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

The Prospector News Podcast · Apr 20, 2026 · 19m

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…