Labrador Iron Ore Royalty Corporation

Labrador Iron Ore Royalty Corporation (LIORC) is a Canadian company that serves a unique role in the mining sector by owning interests in iron ore assets. Primarily, LIORC holds a 15.1% equity interest in the Iron Ore Company of Canada (IOC), one of Canada’s largest iron ore producers. The corporation also operates as a finance entity by holding a 7% gross overriding royalty and a 10-cent per ton commission on all iron ore products produced, sold, and shipped by IOC. This structure allows LIORC to generate significant revenue streams through its royalty interests, providing financial exposure to the price movements in iron ore without directly involving itself in the operational complexities of mining. The corporation plays a critical role within the natural resources sector, offering shareholders a steady income source derived from the robust global demand for iron ore, a crucial component in steel manufacturing.