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MagIron's Milestone in Iron Pellet Production

MagIron LLC has recently announced outstanding results from its initial comprehensive pot-grate pellet testing program, signaling a significant advancement in the production of high-quality direct reduction (DR) grade pellets sourced from Minnesota's rich iron resources. This testing phase was conducted in partnership with the Natural Resources Research Institute (NRRI) at the University of Minnesota, where the pellets produced will directly contribute to the company's vision of enhancing the efficiency and sustainability of the U.S. steel industry.

Innovative Testing Program

The production of these pellets was based on concentrates generated during the pilot plant program in 2025. This phase effectively showcased MagIron's capability to deliver high-grade concentrates and illustrated the potential for tailored lower silica products based on customer specifications. Continuous collaboration with NRRI has led to an evaluation of process optimizations such as coarser grinding, alternative flotation technologies, and lower reagent consumption, which promise to enhance economic viability compared to those reflected in previous studies.

Exceptional Quality Metrics

The test results have revealed that MagIron's fired pellets maintain commendable strength and durability, making them highly suitable for operations in DR furnaces. Key performance indicators from independent testing averaged over five batches include:

• - High Cold Compressive Strength: 730 lbf per pellet, ensuring robust integrity during transport, handling, and furnace charging.
• - Tumble Index: 96.8%, which indicates minimal fines generation and enhanced material flow through DR reactors.
• - Porosity: 32.1%, facilitating efficient gas diffusion and steady reduction behavior.

Such metrics affirm the pellets' reliability under operational conditions crucial for Direct Reduction Iron (DRI) producers. The metallurgical tests showcased impressive performance, with a near-zero disintegration rate during reduction, evidenced by a Reduction Disintegration Index (RDI-3.15) of just 0.13%. Furthermore, the degree of metallization has exceeded 97%, which is essential for converting iron into its metallic form efficiently.

Strategic Importance for U.S. Steel Industry

Julian Treger, Executive Chairman of MagIron, noted that these compelling results reaffirm the quality and versatility of their extensive resource base. With steel production transitioning predominantly toward electric arc furnaces, the U.S. steel industry is heavily dependent on imported materials for premium-grade iron units, which presents a pressing challenge amid increasing domestic demand.

MagIron positions itself as a domestic supplier capable of addressing these challenges by potentially supplying a significant quantity of DR-grade pellets, thereby contributing to the country's self-sufficiency and aiding in the decarbonization efforts within the steel sector.

A Dual Development Strategy

Despite focusing primarily on developing pig iron, MagIron retains the capacity to supply high-quality direct reduction pellets as a response to market demands. The remarkable findings from the pot-grate test program reveal a strong foundation for future projects that hinge on high-purity iron products. As the company advances its strategic objectives, it is also engaging potential commercial partners to explore mutually beneficial partnerships.

Future Proposals

MagIron is on a steady path toward final investment decisions as it progresses with its financing and commercial strategies. Bulk pellet samples are set to be distributed for testing to prospective customers, promising further validation of the product’s quality in practical applications.

The iron and steel industry is on the cusp of transformation, and MagIron’s focus on advanced technologies and processes is pivotal in shaping a sustainable future for iron production not just locally in Minnesota, but across the U.S. steel landscape. This focused approach ensures that MagIron remains at the forefront of innovation while aligning with the industry's commitment to reduce its carbon footprint.