11:28 AM EST, 11/10/2025 (MT Newswires) -- Cerrado Gold ( CRDOF ) up 7% on last look, Monday provided an update on its development proposal for its Mont Sorcier high purity magnetite iron project in Quebec. Mont Sorcier is currently in the later stages of a Feasibility Study targeted for completion next year.

The Mont Sorcier project can produce a premium 67% iron concentrate over a long mine life.

Due to its location, low strip ratio, and access to existing rail infrastructure and the Port of Saguenay, the feasibility study is expected to demonstrate a long-life mine with high margins, low operating costs, and low capital intensity, the company said.

Cerrado shares are up $0.09, to $1.44, on the TSX Venture Exchange.

Price: 1.44, Change: +0.09, Percent Change: +6.67