Red Paramount is leading the development of the first fully integrated green steel production process in North America, spearheading a revolutionary approach to sustainability in the steel industry.
Red Paramount is an emerging steel feed production company committed to directly contributing to reducing global emissions by producing zero-emission green steel feed in the heart of Canada’s foremost iron-producing region. This transformation to a sustainable society requires significantly reduced greenhouse gas emissions in a full-cycle production of green steel and other metals and minerals. Red Paramount plans to use sustainable extraction and processing of iron ore and green energy technologies to minimize the climate impact and material footprint through the value chain of steel production.
Red Paramount is developing its 100%-owned Lac Virot iron ore property in the Eastern Canada Province of Newfoundland and Labrador. Red Paramount is fully committed to directly contributing to the global reduction in emissions by producing zero-emission green steel using the best tools for climate-smart mining and renewable energy sources for steel production.
We are defining the full-cycle development of zero-emission Green HBI steel feed production. The aim is to develop a preliminary economic assessment study in 2022 to determine the Project’s optimal path to production. The Company will develop the Lac Virot project to construct and build the next fully integrated world-class zero-emission green steel HBI producer.
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To learn more about Red Paramount Iron and our project, contact us