-Pit & Underground) (IMAKAAAC)
Keywords
Where Cap-Ex Iron Ore is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Cap-Ex Iron Ore business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D
Revenue model
- Iron Ore Pellet Sales: The company plans to generate revenue through the production and sale of superior quality iron pellets. The PEA projects pellet production rate of 16.6 million tonnes per year from two production lines at a grade of 67.0% iron. The company assumes a constant pellet selling price of CAD$145 per tonne based on Platts benchmark price for 62% Fe concentrate of $110 per tonne.
- Strategic Partnership/Funding: The company is seeking strategic partners for equity financing, debt financing, off-take agreements, and potential acquisition. Currently pre-revenue with ongoing exploration and development activities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Cap-Ex Iron Ore product offering
Product offeringCore offering
Cap-Ex Iron Ore Ltd. is a pre-revenue mineral exploration and development company advancing the wholly owned Block 103 magnetite iron ore property in the Labrador Trough near Schefferville, Quebec. The asset contains 7.2 billion tonnes of inferred resources at 29.2% total iron, with a Preliminary Economic Assessment outlining planned production of 16.6 million tonnes per year of 67% Fe iron pellets from two processing lines. The company also holds a portfolio of ancillary iron ore and gold-copper exploration properties in Quebec/Labrador and British Columbia.
Product overview
Cap-Ex Iron Ore Ltd. is a Canadian mining exploration company with a portfolio of iron ore and precious/base metal mineral properties. The company's primary focus is the development of its wholly owned Block 103 Iron Ore Project in the Labrador Trough, a world-class iron ore belt. The company also holds several other iron ore properties including Redmond, Lac Connelly, and Snelgrove, as well as gold-focused properties in British Columbia. Cap-Ex's Block 103 project contains one of the largest undeveloped magnetite iron ore deposits globally, with a NI 43-101 inferred resource of 7.2 billion tonnes grading 29.2% total iron. The company completed a Preliminary Economic Assessment (PEA) in 2013 evaluating potential pellet production from the deposit.
Differentiator
Problem solved
Functional benefit
Products and services
- Block 103 Iron Ore Property Wholly owned iron ore property in the Labrador Trough near Schefferville, Quebec, covering 831 mineral claims totaling 20,775 hectares over 14 contiguous map-staked licences; contains the Greenbush and Northwest zones with an inferred resource of 7.2 billion tonnes at 29.2% total iron (18.9% magnetic iron). The asset is the foundation of a planned two-line pellet operation producing 16.6 Mtpa of 67% Fe pellets.
- Iron Ore Pellet Production (Planned Output from Block 103 PEA) Planned saleable output from the Block 103 PEA: 16.6 million tonnes per year of blast-furnace-grade iron pellets at 67.0% Fe and 3.5% SiO2, produced from a 70% Fe magnetite concentrate using conventional crushing, grinding, magnetic separation and pelletizing; metallurgical testing indicates 93.7% magnetite recovery. Intended for sale to global integrated steel producers.
Quantifiable outcome
- Pre-tax IRR of 19.3% with payback period of 7.0 years
- +3 more outcomes
Companies that use Cap-Ex Iron Ore
Customer profileSegments2 records
Ideal customer profiles2 records
Cap-Ex Iron Ore technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Cap-Ex Iron Ore partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Tata Steel Minerals Canada Ltd.coreAgreement for roadway access and DSO exploration over the Block 103 property. TSMC will pay CAD$250k cash and conduct an initial $550k DSO exploration program on Block 103. TSMC has right to enter joint venture negotiations regarding DSO potential. If TSMC decides not to continue or joint venture cannot be agreed, TSMC will pay an additional $200k.
- Intercedent LimitedminorNon-exclusive agreement to seek strategic partner/investor for Block 103 project. Intercedent is a privately owned Canadian firm with offices in Beijing, Hong Kong and Singapore. Fee payable only on completed Transaction with party the Finder was retained to negotiate with.
- Pridolian LimitedminorNon-exclusive agreement to seek strategic partner/investor for Block 103 project. Pridolian is a boutique natural resources advisory firm based in Dublin, Ireland. Fee payable only on completed Transaction.
- King & Bay West Management Corp.minorNon-exclusive finder's fee agreement for 24 months. King & Bay to provide services in finding parties for equity financing, debt financing, off-take or acquisition agreements. Fee payable in cash upon closing of Transaction with specific potential interested parties.
- CN (Canadian National Railway)coreAgreement signed for railway access. The PEA assumes rail transportation will be provided by Tshiuetin Rail Transport (TRT) railway in Schefferville, QNS&L railway and Chemin de Fer Arnaud (CFA), using existing infrastructure leading to Port of Sept-Îles.
Scale indicators8 records
Recent moves6 records
Cap-Ex Iron Ore competitors and assessment
Company assessmentDirect peers
- Champion Iron Limited: Champion Iron operates the Bloom Lake iron ore mine in the southern Labrador Trough and is advancing growth projects. Comparable as a Quebec-focused iron ore developer/producer with similar magnetite/hematite product mix and use of the Port of Sept-Îles.
- New Millennium Iron Corp: New Millennium's LabMag and KeMag magnetite deposits are immediately adjacent to Block 103 in the Labrador Trough and partnered with Tata Steel Minerals Canada — directly comparable deposit type, location, and infrastructure access, representing the closest geological neighbor and most natural consolidation candidate.
- Century Iron Mines Corporation: Century Iron Mines held early-stage iron ore exploration properties in the Labrador Trough and Quebec, including joint ventures with Chinese steel mills. Comparable as a junior iron ore developer in the same region targeting Chinese off-take, similar business model to Cap-Ex.
- Alderon Iron Ore Corp: Alderon is a Labrador Trough magnetite developer at the Kami Project, directly comparable to Cap-Ex Block 103 in terms of asset type (magnetite), geography, and stage. Alderon secured an off-take/equity partnership with Hebei Iron and Steel Group — Cap-Ex Special Advisor Mark Morabito was instrumental in that deal.
Regional players
- Labrador Iron Mines Holdings: Labrador Iron Mines holds direct-shipping ore (DSO) hematite properties near Schefferville, Quebec, adjacent to Cap-Ex's Block 103. Comparable as a regional iron ore developer in the same Labrador Trough jurisdiction with similar infrastructure dependencies.
- Baffinland Iron Mines Corp: Baffinland is a Canadian iron ore producer operating the Mary River mine in Nunavut. Comparable as a Canadian-domiciled iron ore producer at scale, though remote and not in the Labrador Trough — relevant for capex/iron ore pricing benchmarking.
Broad incumbents
- Tata Steel Minerals Canada: Tata Steel Minerals Canada operates the adjacent DSO and is developing magnetite projects in the Labrador Trough, with whom Cap-Ex has a road-access and DSO exploration agreement. A broad incumbent iron ore producer in the same geological belt that is a logical strategic acquirer or partner.
- ArcelorMittal Mining Canada: ArcelorMittal operates the Mont-Wright and Fire Lake mining complex in the Labrador Trough and uses the QNS&L railway to Port of Sept-Îles — the same rail/port infrastructure Cap-Ex plans to leverage. A broad incumbent and natural potential infrastructure partner or acquirer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Cap-Ex Iron Ore social profiles
Digital presenceCap-Ex Iron Ore financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cap-Ex Iron Ore leadership team
Management profileNumber of profiles
Profiles8 records
Cap-Ex Iron Ore funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cap-Ex Iron Ore M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cap-Ex Iron Ore
What does Cap-Ex Iron Ore do?
Cap-Ex Iron Ore Ltd. is a pre-revenue mineral exploration and development company advancing the wholly owned Block 103 magnetite iron ore property in the Labrador Trough near Schefferville, Quebec. The asset contains 7.2 billion tonnes of inferred resources at 29.2% total iron, with a Preliminary Economic Assessment outlining planned production of 16.6 million tonnes per year of 67% Fe iron pellets from two processing lines. The company also holds a portfolio of ancillary iron ore and gold-copper exploration properties in Quebec/Labrador and British Columbia.
Is Cap-Ex Iron Ore a public or private company?
Cap-Ex Iron Ore is a public company. It is classified as public and is currently operating.
When was Cap-Ex Iron Ore founded?
Cap-Ex Iron Ore was founded in 2011.
Where is Cap-Ex Iron Ore based?
Cap-Ex Iron Ore is headquartered in Vancouver, Canada, in the North America region.
How does Cap-Ex Iron Ore make money?
Two revenue lines are on record. Iron Ore Pellet Sales are the primary driver. The others are strategic Partnership/Funding.
Who are Cap-Ex Iron Ore's main competitors?
Direct peers on record are Champion Iron Limited, New Millennium Iron Corp, Century Iron Mines Corporation and Alderon Iron Ore Corp. Regional players are Labrador Iron Mines Holdings and Baffinland Iron Mines Corp. Broad incumbents are Tata Steel Minerals Canada and ArcelorMittal Mining Canada.
Does Cap-Ex Iron Ore have an API?
No public API is recorded for Cap-Ex Iron Ore.
What industry is Cap-Ex Iron Ore in?
Cap-Ex Iron Ore's product category is Iron Ore Mining and Pellet Production. Its primary akta.pro industry code is IMAKAAAA, Iron Ore Exploration & Resource Definition, with a secondary code of IMAKAAAB, Iron Ore Mine Development & Expansion (EPC, Construction, Commissioning). Its NAICS code is 212210 and its SIC code is 1000.