New Millennium Iron Corp. Announces Settlement with the Port of Sept-Îles Regarding Multi-User Dock Contract

New Millennium Iron Corp.

CALGARY, ALBERTA--(Marketwired - Dec. 6, 2017) - New Millennium Iron Corp. ("NML" or the "Company") (TSX:NML) announced today that it has reached a settlement with the Port of Sept-Îles (the "Port") regarding its disputed July 2012 Contract with the Port (the "Contract"), under which NML reserved annual iron ore loading capacity of 15 million tonnes at the Port's new multi-user dock and advanced funds totalling $38.4 million towards construction of the dock (see NR 12-17 dated July 18, 2012).