North American Iron confirms follow-on financing for Minnesota-to-North Dakota pig iron project

Published: Jul 10, 2026 16:39

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North American Iron announced the completion of additional follow-on financing, which closed on June 28, 2026, to advance its integrated project to reclaim existing iron ore stockpiles in Minnesota and convert them into pig iron at a facility in North Dakota. The North Dakota facility is positioned within a 2,400-acre site, with engineering and design work advancing and permitting anticipated to be completed in the third or fourth quarter of 2026. The company describes the project as an integrated reclamation-to-pig-iron model that would give it control over both raw material recovery and downstream processing. No production start date or total capital cost was disclosed in the release. This is a company press release and has not yet been independently corroborated by trade press.

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