Cartier Iron Corporation is a Canadian-based exploration and development company that focuses on the acquisition and exploration of iron ore properties in Quebec, Canada. The company was founded in 2005 and is headquartered in Toronto, Ontario.
Cartier Iron's flagship project is the Gagnon Holdings, which is located in the southern Labrador Trough in Quebec. The property covers an area of approximately 145 square kilometers and is adjacent to the Iron Ore Company of Canada's Carol Lake mine.
The company's exploration activities at Gagnon Holdings have identified several high-grade iron ore deposits, including the Penguin Lake deposit, which has an estimated resource of 7.2 million tonnes of iron ore. Cartier Iron is currently conducting further exploration and development work at the property to expand its resource base and advance towards production.
In addition to Gagnon Holdings, Cartier Iron also holds several other iron ore properties in Quebec, including the Borel River and the Lac Lamelee properties. The company's long-term goal is to become a significant producer of high-quality iron ore in Quebec, which is a major iron ore producing region in Canada.