The Prospector News Podcast

Farzad Nader: Red Paramount Iron Pre-IPO - 69% DR Grade Iron Ore Gem w/ $1.2B NPV? COO Reveals All

April 20, 2026·19 min
Episode Description from the Publisher

In this exclusive interview, Michael Fox sits down with Farzad Nader, COO of Red Paramount Iron, to dive into their high-grade DR iron ore Lac Virot project near the Quebec-Labrador border—surrounded by giants like Rio Tinto, Champion Iron, Tacora Resources, and ArcelorMittal in Canada’s top iron-producing region. Farzad breaks down their advanced Newfoundland Labrador mining project boasting 69% iron content, over 500 million tons of resources, 12,000 meters of drilling, and stellar economics (17% IRR/$500M NPV base case; 30%+ IRR/$1.2B NPV premium). They’re raising $15-25M pre-IPO from strategic investors for PFS, First Nations engagement, permitting, and expansion on their massive 133 sq km lease—mirroring Champion Iron’s success while targeting green steel with ultra-low impurity concentrate. Export plans leverage the expanding Port of Sept-Îles for Europe (CBAM 2026), Japan, Korea, and beyond. Stay tuned for IPO updates—contact Red Paramount for investment ops!https://redparamount.ca/#IronOre #GreenSteel #MiningInvestment #PreIPO #DRGradeIron #ChampionIron #RioTinto #LabradorMining #NewfoundlandLabrador #IronConcentrate

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